Jacqueline Laurita Bankruptcy Fraud

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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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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