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Sonja Morgan Bankruptcy

sonja morgan black turtleneck ok magazine party

While juggling her 62 zillion businesses (Alpine cross-country spiderwebbing underwater basket weaving and perfume making t-shirt club, anyone?!) and her 700 interns, Sonja Morgan is also dealing with her never-ending bankruptcy. Which seemingly will never end. 

After liquidating (or having a trustee liquidate?) her wild-boar infested St. Tropez property, and attempting to sell her Colorado home, Sonja is now desperately trying to hang onto her NYC town home without selling it to satisfy her multi-million dollar judgement

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sonja morgan red silk dress

Sonja Morgan wants everyone to know that the former Mrs. Morgan is still rolling in the dough, despite also rolling in the deep – deep debt that is!

She also accuses her Real Housewives of New York co-stars of “exploiting” her financial woes for a storyline and making things appear far graver than they are.

Are we sure about that? Because Sonja’s situation appears pretty grim based on reports – she owes $7 million dollars in a movie deal gone bust and her creditors accused her of hiding assets and stalling last year. And this year her St. Tropez home was sold by bankruptcy trustees after Sonja was dragging her feet in liquidating it herself. Still Sonja maintains that her finances are fine – just undergoing a bit of rearranging!

“Broke as a joke?! I am in a Chapter 11 reorganization, I am not in a Chapter 7 which is a liquidation,” Sonja insists. “To say I am broke while I am working and my daughter [Quincy, 13] is thriving under such immense pressure is unfair.”

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Sonja Morgan Delusional

Sonja Morgan's bankruptcy is much worse than she wants it to appear. When Ramona Singer expressed concern that Sonja's assets were being seized and sold by a bankruptcy trustee, she wasn't kidding! 

This week the Real Housewives of New York star lost her fabulous St. Tropez home when the bankruptcy trustee demanded it be sold to discharge her debts. Sonja acquired the property in her divorce settlement. 

Trying to keep up the charade, Sonja has been claiming that she actually sold the property but court papers prove otherwise! Sonja was attempting to liquidate the property for $8 million to settle the $7 million dollar judgment against her, but it failed to sell. The court then decided she wasn't making a serious effort and took matters into their own hands.

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1st Annual Voss Foundation Benefit

So it seems lies are being spun left and right – or at least stories drastically changed! Heather Thomson had a 10-year anniversary party on this week's episode of Real Housewives of New York and after all her issues with Aviva Drescher decided not to invite her.

The slight soooo affronted Ramona Singer and Sonja Morgan they were seen telling Aviva they would boycott the party in support of her. This was after both Sonja and Ramona had RSVP'd that they would attend!

Now both Sonja and Ramona are claiming their lack of attendance had absolutely nothing to do with Aviva, but other issues arose in their lives. Ramona claims she wanted to spend the weekend with Avery who was leaving for school, and Sonja tells Page Six she was actually in France at the time! Ummmm… 

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'Stand Up For A Cure' event at The Theater

Sonja Morgan is desperately trying to remedy her financial situation to avoid Chapter 11 bankruptcy, however it might be too late! 

The latest in a string of bad financial news for the Real Housewives of New York star is that a U.S. Bankruptcy Judge has signed off on an agreement to escalate her bankruptcy and appoint a trustee. 

Sonja has been attempting to liquidate several luxury multi-million dollar properties, including her NYC townhome, her Colorado ski home, and just recently a St. Tropez vacation home in an effort to repay a $7 million dollar debt related to a failed movie production deal. 

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'Stand Up For A Cure' event at The Theater

Despite the long hiatus in filming Real Housewives of New York it's nice to know LuAnn de Lesseps is just as delusional as ever! 

The Countess No More admits she is still battling with Bravo about re-signing for the sixth season and advises the network that they better recognize her worth! 

“I’ve been an instrumental character on the show from the beginning, so I want to be a part of the new season,” LuAnn shares with In Touch. “I’ve been from the beginning and I love it.” And for her dedication LuAnn expects compensation. Other reports claim LuAnn was willing to accept a pay cut in exchange for returning to the show!

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Tonight, the fourth season of the Real Housewives of New York City comes to an end as the finale airs on Bravo at 10/9c!

To close out the Bethenny-less season, LuAnn plans for a big anniversary celebration for her 1-year relationship (with perhaps a guest appearance from Natalie Cole), and gasp — 53-year-old Ramona Singer is potentially celebrating something much bigger, another baby! Riiiight. But before the ladies get too Ramotional about this, Ramona will need to confirm that she is in fact pregnant and discuss this with husband Mario. Is Ramona really pregnant and how will the others react to the (maybe) big news? A preview clip is below!

And just in case you’re one of the two people wondering, Ramona is definitely NOT pregnant!

Watch What Happens Live - The guests tonight are Sonja Morgan, and Countess LuAnn de Lesseps who will be performing. Andy Cohen also promises Sonja will perform her burlesque live on the show.

