Legalfinancial Dispute News

"Judge Issues Warning to Giuliani in Florida Condo Dispute"

A U.S. bankruptcy judge warned Rudy Giuliani about a potential "pyrrhic victory" in a dispute over whether he should sell his $3.5 million Florida condo, encouraging him and the creditors to work out a compromise. The judge cautioned that creditors may escalate their efforts to control Giuliani's bankruptcy if their current request is denied, potentially leading to more extreme bankruptcy remedies. Giuliani filed for Chapter 11 protection after being found to have defamed two former Georgia election workers and faces a $148 million defamation judgment. The creditors argue that Giuliani will not have enough money to pay all of them and keep a luxury home in Florida, while expressing concern about the high maintenance costs at the property.