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Sonja Morgan Bankruptcy

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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?

More bad news for Real Housewives of New York City star Sonja Morgan.

On Friday, the United States Court of Appeals upheld a $7 million judgment against her, holding her personally liable for fraudulent conduct.

The original ruling came last year after Hannibal Pictures and its owner Richard Rionda del Castro sued Sonja for reneging on a deal she signed. Sonja had agreed to fund the movie “Fast Flash to Bang Time” (yes that’s the actual name of the movie) which was to feature John Travolta, only to pull out of the financing deal causing the movie not to be made.

“With the confirmation by one of the highest Courts of our country, the masks are falling and there is no longer any doubt that we were defrauded and severely damaged. We are now going to collect to the fullest extent of the law,” said Hannibal’s Rionda del Castro in a statement.

Sonja filed for bankruptcy last November, claiming the movie was never made because its planned star, Travolta, needed “various conditions” that her company, Sonja Productions, couldn’t provide.

In the Chapter 11 filing, Sonja listed her debt at $19.8 million with over $13.5 million in assets.

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.

At a recent GLAAD event in NYC, PEOPLE magazine spoke to Ramona Singer who stated that Sonja will “be fine.” Ramona added, “She’s a great girl.”

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?

While the news of another Bravo housewife filing bankruptcy isn’t all that shocking, the fact that the housewife is Sonja Morgan is however a tad surprising.

The Wall Street Journal is reporting that the Real Housewives of New York City star filed for Chapter 11 bankruptcy protection today in Manhattan.

Sonja listed her debt at $19.8 million with over $13.5 million in assets on the bankruptcy petition. “The decision to seek bankruptcy relief was not an easy one, but unfortunately, I am at a crossroads in my life,” said Sonja in the court papers.

But perhaps this situation is a bit different than that of NJ Housewife Teresa Giudice as Sonja blames her financial troubles on a failed business venture, an unresolved bitter divorce with her ex-husband, and also losing a major lawsuit.

Sonja states in the court papers that her production company, Sonja Productions, was all set to collaborate with Hannibal Pictures Inc. to make a movie starring John Travolta. However, things went awry due to various demands by Travolta which her production company could not meet. Hannibal Pictures then filed a lawsuit against Sonja Productions and won a $7 million judgment.

Sonja is reportedly planning to appeal the ruling. Also, the reason Sonja’s filing is a tad shocking all has to do with her last name, as Sonja used to be married to and has a daughter by John Adams Morgan, a descendant of J.P. Morgan and John Adams. Sonja blames her “bitter” and unresolved divorce from her husband as part of the reason she is broke. Apparently their divorce is yet to be finalized.

According to WSJ, Sonja is working to resolve these disputes and formulate a plan of reorganization. She also hopes to preserve the value of her assets and continue her career as a television personality.

TELL US – WHAT ARE YOUR THOUGHTS ON SONJA’S BANKRUPTCY? ARE YOU SHOCKED?

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