November 18, 2010 03:00 PM by Shayla Perry
First, it was Teresa Giudice of the New Jersey Housewives whose money woes were played out in public when her husband’s business dealings (and her over-the-top spending) put the family in financial distress.
Now, Sonja Morgan (pictured at far right) who joined the cast of The Real Housewives of New York City in Season 3, has filed for bankruptcy according to a report from the Wall Street Journal.
“The decision to seek bankruptcy relief was not an easy one,” Morgan says in court papers. “But unfortunately, I am at a crossroads in my life.”
In her Chapter 11 bankruptcy petition, Morgan claims that she’s going through a “bitter” divorce with husband John Adams Morgan, and listed her current assets at $13.5 million, with a staggering $19.8 million in debt.
But how did the NYC Housewife accumulate so much debt?
According to Sonja, her money problems are the result of a failed venture to make a movie with actor John Travolta.
“I became involved … with Hannibal Pictures, Inc., to make and produce a movie known as Fast Flash to Bang Time, potentially starring John Travolta,” Morgan explains in court papers. “This movie never got off the ground.”
Despite her troubles, Morgan isn’t giving up hope. “My current monthly income including support is about $26,000 per month,” says Sonja. “And I expect this income to improve as new opportunities materialize.”
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Photo Courtesy of Bravo