(C) Daily Kos
This story was originally published by Daily Kos and is unaltered.
 . . . . . . . . . .



Rudy G. Will Need to Live in One of His Other FIVE Homes, because NYC Apt. Going up for Auction [1]

['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']

Date: 2024-06-09  

Former Mayor of New York Rudy Giuliani speaks to reporters as he leaves his apartment building in New York, Wednesday, Aug. 23, 2023. (AP Photo/Seth Wenig)

Calling the request “a sound exercise of business judgment,” the judge in Rudy Giuliani’s bankruptcy case allowed the debtor to hire Sotheby’s International Realty to put the former mayor’s multimillion-dollar NYC apartment up for sale.

U.S. Bankruptcy Judge Sean Lane issued the order Friday, writing that he was additionally “satisfied” that Giuliani’s request was “otherwise in the best interests” of his estate.

In May, Giuliani lawyer Heath Berger filed an application asserting that Sotheby’s and a top real estate broker known for the sales of “premier and super-luxury residences and apartments” were more than well-qualified to market the debtor’s posh Manhattan digs as his various creditors look to collect.

“Given the value of the Residence, sale of the Residence cannot be achieved without the retention of a highly sophisticated and experienced broker to market and sell the Residence,” the Giuliani filing said. “Thus, the retention of Sotheby’s and the compensation structure proposed herein is reasonable and easily meets the business judgment test.”

More Law&Crime coverage: Pro-Trump network Newsmax faces subpoena for documents as bankruptcy lawyers deepen probe of Rudy Giuliani’s finances

Judge Lane agreed and issued a series of orders regarding what Sotheby’s will and won’t be required to do on its end as the Chapter 11 bankruptcy proceedings continue.

One of the requirements is weekly updates for the court and Giuliani’s creditors on potential buyers’ interest in the property.

[END]
---
[1] Url: https://www.dailykos.com/stories/2024/6/9/2245651/-Rudy-G-Will-Need-to-Live-in-One-of-His-5-Other-Homes-because-NYC-Apt-Going-up-for-Auction?pm_campaign=front_page&pm_source=trending&pm_medium=web

Published and (C) by Daily Kos
Content appears here under this condition or license: Site content may be used for any purpose without permission unless otherwise specified.

via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/dailykos/