Meanwhile Kelly Bensimon continues to prove she’s still as cra cra as ever! Days after telling E! News she missed Bethenny Frankel on the RHONY, Kelly is now taking back what she said in a new interview.

While taking to the Boston Herald, they brought up her E! interview during which Kelly had a different take on things. “They asked if I missed Bethenny,” Kelly said of her chat with E!. “Do the viewers miss her? The viewers miss the altercations. I miss my kids when I’m away, not a castmate. But I wish her well.” Allrighty.

In other NYC news, apparently Sonja Morgan enjoys a bargain. In an interview with In Touch, Sonja doesn’t discuss her impending financial meltdown, but she does make herself appear more down-to-earth and approachable by talking about her tips for living in this unstable economy.

Sonja relates to the common man by saying, “As a ‘Housewife’ in the chain of [Bravo] TV shows, I think that we all respect what’s going on in America right now. A lot of people are going through financial distress. We’re all struggling to work and take care of our families.” I honestly agree with her, but I think she lost a lot of credibility by implying that the majority of Bravo housewives respect what many Americans are facing. And the saddest part? There are a lot of reality television housewives that are facing foreclosure and other major hardships, but yet they don’t appear to change their lavish lifestyles, making it hard for non-Bravo employed (actual) real housewives to relate.

While Sonja struggles with bankruptcy, potentially losing her home, and a bitter divorce battle, she does recognize that when times change, people must adapt–and she isn’t above that. Sonja explains, “Things change when you are doing it alone. You can’t fire up the Viking and set the table for five people anymore. Now I have toaster oven dinners… and I don’t have to scrub pots and pans after, either!”

THOUGHTS ON THE SEASON FINALE? WHAT DO YOU THINK OF KELLY’S CHANGE OF HEART? RAMONA’S POTENTIAL PREGNANCY SCARE?

Quincy Morgan

We all know Sonja Morgan as the flamboyant, confident, fur hat with yoga clothes wearing housewife who has a taste for luxury on The Real Housewives of New York. Sonja, whose money struggles has been highlighted this season, is now opening up on her unfavorable situation and what she plans to do to get out of it.

Sonja, who was forced to file Chapter 11 bankruptcy after being sued for a failed movie venture, reveals to the NY Post that her never-ending divorce is adding to her financial troubles. She states, “I’m sure the world thinks, ‘Sonja doesn’t have to worry, she’s got that husband there for her.’ But I’m on my own.” The absent husband she is referring to is her ex, 80-year-old John Adams Morgan, who, according to court papers filed by Sonja, owes her a $3 million divorce judgment and over $300,000 in alimony.

Sonja, 47, also claims that her ex-husband, whose family tree includes J.P. Morgan and President John Adams, has prohibited her from using, visiting or selling the properties the couple still co-owns. For someone who lives on his own private $19 million island, Sonja feels her ex is being a tad stingy. Because the divorce remains unsettled, Sonja fears she will have to sell her $6 million Upper East Side home featured on RHONY. Through his attorney, Adams Morgan tells his reason for the delay in payment. He believes the divorce judgment exceeds the amount he promised to pay in pre and post-nuptial agreements, and he is appealing the judge’s order.

A source also tells E! News that Sonja, who earns $275,000 a year from RHONY, is “devastated” and hoping she can keep the home for her daughter. “She wants to sell it back to her ex husband, so she can make that money off it and her daughter can live there, but he’s refusing. She wants to keep it for her daughter, but it seems she’ll have to sell it and lose it altogether,” states the source.

Meanwhile, Sonja has a plan to get back on track financially, and that plan includes emulating former Housewife cast member Bethenny Frankel. Sonja tells Popeater, “I’ll be like Bethenny. I’ll do the deals first, then the baby, then get married. Bethenny is funny as hell. I enjoyed my time with her. I’m going to be on E! Hollywood Story for Bethenny. She’s one smart cookie, and I’m following right behind her.”

Sonja also opens up about the business deals that added to her money woes. “I woke up one morning and decided to be a movie producer. I put a slate of five movies together, and I started Sonja Productions. I had a movie come out with Forrest Whittaker and Gabrielle Anwar, and we got two awards, and it was on a roll. And then one of my movie deals, it was one big misunderstanding, and then they sued me and I wasn’t adequately represented, and I lost. That’s ok I’m a survivor. I’ll be fine. I’ll take care of Sonja. What goes around comes around, and the universe always gives back. And I’m such a giver.”

Of course, as we all know, where Bethenny made her fortune from Skinnygirl, Sonja is hoping to do the same with toaster ovens. More power to you, Sonja! Sonja is pictured above with her daughter Quincy Morgan at the June 29 World premiere of Cirque du Soleil ‘Zarkana.

Photo credit: Joseph Marzullo/Wenn.com

UPDATE – Photos of John Adams Morgan below -

WHAT DO YOU THINK OF SONJA’S MONEY WOES? WILL SHE BE THE NEXT BETHENNY FRANKEL?

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