Creditors want to force Rudy Giuliani to sell his $3.5 million Florida condo to help pay his significant debts, according to a court document filed on Friday.
The former New York City mayor filed for bankruptcy protection in December, citing myriad unpaid debts including a $148 million payment to two Georgia election poll workers who he falsely claimed had tampered with the 2020 election ballots while he was serving as a lawyer for former President Donald Trump.
Giuliani has argued that he does not have the funds to pay his debts, the Friday court filing said: “According to the Debtor’s counsel, ‘there’s no pot of gold at the end of the rainbow.'”
But the document cited a flurry of expenses Giuliani currently pays to maintain his lifestyle.
For example, Giuliani spends tens of thousands of dollars a month to maintain his Florida condo. In January, according to the document, he also racked up more than $26,200 in credit card payments on 60 Amazon transactions, with charges for Netflix, Prime Video, Kindle, Audible, Paramount+, Uber rides and more.
Creditors see his real estate assets as fair game to recoup what is owed. They said his “pre-war co-op” apartment on New York City’s Upper East Side is exempt since it is his primary residence.
However, the document said, Giuliani spends “approximately 20-30% of his time in Florida” and therefore creditors claimed the $3.5 million condo must be sold.
“It is merely a matter of when, not if, the Debtor will have to sell the Florida Condo in order to distribute the proceeds thereof to creditors,” the filing said.
Creditors also demanded that Giuliani secure homeowners insurance for his Florida and New York City residences since they are his two most valuable assets and “if anything were to happen to either of them, such loss would be a significant impediment to creditor recoveries.”
Giuliani has claimed he cannot afford the insurance, the court document said.
Bankruptcy lawyers for Giuliani did not immediately respond to a request for comment.
The former Trump adviser has faced a slew of legal woes for his role in trying to overturn the 2020 election results, all of which have helped land him in bankruptcy court. His bankruptcy filing from December estimated that he has between $1 million and $10 million worth of assets and nearly $152 million to pay off, including what is owed to the IRS and law firms.
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