Associated Press
Rudy Giuliani will be allowed to remain in his Florida condo for now after a New York bankruptcy judge on Thursday declined to rule on a motion filed by his creditors that would’ve forced him to sell the Palm Beach estate.
At a hearing, Judge Sean Lane acknowledged the “significant” concern that Giuliani was sinking money into the condo that is owed to his numerous creditors, but said he would hold off on compelling a sale of the roughly $3.5 million property.
Giuliani declared bankruptcy in December after he was ordered to pay $148 million to two former Georgia election workers for spreading lies about their role in the 2020 election.
He has agreed to list his Manhattan apartment for roughly $5 million, but argues he should continue living in the Florida condo, citing the need to record his podcast there and the “prohibitive” cost of finding a new home in New York.
“If the court compels the sale of the Florida condominium, then the debtor will be forced to incur expenses for alternative housing,” his lawyers wrote in a March 28 motion. “Surely the committee does not intend the debtor to join the ranks of the homeless?”
The bankruptcy has brought forth a diverse coalition of creditors who say they are owed money by Giuliani, including a supermarket employee who was thrown in jail for patting him on the back, two elections technology companies that he spread conspiracies about, a woman who says he coerced her into sex, several of his former attorneys, the IRS and Hunter Biden, who claims Giuliani illegally shared his personal data.
An attorney representing many of those creditors, Rachel Biblo Block, said Thursday that Giuliani had spent at least $160,000 on maintenance fees and taxes for the Florida condo since the bankruptcy, far more than the $8,000 in monthly payments that his lawyers previously estimated.
Those payments, she added, were “rapidly depleting” Giuliani’s limited assets, which include about $15,000 in cash and $1 million in a retirement account.
“We don’t want to be left with our creditors holding the bag while he gets to be living in his luxurious condo,” she said, adding that Giuliani had “shown an inclination to stall” as he seeks to appeal the judgment in the Georgia election workers case.
While the judge suggested he was unlikely to force a sale of the property, he hinted at more “draconian” measures if Giuliani does not comply with information requests about his spending habits — including the possible appointment of a trustee to oversee his finances.
The next hearing is scheduled for May 14th.
____
Republished with permission of The Associated Press.
10 comments
J6 is Floridians Shame
April 5, 2024 at 7:35 am
So great to see ANOTHER J6er go down broke and sleepless.
Tom
April 5, 2024 at 8:13 am
Ah c’mon. It was just a bunch of good old boys with cellphones and flags. Don’t pick on rudy 🙂
Dont Say FLA
April 5, 2024 at 9:19 am
Sadly them good ole’ boys forgot about the “never meanin’ no harm” part. Cousin Daisy probably rollin’ over in her grave.
J Hoffman
April 5, 2024 at 8:32 am
“Surely the committee does not intend the debtor to join the ranks of the homeless?”
Compare and contrast :
Freeman said she wasn’t able to live at her home for two months after FBI officials warned her it would be unsafe in the days before Jan. 6, 2021. “I stayed away from my home for approximately two months. It was horrible. I felt homeless,”
(Source – NBC News Adam Edelman 6/21/2022)
M Steele
April 5, 2024 at 9:08 am
Rumor has it that there’s plenty of housing opportunities for Rudy somewhere in between his $5M Palm Beach resort townhouse and homelessness.
Bob Coppermith
April 5, 2024 at 9:16 am
You can buy a very nice double wide and lot around many places in rural Florida for under $250k. Sell your house, move and use Facebook MarketPlace to sell all the excess stuff!!
He screwed up and needs to be PUNISHED. The setup mentioned above is probably beyond one third of Floridian’s means.
Dont Say FLA
April 5, 2024 at 9:16 am
Where else would this MAGA guy stay but a Florida condo or Maga Lardo?
Nobody else would have him. Clearly. As Rhonda just demonstrated. And just like his orange, soon to be orange jumpsuit, buddy Trump is fixing to re-demonstrate.
Florida Man, aka Shiftless MAGGA, stays in Florida.
What WILL Trump look like with his pasty pale foul face skin white as snow and his outfit being Trump Orange? I am honestly surprised he isn’t selling autographed oranges. (Yet!) And yes of course the autograph is just laser printed . No way the man has dexterity for signing hundreds of oranges. We all saw the mess his hands were after making hundreds of red sneakers (and a few gold spray painted ones)
Tom
April 5, 2024 at 9:59 am
Spare a thought for his secret service detail that has to spend time in jail with him – no amount of signed trumpanges will help with that.
Air Bee In Vee Are Be Arrrr OH NO
April 5, 2024 at 9:32 am
I wonder how tourists like it when they find out their AirBnVrbOhNo condo neighbor is Rudy Guiliani? :ROFL:
PeterH
April 5, 2024 at 12:26 pm
Today’s GOP MUST be destroyed before it can be rebuilt from the ground up!
Republicans are America’s worst enemy! There are very few authentic conservatives left in today’s GOP!
Vote all Republicans out of office!
Comments are closed.