Jacqueline, who together with her husband Chris Laurita, filed for bankruptcy via their company Signature Apparel Group in 2009 but creditors accused them of knowingly defrauding creditors while spending a whole buncha so-called company money on themselves. As a result they were sued for $7.8 million dollars. According to reports the couple has now settled the lawsuit to their bankruptcy creditors and if approved by a judge their bankruptcy is over!
Court documents stipulate that Jacqueline, Chris, and a few other siblings including Chris’ brother Joseph, “agree to pay the total gross sum of One Million Dollars ($1,000,000.00)” to the plaintiff.
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IF the judge signs off on the latest agreement the Real Housewives Of New Jersey stars will immediately need to hand over $100,000 “then be responsible for periodic payments of $112,500 through September 2016,” states Radar Online. This agreement comes just weeks before the bankruptcy fraud case was due to go to trial. Last month the couple was accused of attempting to delay trial to avoid settling their debts.
According to the story, if the judge signs off on the agreement the Lauritas have also admitted to no wrongdoing in their filing, meaning they are stating they did not intentionally file bankruptcy fraudulently.
Jacqueline has recently admitted her financial problems on RHONJ. The couple is attempting to sell their mansion after falling into foreclosure (and coming up to date on their mortgage). They recently dropped the price. And they are also dealing with the IRS.
Hmmm… these bankruptcies can be tricky. Remember when we though Teresa Giudice had “settled” hers? We’ll continue digging for more concrete information, because this all sounds just a bit too simple given the circumstances!
TELL US – DO YOU THINK JACQUELINE’S BANKRUPTCY WAS SETTLED FAIRLY?
[Photo Credit: WENN]