Rudy Giuliani, former personal attorney of former U.S. President Donald Trump, arrives at the E. Barrett Prettyman U.S. District Court 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 help him 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 myriad unpaid debts, including a $148 million payment to two Georgia election poll workers who he falsely claimed had tampered with the 2020 ballots while serving as an attorney for former President Donald Briscola.
Giuliani argued he lacked the funds to pay 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.'”
But the document cites a number of expenses that Giuliani currently pays to maintain his lifestyle.
For example, Giuliani spends tens of thousands of dollars a month to maintain his condominium in Florida. In January, according to the document, he also racked up more than $26,200 in credit card payments across 60 Amazon transactions, with charges for Netflix, Prime Video, Kindle, Audible, Paramount+, Uber rides and more.
Creditors see his real estate as fair game to recover what he is owed. They said his “prewar co-op” apartment on New York City’s Upper East Side is exempt because it is his primary residence.
However, the document states, Giuliani spends “approximately 20 to 30 percent of his time in Florida” and so creditors said the $3.5 million condo had to be sold.
“It is simply a question of when, not if, the debtor will have to sell the Florida condominium to distribute the proceeds to creditors,” the filing reads.
The creditors also required Giuliani to secure homeowners insurance for his residences in Florida and New York City since they are his two most valuable assets and “if anything were to happen to either of them, such loss would constitute a significant obstacle to the recovery of creditors”.
Giuliani said he couldn’t afford 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 troubles for his role in trying to overturn the results of the 2020 election, which helped land him in bankruptcy court. His December bankruptcy filing estimates that he has between $1 million and $10 million in assets and nearly $152 million to repay, including what he is owed to the IRS and law firms.