Rudy Giuliani, former personal attorney for former U.S. President Donald Trump, arrives at U.S. District Court E. Barrett Prettyman in Washington, DC on December 15, 2023.
Anna Moneymaker | Getty Images
Creditors want to force Rudy Giuliani to sell his $3.5 million Florida condo to pay off his significant debts, according to a court document filed Friday.
The former New York City mayor filed for bankruptcy protection in December, citing countless unpaid debts, including a $148 million payment to two poll workers in Georgia who he falsely claimed had manipulated ballots for the 2020 election , while serving as a lawyer for former President Donald Trump.
Giuliani has argued that he does not have the resources to pay off his debts, Friday’s court filing said: “According to the debtor’s attorney, ‘there is no pot of gold at the end of the rainbow.’
However, the document cites a barrage of expenses Giuliani is currently paying to maintain his lifestyle.
Giuliani, for example, spends tens of thousands of dollars each month maintaining his Florida condo. According to the document, he also racked up more than $26,200 in credit card payments on 60 Amazon transactions in January, including charges for Netflix, Prime Video, Kindle, Audible, Paramount+, Uber rides and more.
The creditors see his real estate assets as a fair game to get back the amounts owed. They said his “prewar co-op apartment” on New York City’s Upper East Side was exempt because it was his primary residence.
However, according to the document, Giuliani spends “approximately 20-30% of his time in Florida” and creditors demanded that the $3.5 million condo be sold.
“It is simply a matter of when, not if, the debtor must sell the Florida condominium in order to distribute the proceeds to the creditors,” the filing states.
The creditors also demanded that Giuliani carry home insurance on his residences in Florida and New York City because they are his two most valuable assets and “should anything happen to either of them, such loss would be a significant obstacle to the creditors’ recovery.”
Giuliani claimed he couldn’t afford the insurance, the court document said.
Giuliani’s bankruptcy lawyers did not immediately respond to a request for comment.
The former Trump adviser has faced a series of legal problems over his role in trying to overturn the 2020 election results, all of which contributed to him ending up in bankruptcy court. His December bankruptcy filing estimated he has assets worth $1 million to $10 million and needs to pay off nearly $152 million, including debts to the IRS and law firms.
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2024-03-16 15:03:54
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