Jacqueline Laurita Bankruptcy

Jacqueline argues with Teresa - Again!

You know the old adage, It takes one to know one? That pretty much describes Jacqueline Laurita and Teresa Giudice to a tee!

On this week’s episode of Real Housewives Of New Jersey, Jacqueline and Teresa argued over whose bankruptcy is the worstest and who is the most very bad, awful friend.

In her blog, Jacqueline continues to insist that she is like totally operating in reality and is the speaker of the truth, and insists she’s really disappointed she and Teresa, again, found themselves rehashing the past “just like the good old days”!

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jacqueline laurita appears on wwhl

Last month a report came out that Jacqueline Laurita‘s bankruptcy fraud case had been settled for a $1 million dollars. But it turns out – settled?! – not so much! An update reveals that the trustee is seeking more time to investigate. 

I personally have been digging into this story, since we’ve been hearing so many conflicting reports, and the Signature Apparel Bankruptcy fraud case involving Jacqueline, Chris Laurita, and his brother, Joseph is raging on –  no matter how much Jacqueline wants to pretend it’s over and done with!

The Lauritas, the former owners of Signature Apparel, LLC, are accused of misappropriating company funds, to the tune of $8 million, for personal use – including vacations, cars, private jets, homes, and shopping – but then filed bankruptcy in 2009 to avoid paying back debts. At that time Signature Apparel was also boasting millions in revenue. Creditors protested the bankruptcy to the trustee, who after investigation, then filed a claim against the Lauritas, resulting in years of court back and forth for the Real Housewives Of New Jersey stars.

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 jacqueline laurita appears on wwhl

Jacqueline Laurita is returning to Real Housewives Of New Jersey again for the 7th season. Her reason: to finally have a showdown with estranged sister-in-law Dina Manzo!

Man – this a a page right out of the Melissa Gorga playbook! And hella desperate for some TV time

Rumor has it RHONJ season 7 has already started filming so they can capture Teresa Giudice as she heads to prison, and then focus on Joe Giudice as he tries to juggle a life without Teresa. And apparently, Jacqueline has signed on again so she can… talk about Teresa?! I mean, that’s been her storyline for like 4 seasons now, basically ever since Danielle Staub left when Jacqueline’s storyline was to talk about her. 

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jacqueline laurita 2010

Has Jacqueline Laurita finally settled her bankruptcy fraud case?!

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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jacqueline laurita circus

Jacqueline Laurita is in hot water. Again.

Perhaps it’s a good thing Jacqueline left Real Housewives of New Jersey when she did because she certainly wouldn’t want her current legal mess playing out in front of the cameras. Then again, maybe the Bravo powers already have their hands full with Teresa Giudice‘s indictment! 

Jacqueline and husband Chris Laurita have been struggling for a while – they filed bankruptcy related to their former company Signature Apparel, but bankruptcy courts believe the Lauritas intentionally defrauded creditors and spent company proceeds for their own benefit – and they want them to repay $7.8 million dollars to creditors. The Lauritas are contesting this ruling and the case is due to go to trial. 

Then their house fell into foreclosure and there’s also issues with the IRS! Of course, they’re also being sued by Johnny Karagiorgis related to last season’s Posche 2 Brawl

Well things are getting even worse as the Signature Apparel bankruptcy takes another turn.

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If there's one lesson reality stars never seem to learn, it's "don't throw stones from your glass house", especially when said house could go into foreclosure at any moment.  Real Housewives of New Jersey star Jacqueline Laurita may be regretting all the shade she threw at Teresa Giudice about not paying her bills because it looks like Jacqs is facing more financial hot water herself. 

First, there is the pesky business bankruptcy that is ongoing, which Jacqs reportedly has/had to testify for.  Then there was the revelation this week that she owes the state of New Jersey more than $300,000 in back taxes.  It seems that 2013 is continuing to be a rough year for Jacs, as her home is now in pre-foreclosure, reportedly. 

According to Zillow (screen shots below), Jacqueline is in pre-foreclosure on her own Franklin Lakes McMansion.  The Lauritas were allegedly served papers by their bank for being in default on their $1.8 million home loan. 

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Is there anyone from the cast of Real Housewives of New Jersey who isn't embroiled in legal drama?  Kidding!  That is totes a rhetorical question!  Once again, I'm glad I have more sense than money (although given my bank account, that may not be saying much!).  What is it about being rich and on reality television that leads people to make shady decisions?  That question you can answer!

With all of the ladies spewing illegal and scandalous secrets on the reunion, of course we're going to be hearing more and more about these woes in the coming months.  First up is the lawsuit that Jacqueline Laurita and her family are facing.  It ain't pretty, y'all…that's for sure!

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