Update: Jacqueline and Chris Laurita Corporate Bankruptcy Case

Posted on Nov 25 2014 - 10:23am by Dani-K

jacqueline-laurita-bankruptcy-lawsuit-slider

Real Housewives of New Jersey” power couple, Jacqueline and Chris Laurita, may soon have a Christmas miracle on their hands.

Creditors (not the federal government) accused the couple of “misappropriating” funds from their former clothing company, Signature Apparel Group. The reality couple originally filed for CORPORATE bankruptcy protection in 2009.

Originally the trustees of the case wanted the Laurita’s to fork over 7.8 million. Currently the couple is waiting for the bankruptcy judge’s final approval for a deal in the works that has been inked out between the lawyers and trustees. That deal will not be made public since the Jacqueline and Chris have succeeded in having the proceedings against them sealed.

This victory is good news just in time for the holidays! We wish the Laurita’s the best of luck in the outcome of this case.

 

“Like” us on Facebook  “Follow” us on Twitter and on Instagram 

About the Author

I am so lucky to combine blogging with my guilty pleasure of watching reality TV. I read all the comments and respond to most. Feel free to reach out to me. If you like fiction, I have two published novels: Three Days in Purgatory and A Reason to Run. For more information, please visit me at: Twitter* * Website* * Facebook*

  • italiano bambino

    But the lauritas are as criminal as the giudice o.O lol

    • Hey Bam! 🙂

      Oh yessss, this is a fraud case….LMFAOO!!! It’s hysterical, the dumb fucks reporting this is a fraud case. Clearly reading comprehension is not their strong suit. If you

      • WestCoastFeed

        I wish I had some knowledge of how bankruptcy actions move through the courts. But I have the impression that the trustee’s attempt to criminalize the parties has failed. He spent years taking depositions and amassing documents about the Rocawear licensing agreement, only to finally decide he would never get it all sorted out. As a result Iconic received about $12+ million and Chris got $2+ million, while the creditors got nothing.

        • Well in all fairness, the trustee was just doing his job. It’s very common for creditors to make these claims in corporate bankruptcies. They want to get paid. It’s then the trustees job to conduct a comprehensive investigation of the claims. The trustee did that and the result ended up in the Laurita’s favor.

          • WestCoastFeed

            He was very unhapppy about Joseph’s decision. He filed an objection claiming that Joseph and Adeline looted the company of $18 mil. . The judge disagreed. Besides, the trustee called both the Lauritas “bad guys.”

          • The trustee is an idiot, clearly trying to make a name for himself. The Laurita’s should sue him for slander.

          • WestCoastFeed

            Technically, it was the theater’s lawyer who called them bad guys.

          • Oh well that make sense.

  • TheBeverlyHillsHaveEyes

    Delighted that this will be coming to an end for them soon. The Laurita’s never came across as flashy big spenders to me, Jac in the very first season said she couldn’t spend like Teresa did. People hear the words bankruptcy and creditors and debts and assume it’s all the same as the Giudices but it really isn’t.

    • Hi Beverly…Exactly!!! The Trehuggers are so desperate to deflect attention from their beloved Teresa that they have labeled Jacqueline a criminal in the process.

      • toolate2care2000

        Since I seem to be the only one presently on this thread to not agree with ALL of you, I would like to reply. I am not a Trehugger – I might have enjoyed Teresa in the beginning and thought her to be cute ( sort of like Chrissy on Three’s Company for those of you who remember) – but what they did was not cute and they have been prosecuted and sentenced. Over. Done. Stop beating the dead horse. But what does that have to do with the Lauritas Company bankcruptcy? Again – I see no victory in people not getting the money they are owed. The last paragraph of this post did really get my panties in a bunch, as commented to by Seuss. Fine, we like the Lauritas and think they are a fine upstanding family – but I just don’t see how cheating people out of money can be considered a victory by anyone.

        • TheBeverlyHillsHaveEyes

          A lot of people have compared the Lauritas situation with the Giudices. From what I understand it was an involuntary bankruptcy and I am not sure that they intentionally set out to “cheat” anyone.

  • WestCoastFeed

    While I am delighted to see AATT tackling this subject, let me say that my understanding is that Chris and Jacq’s decision has yet to be finalized. However Joseph and Adeline are the ones assigned to pay the $1 million fine. Also, Chris and Jac have succeeded in having the proceeding against them sealed. The trustee has been given some date late in January to submit his final assignments to creditors.

    • All About The Tea

      Thank you West. Appreciate you very much. Please refresh your browser.

      • WestCoastFeed

        Thanks.

  • Marsbars09

    The Lauritas’ got off way more better than the Giudices’. If it’s true Jac will return to RHNJ for $850,000 per season, I see no reason why they can’t pay off the debt.

    • Yolie

      You’re comparing apples to oranges.

