The federal judge overseeing disgraced landscaping company promoter Rudy Giuliani’s bankruptcy warned the suspended Trump lawyer that prevailing in a creditors’ motion to force him to sell his $3.5 million Florida condo would lead to “far more draconian requests for relief in the future,” Reuters reports.
Saying he could achieve a “pyrrhic victory” by temporarily holding on to the Florida property, US Bankruptcy Judge Sean Lane told Giuliani, “This is a warning shot across the bow,” and that his creditors would be more stringent and less likely to negotiate with Giuliani on future terms.
After a $148 million defamation to two Georgia election workers, Giuliani declared bankruptcy claiming assets of less than $10 million with debts between $100- and $500 million. Giuliani says he intends to sell his Manhattan apartment, which was initially put on the market since last August for $6.5 million, does not currently have an active listing, and move to his Florida condo.