Real Housewives, Real Bankruptcies

Real Real Bankruptcies ouьелойеs Do you ever flip to Bravo and think that these people shouldn't be spending that kind of money in this kind of economy? Yes? Well, if you haven't heard, they really shouldn't. co Sonja Morgan ☺ Ex-wife of a J.P. Morgan descendent turned "Real Housewife," Sonja has reported that the bankruptcy left her "heartbroken,“ and that her Upper East Side townhouse means everything to her. Show: P New York Date and Type of Bankruptcy: X November 17, 2010 | Chapter 11 Owes: $19.8 million $7 million of that will go to Hannibal Pictures for a film that was supposed to star John Travolta. Leading Causes behind Bankruptcy: Assets: Income: X $13.5 million X Poor business and money $26,000 decisions X $6 million Upper East Side Townhouse Lengthy unsettled divorce Imonth O Teresa and Joe Giudice O Two scarily tanned people living way beyond their means. Show: 121 New Jersey Date and Type of Bankruptcy: X October 2009 | Chapter 7 Owes $10,853,648.04 (It's that $.04 that will break them) Income $79,000/year salary +$120,000 in "assistance" from family eneblers members =$199,000 Leading Cause Behind Bankruptcy: X Insanely extravagant spending habits $104,000 $1,280 $2.6 million in credit debt monthly payment on a Cadillac Escalade 8 mortgages for 3 homes $5.8 million $85,600 $12,000 in business investments for home repairs for fertility treatments $2,300 for phone bill c Michaele and Tareq Salahi Infamous for gate crashing at the White House, the Salahis declared bankruptcy in relation to a family winery, and lost a couple of expensive vehicles. Several lawsuits are also tied to the couple. Show: P Washington D.C Date and Type of Bankruptcy: X 2009 X Chapter 11 Owes $1 Million Repossessions 2004 Aston Martin Carver 350 Mariner Boat $150,000 $90,000 Leading Cause Behind Bankruptcy: X Carrying on an extravagant lifestyle while handling a hefty business bankruptcy. Sources Ttotal bankruptcy [1] http://www.nypost.com/p/pagesix/judge_socks_it_to_broke_sonja_z6XGbVkyZy2Y5WobU®vFrJ [2] http://www.nypost.com/p/news/local/deadbeat_reality_8f3qwDPV2oY8s9N51fL821 [3] http://topics.nytimes.com/top/reference/timestopics/people/s/michaele_salahi/index.html