Creditors are intensifying their efforts to recoup significant debts from former New York City Mayor Rudy Giuliani by targeting his $3.5 million Florida condominium, as disclosed in a recent court filing.
The saga unfolds as Giuliani navigates a bankruptcy proceeding initiated in December, citing an array of unpaid debts — notably a whopping $148 million claim linked to allegations regarding Georgia election poll workers tampering with 2020 ballots — during his tenure as legal counsel for former President Donald Trump.
In response to the latest legal maneuver, Giuliani’s legal team — led by Heath Berger of Berger, Fischoff, Shumer, Wexler & Goodman, LLP — rebuffed the attempt to force the sale of his Florida property, labeling the move as “extremely premature.”
“The case is still in its infancy,” Berger, underlining the ongoing nature of Giuliani’s bankruptcy litigation, told CNBC.
Giuliani contends he lacks the financial means to settle his debts, with his primary income sources cited as Social Security payments and funds from his Individual Retirement Account.
However, court documents reveal Giuliani’s hefty monthly expenses to sustain his Florida abode and over $26,200 on his credit card in January alone for Amazon purchases, Netflix and Uber rides.
“Unfortunately, like everybody else, that’s like a debit card for him,” Berger told the outlet. “We don’t believe that there’s anything out of the ordinary, outside of normal living expenses.”
While Giuliani’s main residence in New York remains protected as it is cited as his primary residence, his Florida property has become a focal point for creditors aiming to recoup what they’re owed, the court filing said, citing Giuliani’s significant presence in the Sunshine State as justification for targeting the condo.
The document stated Giuliani’s spends “approximately 20-30% of his time in Florida,” and therefore creditors claimed the $3.5 million condo must be sold.
Yet, Giuliani’s legal team asserts he’s already in the process of selling his Manhattan apartment, intending to shift his permanent residence to Florida.
However, The Post previously reported that Giuliani has taken his New York home off the market for now. The Post has reached out his reps for clarification.
Despite creditors’ demands for homeowners insurance coverage for both his Florida and New York residences, Giuliani maintains he’s unable to afford such protection.
The specter of legal battles stemming from Giuliani’s involvement in efforts to overturn the 2020 election looms large, contributing to his dire financial straits.
His bankruptcy filing painted a grim picture, estimating assets between $1 million and $10 million, paling in comparison to the towering $152 million debt burden, inclusive of obligations to the IRS and law firms.
