Following the news that Sonja Morgan of the Real Housewives of New York City filed for bankruptcy last week, to the tune of $19.8 million in debt, her costars are now rallying behind her and voicing their support.
Alex McCord showed her support by choosing to stay silent on the issue. “The first person to speak about [the bankruptcy] has to be Sonja,” said Alex. “We love her and adore her and … we’re going to support her by being silent.”
As we reported last Wednesday, Sonja filed for Chapter 11 bankruptcy, listing her debt at $19.8 million and her assets at $13.5 million. In the court filing, Sonja blamed a bitter divorce dispute and a failed venture to make a movie with John Travolta. Her production company lost $7 million in a lawsuit filed by the picture company.
“My current monthly income including support is about $26,000 per month,” Sonja stated in her filing. “And I expect this income to improve as new opportunities materialize.”
There are some questions about the difference between Sonja’s bankruptcy (Chapter 11) and Teresa Giudice’s bankruptcy (Chapter 7). Unlike Chapter 7, Chapter 11 bankruptcy doesn’t get rid of one’s debts. It is simply to restructure and change the terms of the debt and make plans to pay it back continuously through future earnings. So in actuality, there is a major difference between what Teresa did and what Sonja is trying to do.
TELL US – WHAT ARE YOUR THOUGHTS ON ALEX & RAMONA’S COMMENTS? PLUS SONJA’S FILING?