Creditors are coming after Rudy Giuliani's $3.5 million Florida condo in bankruptcy filing

[BumRushDaShow]

Source: Business Insider

Mar 16, 2024, 12:19 AM EDT


Rudy Giuliani may have to sell off his Palm Beach, Florida home — his second most valuable reported asset, creditors said — to help settle his debts in bankruptcy court. Giuliani, who filed for Chapter 11 bankruptcy, owns two residences, per a Friday filing in federal court.

One is his $6.5 million primary apartment in New York, which Giuliani had put up for sale last summer but took off the market in February. Per court filings, Giuliani's New York apartment is an exempt asset because it is his main residence. Then there is his $3.5 million Florida condo, which is not exempt.

Creditors, who describe the condo as a "luxury building with amenities such as a resort style pool and outdoor lounge area," said the building is key to helping Giuliani satisfy their claims because he insists he has so few assets. The filing was first reported by Politico's Kyle Cheney.

On several occasions, the Debtor has emphasized his limited assets available for distribution to creditors — according to the Debtor's counsel, 'there's no pot of gold at the end of the rainbow,'" the filing said. Even if he does try to say that he is entitled to live in Florida, creditors wrote, his argument falls apart because Giuliani has previously told the court he spends most of his time in New York City.


Read more: https://www.businessinsider.com/rudy-giuliani-sell-3-5-million-florida-condo-creditors-2024-3

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[marble falls]

1. Poor little Rudy. At least he won't need to worry about when he's going south next winter.

[samplegirl]

2. Good make than con

live on the streets!

[dutch777]

3. I have an old camping tent and supplies in the garage. I should send them to him.

[riversedge]

14. I have a very old camping stove--still works-that he can have. Actually

I want to get a newer model this summer. But beggar's can't be choosy!!

[Hermit-The-Prog]

4. traitortrump should pay close attention.

[Scrivener7]

5. Well... one would hope so!

[SKKY]

6. It's amazing to me how far he has fallen...

...and seemingly unable to get off this runaway train that his life has become. He reminds me of Bradley Cooper's character in the movie "Nightmare Alley".

[ArkansasDemocrat1]

7. I enjoyed that one

[brewens]

8. Rudy is one of the more embarrassing parts of the response to 9/11. Elevating him and Bernard Kerik

above sleazebags was a national disgrace. Rudy was already a demented, crooked little alcohol junkie before then.

[electric_blue68]

13. did he have an alcohol problem pre 9-11?...

As a born & bred NYC'r I don't remember that. 🤔

I disliked him already because 🤬 he attended, and egged on the police who were having a City Hall rally against then Mayor Dinkins.

[AverageOldGuy]

9. I could . . .

. . . put heat, a/c, running water, and insulation in my garden shed, he could live there if he'd mow the lawn and clear snow.

[riversedge]

11. Well, hope it would have a bathroom also?? Anyone would move in with all that for those

few chores [of could a person would have to be able to do them}.
Bathroom--at least a shower and toilet.

[riversedge]

10. I read awhile ago the Trump owes him lawyer money fees but have not seen anything

about that yet.

[GregariousGroundhog]

12. Why is his $6.5 million dollar apartment exempt?

I thought New York limited the homestead exemption to something in the $100,000-$200,000 ballpark depending on which county it was located in?

[marble falls]

15. Someone tell Spanky to pay attention.