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Home High profile The judge overseeing Rudy Giuliani's bankruptcy case hinted that more severe requests may come from creditors as they pursue his Florida condo, following the refusal to force him to sell it immediately

The judge overseeing Rudy Giuliani's bankruptcy case hinted that more severe requests may come from creditors as they pursue his Florida condo, following the refusal to force him to sell it immediately

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The judge in charge of Rudy Giuliani’s bankruptcy said he can keep his condo for now but also said that things are probably going to get worse.

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Former Mayor of New York Rudy Giuliani leaves the federal courthouse in Washington, Monday, Dec. 11, 2023. The trial will determine how much Rudy Giuliani will have to pay two Georgia election workers who he falsely accused of fraud while pushing President Donald Trump's baseless claims after he lost the 2020 election. (AP Photo/Jose Luis Magana)

Rudy Giuliani (AP Photo/Jose Luis Magana)

The judge in charge of Rudy Giuliani’s bankruptcy case provided a temporary relief by not making an immediate decision on whether the former New York City mayor should sell his million-dollar Florida condo. However, the judge also cautioned that the situation could worsen in the future.

Before a Thursday hearing, Giuliani requested U.S. Bankruptcy Judge Sean Lane to not compel him to sell the condo while he appeals the $148 million Georgia election workers defamation judgment that led to his bankruptcy. Giuliani has argued that the judgment was “unreasonable on its face” and has expressed doubts about Ruby Freeman and Shaye Moss suffering any damages. expressed doubts that Ruby Freeman and Shaye Moss suffered “any” damages.

Giuliani asserted that forcing him to sell the Florida condo now, when he believes the judgment may be significantly reduced on appeal, would cause him irreparable harm. He also mentioned his agreement to sell his Manhattan property and his plans to use the Florida condo to increase his broadcast income, benefiting creditors.

While Lane didn't mandate Giuliani to sell the Florida property, Reuters reported that the bankruptcy judge ominously predicted that lawyers representing the Official Committee of Unsecured Creditors could make aggressive requests in the future. reported The bankruptcy judge ominously forecasted that lawyers representing the Official Committee of Unsecured Creditors could make aggressive requests at a later stage, potentially pursuing Giuliani's assets through other means.

“The debtor may succeed in fending off this motion, only to be faced with far more draconian requests for relief in the future,” he reportedly said, warning that Giuliani’s assets may be pursued through other means. reported Reuters also mentioned that the judge indicated the committee may seek the appointment of a Chapter 11 bankruptcy trustee, who would manage Giuliani’s financial affairs and have the power to propose a reorganization plan for his assets. that is, a trustee who would “manage the affairs of the debtor and make all decisions” about Giuliani’s property and has the power to “propose a plan of reorganization.”

“This is a warning shot across the bow,” the judge reportedly told Giuliani, urging him to “promptly” clarify in detail the state of his finances.

The judge's warnings about the committee appointed to represent those Giuliani owes assuming a more aggressive posture after the court's decision not to immediately rule on the Florida condo issue seems to have some support, presenting a temporary win for Giuliani.

The committee, frustrated by delay tactics in early March, told the judge it was pursuing documents on the “nature of any legal services” that Giuliani “performed, or continue[s] to perform” for former President Donald Trump. Additionally, the committee demanded documents and communications showing Giuliani’s earnings from media appearances, including on cable TV, radio, and various platforms.

The lawyers for the people who are owed money complained that Giuliani has a history of making it hard to understand his finances and not following the rules for finding out information. They said this might happen again in the future. as it did in the Freeman case that led to the bankruptcy proceedings. They claimed that several Giuliani asset disclosures were not complete or did not match with each other, either because they were not clear or because the value was different (including for New York Yankees World Series rings).

“Also, up to now in the Chapter 11 Case, Giuliani and his lawyer have been, at best, slow to give the group that is owed money the things they asked for about Giuliani’s assets and money situation, and what Giuliani has said about his money so far in this case has not been enough,” the group said.

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