  • toolate2care2000

    I have my own headline for this article: ” Power Couple Jac and Chris stand in court smirking about the 6.8 million dollars they won’t have to be paying to the people they owe it to – They are so happy about the victory, just in time to screw people over for the holidays! ” The Corporation is Chris, Jac and a few other relatives!! THEY OWE/SPENT BIG MONEY AND YOU CAN’T PAY IT BACK!!! Dani-K, you wish them luck?? Why? Would you have the same feelings if your name was on the list of people they owe, I think not?

    • They don’t owe anyone…their company does…BIG difference. Nice try tho.

      • toolate2care2000

        Big Woop! – Who runs the Company? Who makes the day to day decisions in their company? No difference in my eyes.

        • Several people ran the company NOT just Jac & Chris. There is a HUGE difference here. Huge difference.

          • toolate2care2000

            Oh – so what you are saying is that they had no idea what their company was doing? Maybe it was OTHER people signing their names on paperwork, right ? And other people were using the company $ for themselves…and they didn’t know anything about it, not one thing? Oohh, now I see your point! You are soooo right!

          • dj j

            no it isn’t. They tracked 6.8 million that Jax and Chris spent on themselves.

    • RealitytvJunkie

      Surely, you can’t be this dense. This is a business bankruptcy not a personal bankruptcy like Teresa and Joe’s.

      • toolate2care2000

        Who’s business – their business. They spend the money – they can’t pay it back. Who’s being dense?????

    • DLister

      Completely off topic, but your dog is precious!

      • Ahahahaha!!!

      • toolate2care2000

        Thank you about my dog, I can agree with you on that!

    • dj j

      I totally agree with you. What I don’t get is that the people who are ok with the Lauritas are crazy mad at Giudices. I think they are all crooks. Just one had a better lawyer. And they were smarter to use a dummy corporation, much easier to hide funds. Who cares if people lose their jobs, they don’t. They are too busy probably doing the same thing with BLk

  • DLister

    I hope Nicholas has a delightful, happy Christmas! He’s SOOOO cute! 🙂

    • Yes!! That face is simply adorbs.

      • WestCoastFeed

        And he is very bright.

        • He really is. So happy he’s progressing. I applaud Jac & Chris for their dedication and loving nourishment.

          • ✿❀❁ Tigerlily ❁❀✿

            Hi Luv! Hope you, Dr. Mr. Seuss & the Seusettes are all well.
            Happy Thanksgiving Honey!

          • Hi my love!! We’re all great. How are you and yours?

            I need to do a final round of shopping today. Heading out to Whole Foods soon. We need to chat soon. Miss you! ♥︎

          • ✿❀❁ Tigerlily ❁❀✿

            Same here! Miss you bunches!
            Better get that shopping done woman. Feed those poor little starving Seusses’ would ya! LOL!

          • I know. Shame on me. Thank God my family is patient and kind.

          • ✿❀❁ Tigerlily ❁❀✿

            It’s a shame how neglectful you are! Bad Doc! Bad! LMFAO!
            Hell I’m still waiting for ya’ll to adopt me just so I can dine as well as they do! Still drooling over that BBQ pic you posted this summer! LOL!

    • toolate2care2000

      How about CJ? Don’t you want to wish him a merry Christmas too?

      • ✿❀❁ Tigerlily ❁❀✿

        Wow toolate. Calm down.
        All opinions are welcomed. We may not always agree with each other but no reason to be soooo harsh to D.
        It’s fine to have a difference of opinion & to state that opinion, as we all do… but imho, you seem to be one angry lady looking for a fight.

        • toolate2care2000

          What is angry about wishing CJ a merry Christmas? Chill. Let D fight her own battles if she feels she needs to. I was just pointing out to D that CJ was left out of her best wishes. It seems a lot of people forget about him, sometimes we just need to be reminded that Jac has 2 delightful sons, and Ashley.

          • Why are you so hostile? Are you mad, Jac & Chris are not crooks like Teresa & Joe? Is that what has your panties in a bunch?

          • ✿❀❁ Tigerlily ❁❀✿

            Angry spice IS angry! Maybe she’s hangry? & needs a snickers?

          • toolate2care2000

            “It’s fine to have a difference of opinion & to state that opinion, as we all do… but imho, with the tone you are setting to your posts, you seem to be one angry lady looking for a fight”

          • ✿❀❁ Tigerlily ❁❀✿

            Awwww, you mad? Why you so mad?

          • toolate2care2000

            I apologize to D – I did not mean to pick on her – everyone forgets poor CJ. My other comments might not be what you want to hear, but they are my opinion. I don’t see any victory in people being left holding the bag after bankruptcy hearings. It was the last statement of the post wishing “the Lauritas best of luck in the outcome of this case” that actually got my panties in a bunch. They mismanage a company, file bankcruptcy and we congratulate them on their VICTORY IN COURT? This is what I can’t understand – You are congratulating them for now not having to pay back people their company owes money to!!

