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Photo: Drew Angerer/Getty

How much money is Rudy Giuliani worth? Ever since he filed for bankruptcy after a judge ruled last December that he owed two former Georgia election workers $148 million in damages as part of their defamation-suit victory, that has been the open question. (He claimed to have only $1 million to $10 million in assets and $153 million in debts.) Now we may never know. After months of spending tons of money while claiming he has no money, a judge dismissed his bankruptcy case, but Giuliani’s lawyers claimed he couldn’t even pay the fees he owed to his creditors’s financial adviser, a basic condition of closing the case. The latest chapter in this saga has concluded with the former mayor agreeing to a last-minute deal to pay off the $400,000 he owes to the adviser. He’ll have to pay $100,000 in cash up front and then pay the rest in profits from a sale of either his Upper East Side apartment or his Florida condo. (The judge still has to sign off on the agreement.)

The stately living room of Rudy Giuliani’s apartment featured in this listing photo is a great place to record a Cameo if you’re strapped for cash.
Photo: Sothebys

Which one will sell first? Giuliani listed his three-bedroom, three-bathroom Upper East Side apartment last year for $6.5 million with the price dropping to $5.7 million earlier this year. Locationwise, it’s just steps from Central Park, and its rooms, while dated, include a wood-paneled library and a grand dining room with a conservatory — all of it suitable for a mayor but perhaps too grandiose for a podcast host. So far, he hasn’t been forced to list the two-bedroom lakefront Palm Beach condo he plans to live in full time, but it’s estimated to be worth around $3.5 million. (Giuliani’s lawyer wrote in a motion in March, “Surely the committee does not intend the debtor to join the ranks of the homeless?”) The new deal allows Giuliani to avoid testifying under oath about his finances, but it doesn’t absolve him of the roughly $540,000 he owes the IRS in back taxes or the multiple legal debts he’s still on the hook for. With the bankruptcy case settled, the former election workers, Ruby Freeman and Shaye Moss, will now be able to move forward in the D.C. court system to seek the $148 million they are still owed. And Giuliani will have to hunker down in whatever multimillion-dollar property he has left and appeal — or figure out more ways (perhaps more profitable than coffee) to make up the rest of what he owes.

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This article was originally published by a www.curbed.com . Read the Original article here. .

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