- Creditors are looking to force sale of Giuliani’s Florida home
- Giuliani, in bankruptcy, plans to sell New York condo
Bankrupt former New York mayor Rudolph Giuliani plans to sell his home in Manhattan to repay creditors and then move to his luxury condominium in Florida, his lawyer told a federal judge Thursday.
Giuliani doesn’t have enough money to pay his creditors, including money he owes Georgia poll workers Ruby Freeman and Wandrea’ ArShaye “Shaye” Moss, who won a $148 million verdict against him after he falsely accused them of rigging the 2020 presidential election. So the onetime adviser to former President Donald Trump plans to raise cash by selling his New York home and will relocate to Florida, his attorney Gary Fischoff said.
“He’s not remaining in New York,” Fischoff said during a hearing in the US Bankruptcy Court for the Southern District of New York.
But creditors are seeking to force Giuliani to also sell the Palm Beach residence, estimated to be worth $3.5 million, saying its monthly costs are draining his assets. US Bankruptcy Judge Sean Lane didn’t rule on the creditors’ motion to force the sale during Thursday’s hearing, but said they were advancing a “challenging legal position” in arguing that bankruptcy law authorizes creditors to compel a debtor to sell property.
Giuliani has reported that the condo costs $8,000 per month. Fischoff said Thursday that those payments were coming out of funds that aren’t part of Giuliani’s estate.
But creditor attorney Rachel Biblo Block, of Akin Gump Strauss Hauer & Feld LLP, said the condo has been costing about $30,000 a month in fees in expenses.
Creditor lawyers have previously said the Florida condo isn’t subject to the state’s homestead exemption that protects a debtor from being forced to sell a home in bankruptcy.
Giuliani is represented by Berger Fischoff Shumer Wexler & Goodman LLP. The committee is represented by Akin Gump Strauss Hauer & Feld LLP.
The case is Rudolph W. Giuliani, Bankr. S.D.N.Y., No. 23-12055-shl, 4/4/24.
Jonathan Randles contributed reporting.
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