          • I’m all here for your comments! You are justified in your feelings and people can’t handle it.

          • cholly8524

            But they are. You just don’t know the details.

          • dj j

            that is the point, they are crooks, even worse. Just because Chris got good lawyers and wasn’t so idiotic as the Giudices, doesn’t make them any better to me. They still misappropriated MILLIONS, and bankrupted a profitable company, and lots of people LOST THEIR JOBS so wackojacko could get another surgery to make herself asian

          • Lisa Pat

            Jacko’s face doesnt move.. but her neck rolls do. Maybe they need to take more $$ from Nick’s recovery fund & Susan Komen to remove a few more neck rolls??

          • You are bypassing the fact that the Bankruptcy Trustee has not found the accusations you mentioned above to be true. Therefore Jac & Chris have not done any of the illegal claims you’re making. Lets just deal with the facts and not accusations. Like the FACT the Giudices pled GIULTY to robbing banks and owe creditors $13.4 million. Don’t use the tired pigeonhole principle to label the Laurita’s crooks based on your Trehugger hate.

          • Lisa Pat

            ROLFLMAO! The Lauritas are crooked as the day is long!! The fact that you can say with a straight face that the Giudices are crooks but the Lauritas, who laundered from a CANCER charity are innocent, shows me that you are irrational. You wont accept truth as fact.. and very biased !!! You should def stick with Dr. Seuss stories in the land of the make believe where Suzie Lou Who and the Lauritas are innocent residents of Whooville.

          • Laundered CANCER charity you say? WRONG! Why not educate yourself on the facts before you spread lies?

            Allow me to educate you, Lisa Pat. While Chris Laurita’s former company, Signature Apparel, was in operation he had a marketing deal with Susan G. Komen. The particulars of the deal stated that Signature Apparel would manufacture Susan G. Komen apparel (with the pink logo) and sell the products. The deal was, Signature Apparel would donate a % of the proceeds to Susan G. Komen. The deal could not be honored once Signature Apparel started to go into bankruptcy.

            Once a company files CORPORATE bankruptcy, they have to halt all payments to all creditors/vendors. The Laurita’s did not defraud Susan G. Komen as you’re so boldly stating.

            The Laurita’s bankruptcy is far different from the Giudices. The accusations that they stole money from their own company are common accusation creditors make in most CORPORATE bankruptcies. The Bankruptcy Trustee has not found these accusations to be true therefore Chris & Jac have not been charged with anything illegal.

          • TheBeverlyHillsHaveEyes

            Well said Seuss.

          • Thanks hon.

          • If you’re mad over this article, then the following story (link) is bound to send you into cardiac arrest!!! http://allaboutthetea.com/2014/11/23/teresa-giudice-did-not-rob-banks-only-list-of-other-businesses-she-stole-from/

          • ✿❀❁ Tigerlily ❁❀✿

            Totally kick-ass article by Beach btw! Freakin’ awesome!
            BOO-YAH Tre-huggers!

          • toolate2care2000

            Old news. Over and done with. But what does it have to do with the people that the Lauritas company owe money to?

          • ✿❀❁ Tigerlily ❁❀✿

            Nothing or no one is “mad” about wishing CJ, or Nicholas for that matter, a Merry Christmas.
            Except maybe you?
            Your tone, insinuated by your posts on this thread, was that D was slighting CJ on purpose.
            Yes D can “fight” her own battles as you so adeptly put it. But I, like you, can also have an opinion on it.
            Maybe.you should have some chocolate. It releases good endorphins, makes you feel good & it’s just plain yummy!
            Have a lovely day toolate

        • DLister

          tigerlily — XOXO and thanks!

          Off topic — it’s sleeting here where I live — how the seasons just fly, crashing into one another! Hope y’all are safe where you live being that such harsh early winter weather has barreled down upon many of us.

          • ✿❀❁ Tigerlily ❁❀✿

            No problem. I just felt the tone of her post was too snippy for no apparent reason & a bit harsh. I know that you would never intend to slight CJ, or any child, in any way, shape or form. So as usual I opened my big mouth. LOL!
            Same here. Snowing & sleeting here & a chilly 34° in NYC. Brrrrr.
            OMG, it blows my mind how quickly time flies.

            Happy Thanksgiving to you & yours Sweetie!
            Enjoy, make merry & be safe. (>‿◠)✌

          • DLister

            You are an angel — and I thank you. I did agree, the tone did come across as harsh. But — when I thought about the sentiment, I realized she/he (Don’t want to assume gender here!) was correct.

