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Florida Condo

All articles tagged with #florida condo

legalfinancial1 year ago•2 min saved

"Judge Allows Rudy Giuliani to Keep Florida Condo Despite Spending Concerns"

A New York bankruptcy judge declined to rule on a motion to force Rudy Giuliani to sell his $3.5 million Florida condo, despite concerns about his spending habits and the significant amount of money he has put into the property since declaring bankruptcy in December. Giuliani's diverse coalition of creditors, including a supermarket employee, elections technology companies, and the IRS, are seeking payment. The judge hinted at potential "draconian" measures if Giuliani does not comply with information requests about his spending habits, with the next hearing scheduled for May 14th.

via The Associated Press|

#bankruptcy #creditors #florida-condo

legalfinancial-dispute1 year ago•2 min saved

"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.

via Yahoo! Voices|

#bankruptcy #court-hearing #creditors

legalfinancial1 year ago•1 min saved

"Creditors Push for Sale of Giuliani's $3.5M Florida Condo to Settle Debts"

The Official Committee of Unsecured Creditors has filed a motion in bankruptcy court to compel Rudy Giuliani to sell his $3.5 million Florida condo to help settle his debts, including the $148 million he was ordered to pay for defaming two election workers. The creditors argue that the condo is a non-exempt asset and that Giuliani has no credible argument to keep it. They are also seeking to make him obtain homeowners' insurance for his properties. Giuliani, who filed for bankruptcy in December, has not responded to the filing.

via The Daily Beast|

#bankruptcy #creditors #defamation-case

legalfinancial1 year ago•2 min saved

Rudy Giuliani Pressured to Sell Florida Condo by Creditors

Rudy Giuliani's creditors are seeking to compel him to sell his Florida condo to pay off his debts, as they argue that holding onto the property is draining estate resources. The Committee of Unsecured Creditors has filed a motion in bankruptcy court to force Giuliani to sell the condo, which he valued at $3.5m, and obtain homeowner's insurance for both his Florida and Manhattan properties. The committee is also considering compelling Giuliani to sue Donald Trump for alleged unpaid legal fees, as Giuliani filed for Chapter 11 bankruptcy in December 2023 after a defamation verdict ordered him to pay over $148m to election workers in Georgia.

via The Independent|

#bankruptcy #creditors #debts

politics1 year ago•2 min saved

"Creditors Push for Sale of Rudy Giuliani's $3.5M Florida Condo to Settle Debts"

Creditors are pushing for Rudy Giuliani to sell his $3.5 million Florida condo to help pay off his significant debts, which include a $148 million payment to two Georgia election poll workers. Giuliani's counsel argues that it's premature to request the sale, as the bankruptcy case is still in its early stages. Giuliani, who claims he lacks the funds to pay his debts, primarily relies on Social Security payments and income from his IRA. Creditors also demand that he secure homeowners insurance for his Florida and New York City residences, which are his most valuable assets.

via CNBC|

#bankruptcy #creditors #debts