Rudy Giuliani slammed for saying he shouldn't be forced to sell $3.5M Florida condo in bankruptcy case

MANHATTAN, NEW YORK: The embattled former New York City Mayor Rudy Giuliani filed papers on Thursday, March 28, opposing a group of creditors' bid to recuperate their debts in his Chapter 11 bankruptcy case.

Specifically, the creditors are seeking to force him to sell his $3.5 million Palm Beach condo, as per the New York Post.

However, Giuliani's legal team argues that he should be allowed to keep the property, as he intends to use it as his primary residence after selling his Manhattan apartment. 

In the papers filed in Manhattan federal bankruptcy court, his attorneys also claim that he seeks to utilize the Palm Beach home as a studio to produce podcasts and "grow his broadcast income."

By using his own property, Giuliani will save on the cost of renting a studio space, allowing him to keep more of his income. The filing further notes that the former mayor of New York City is already in the process of selling his East 66th Street apartment in Manhattan.

The court will now have to decide whether to allow Giuliani to keep the property or to force him to sell it as part of his bankruptcy case.

Rudy Giuliani says he 'could be irreparably harmed' if the Florida residence is sold before an appeal in the Freeman judgment is heard

According to statements made by Giuliani's lawyers, the former mayor is solely dependent on Social Security benefits and earnings generated from his shows.

The 79-year-old is burdened by a significant amount of debt, including a staggering $148 million civil judgment that he has been ordered to pay to two former Georgia election workers.

In the case, Giuliani was held liable for defamatory remarks made against mother and daughter Ruby Freeman and Shay Moss, both of whom were wrongfully accused of engaging in voter fraud in Fulton County during the 2020 presidential election.

Despite being known as "America's Mayor" for his exemplary leadership during the September 11, 2001, terrorist attack, Giuliani's current financial situation is precarious.

Although he has expressed optimism that he may win an appeal of the judgment or at least have it significantly reduced, he has refrained from selling his Palm Beach property explaining that it would be "premature" for him to do so.

"It appears that the Committee [on Unsecured Creditors] is assuming that most if not all of the Freeman judgment will survive on appeal, and is proceeding as if all of the [Giuliani’s] assets need to be liquidated now to satisfy a potentially inflated claim," read the court filings.

But Giuliani "could be irreparably harmed if the Florida residence is sold and later it turns out that the Freeman judgment is vacated." 

The creditors claim the former New York City mayor is using "reckless abandon and improper judgment" in his bid to keep the Palm Beach property. However, his lawyers argued that their client had a "valid business justification" for keeping the property.

Additionally, they pointed out that the Manhattan apartment would soon be listed for $5 million on Sotheby's, which would "significantly" reduce his monthly expenses.

In February, Giuliani contended in the bankruptcy case that the Trump 2020 campaign and the Republican National Committee still owed him $2 million in legal costs for his efforts disputing Donald Trump's election loss.

Currently, both Giuliani and Trump are facing criminal charges for allegedly attempting to overturn Georgia's 2020 election results.

Internet tears into Rudy Giuliani for saying it would be 'premature' for him to sell his $3.5M Florida home

One remarked, "Nope! Pay Ms Freeman & daughter!" Another said, "Sorry old man @RudyGiuliani, that's now how it works."

"force it all and go get more if he doesn’t have the money to pay, take all of his belongings," declared a person, while someone else added, "RUDY WAS VERY NASTY TO MANY ON THE WAY UP.. ON THE WAY NOW ITS SO FUN WATCHING HIM CRY!"

An individual stated, "Sell it and live in your car." "Rudy these are the least of your problems… You’re going to prison. You will be well taken care of… We promise," opined one more. 

A netizen simply said, "Lies have consequences."

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.