          • ✿❀❁ Tigerlily ❁❀✿

            True but I felt there were much nicer ways to say it.
            Maybe something like … Oh don’t forget about CJ.
            She was being snippy downthread too, so I spoke up. You know how hard it is for me to give my opinion D. Ya know cause I’m so shy & conservative in my views.
            Eeep, ducking lightning bolts as I type! LMFAO!

      • DLister

        Awww, you’re so right! See, I didn’t catch much of Nick’s big bro on my TV, so shamefully, I did kind of forget about him. Hopefully, CJ is doing great, and another nice thing is both boys have a big sister (Ashlee). So, I hope they all enjoy each other this holiday season. Thanks for reminding me! Oh, and please give your adorable dog a warm hug for me too.

  • colleen

    Good for them. JAC gets a bad rap Although, I’ve never witnessed her drunken twitter rage. She’s still better than Zen!

    • WestCoastFeed

      Yes,it is sad that she has been labelled as either a drunk or crazy, or both. And it has been said so many times that it is actually accepted as truth.

  • Vince Foster, Jr.

    Where am I?

  • dj j

    I don’t know how these two get away with looking good. They scammed charities, like susan g komen, spent millions of their companies money on themselves. Used a profitable company as a piggy bank, then file bankruptcy. But I guess that is the American way for lots of rich people..ask Donald Trump. As long as you incorporate yourself, you can spend $ all day long, and nobody cares. As long as you have good lawyers, you can legally wrangle your way out of it. But there are just as many creditors, (actually many more than Juicy and Tre) who will end up with the short end of the stick. And in the end of things, we all pay for it.

    • Lisa Pat

      Exactly.. they are crooked as the day is long but the tea “wishes them the best of luck.” The reporting is way off here because it almost sounds like the Lauritas managed some sort of victory? There was NO VICTORY. Their case is proceeding as planned.. they were just sneaky enough to get the records sealed. But they have not won anything.. hope the shotty reporting picks up a little on this site.

  • So these farts in the wind are better than Teresa and Joe because it’s a corporate filing, not a personal one? LOL. AATT, I needed that laugh.

    • Lisa Pat

      LOL Exactly!! No it’s just really shotty reporting,,. the Lauritas are STILL expected to fork over 7.8 million. Nothing has changed in the least. I just spoke to a very reliable source. The monies are still owed in full.. the only thing that has changed is that the records are sealed from the public. But, they will be leaked. (I promise.) This couple ripped off a cancer charity and people act like it’s okay.. ppl are carazyyyy!!

      • PREACH! I still haven’t forgotten that cancer scam either. The only thing different from Teresa and Jacqueline is the simple fact that Teresa makes it entirely too easy to hate her and dig up her dirt, as with Jacqueline, she’s more subtle and the producers of this show haven’t thrown her under the bus yet. It makes no difference if it was corporate or personal. They still scammed people and are still are a bunch of frauds.

        • Lisa Pat

          The big difference IMO is that Chris is really “connected” if you pick up what Im putting down sister.. he is connected, as is Dina’s hubby and they wont go after him due to his “affiliations.”

          • Maybe. I wouldn’t put anything past any of these people. They did find a certain member of their family in a trunk, right?

      • You are so wrong and spewing the typical uneducated ill-informed TreHugger rubbish!!

        • Lisa Pat

          I was just told that you – Seuss – runs this blog. Not so uninformed now.

          • Well you are wrong….AGAIN! And I don’t care what you’re told. It’s amazing what people will come up with when they have no argument.

          • Lisa Pat

            Okay “Mo” whatever you say

          • Ok…Lisa Pat. I love your defection for lack of argument.

    • murlut

      But you have to realize, Teresa and Joe filed for PERSONAL bankruptcy and Jac and Chris filed for corporate. Its like two different things. Businesses go bankrupt all the time. Completely different worlds and rules.

      • I don’t agree and I’m tired of people treating these two criminals, because they blamed their autistic child for their financial issues, because when you look at the documents, most of their scheming was taking place right when Nicolas was conceived, to fund their lifestyle, as the lesser of two evils. Just because I go in a store and hold it up for all it’s worth and you come behind me and still a pack of gum doesn’t mean you didn’t just commit a crime. Stealing is stealing!

  • Pink

    They are just as disgusting as Tre/Joe and the Gorgas. They stole money from their creditors – one being Susan G Komen cancer charity! Viewers suspect they also turned states evidence to avoid harsher terms in their mess-remember her interigation of Tre on her deck with Creepy Chris looming in the shadows to ensure his drunk wife entrapped her “friend” Tre? Hell, Chris was caught destroying evidence and plead to committing purgery. These 2 suck the most imo!

  • Pingback: ‘Nice Anklet! Did You Make That At Camp?’ Jacqueline Laurita BLASTS Teresa Giudice In Explosive ‘RHONJ’ Deleted Scenes [EXCLUSIVE]()