Wednesday, November 17, 2010

Sonja Morgan Files For Bankruptcy



Geez, this sorta makes Teresa's financial problems look relatively sane by comparison:
One of New York’s “Real Housewives,” Sonja Tremont-Morgan, filed for Chapter 11 bankruptcy protection Wednesday in Manhattan.


Morgan, who joined the cast of Bravo’s “Real Housewives of New York City” in its third season, listed $19.8 million in debt and $13.5 million in assets on her bankruptcy petition.


“The decision to seek bankruptcy relief was not an easy one, but unfortunately, I am at a crossroads in my life,” Morgan said in court papers.


She blamed her financial woes on a failed venture with Hannibal Pictures Inc. to make a movie starring John Travolta. That film was to be called “Fast Flash to Bang Time,” court papers said.


Morgan said the movie never got off the ground because of “various conditions” that Travolta demanded and her production company, Sonja Productions, could not meet. Hannibal Pictures filed a lawsuit against Sonja Productions in California and won a $7 million judgment.

2 comments:

  1. This is very informative blog towards Sonja Morgan. Still I can't find the why she as taken this type of initiative. There could have been other ways.

    ReplyDelete
  2. Thanks for the information..I was not aware of this news..I am also quite shocked..

    ReplyDelete