Rudy Giuliani, former personal attorney of former U.S. President Donald Trump, arrives at the E. Barrett Prettyman U.S. District Court on December 15, 2023 in Washington, DC.
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Creditors want to force Rudy Giuliani to sell his $3.5 million Florida condo to help pay off massive debt, court says document Submit Friday.
The former New York mayor filed for bankruptcy protection in December, citing massive unpaid debts, including $148 million in payments to two Georgia election poll workers who he falsely claimed were working as former President Donald Trump’s Trump’s lawyers tampered with 2020 election ballots.
Friday’s court filing said Giuliani argued he did not have enough funds to repay the debt: “According to the debtor’s attorney, ‘there is no pot of gold at the end of the rainbow.'”
But the document lists a series of expenses Giuliani currently pays to maintain his lifestyle.
Giuliani, for example, spends tens of thousands of dollars a month maintaining his Florida condo. He also paid more than $26,200 via credit card in 60 Amazon transactions in January, including charges for Netflix, Prime Video, Kindle, Audible, Paramount+, Uber rides and other services, documents show.
The creditor believed his real estate assets were fair game to collect what was owed. They said his “prewar co-op” apartment on New York City’s Upper East Side was exempt from the restrictions because it was his primary residence.
However, the filing said Giuliani spent “approximately 20-30% of his time in Florida,” so the creditor claimed the $3.5 million apartment must be sold.
“It is a matter of when, not if, the Debtors must sell the Florida Condominium in order to distribute the proceeds to their creditors,” the filing states.
Creditors also require Giuliani to purchase home insurance for his homes in Florida and New York City because they are two of his most valuable assets. “If anything happened to either of them, this loss would be a significant obstacle to creditor recovery.” .”
Court documents say Giuliani claimed he couldn’t afford the insurance.
Giuliani’s bankruptcy attorney did not immediately respond to a request for comment.
The former Trump adviser has faced a series of legal woes over his attempts to overturn the 2020 election results, all of which helped land him in bankruptcy court.his bankruptcy Archive As of December, he estimated he had assets worth $1 million to $10 million and had nearly $152 million to repay, including money owed to the IRS and law firms.
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