As you’ll recall, the company filed for bankruptcy back in 2009, but things hit a snag when several people, including Jacqueline and Chris, were accused of using the company money for extravagant personal use – like private jets and fancy ass vacations.
AChris and Jacqueline Laurita bankruptcy update is finally here! The couple has been battling a legal case related to their former company Signature Apparel. The latest in the very long and convoluted legal situation is that the Real Housewives Of New Jersey stars are accused of owing their attorneys $290,000!
As a brief recap, in 2009 Signature Apparel filed for a corporate bankruptcy. The trustee, Anthony Labrosciano, contested it claiming they bled a profitable company’s accounts dry to live a lavish lifestyle, then filed for bankruptcy. Mr. Labrosciano filed a suit on behalf of the courts against Chris, Jacqueline, two of Chris’s brothers Anthony and JosephLaurita, plus Joseph’s wife Adeline.
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”!
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.
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.
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.
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.
It's mind-boggling that it has been almost five years since Signature Apparel Group filed for bankruptcy! The company, owned by former Real Housewives of New Jersey star Chris Laurita and his brother Joseph filed for bankruptcy in late 2009, despite having record income of $250 million during the years of 2005-2009. The bankruptcy has been held up by a number of a issues, namely the accusation that the Lauritas frivolously spent eight million dollars for personal use.
According to the complaint at the time, Chris and Joseph were accused of "draining the company of all its funds and assets in order to support their families’ increasingly opulent lifestyle of private jets, limousines, extravagant parties, premium automobiles, designer clothing, ostentatious home furnishings and lavish vacations,” the complaint filed November 2, 2010 alleged. “Signature’s assets were misused to make outright and unjustified payments to Laurita family members, and to fund the operations of the Laurita brothers’ other companies and business ventures.”
