Rudy Giuliani, the former mayor of New York City, has found himself in a pickle.
After being ordered to pay a substantial sum of $148 million to two former Georgia election workers for making false statements about their involvement in the 2020 election, Giuliani was forced to declare bankruptcy in December.
Now, as his creditors seek to recoup what they are owed, Giuliani is facing the possibility of losing his Florida condo, valued at around $3.5 million. While his creditors argue that he is spending money on the condo that should be going towards repaying his debts, Giuliani maintains that he needs the property to continue recording his podcast and that finding a new place to live in New York would be prohibitively expensive.
At a recent hearing, Judge Sean Lane recognized the significant concerns raised by Giuliani’s creditors but opted not to force the sale of the condo at this time. However, the judge did suggest that more severe measures, such as appointing a trustee to oversee Giuliani’s finances, could be taken if he fails to cooperate and provide information about his spending habits.
Giuliani’s creditors represent a varied group of individuals and entities, including a supermarket employee who faced legal trouble, two election technology companies that were the subject of false statements, a woman alleging coercion, former attorneys, the Internal Revenue Service, and President Joe Biden’s son Hunter. Each of these creditors believes they are entitled to a portion of Giuliani’s limited assets, which include approximately $15,000 in cash and $1 million in a retirement account.
The next hearing, scheduled for May 14, may provide further insight into the future of his Florida condo and his finances at large.
The Associated Press contributed to this article.