Chris & Jacqueline Laurita’s Bankruptcy Lawsuit Headed To Trial?

Laurita

Jacqueline and Chris Laurita have been accused of siphoning off millions of dollars from Chris’ former company, Signature Apparel. The couple reached an agreement for the $8 million bankruptcy lawsuit, and according to new court documents, an extension has been filed to determine how the funds from the settlement will be distributed and the case could possibly go to trial.

According to the court documents, obtained by RadarOnline, the trustee appointed to oversee the case, “seeks a further extension of his time… in order to better understand what the potential distribution ‘pot’ will be before expending more estate resources in determining claims.”

“The significant litigations which are expected to fund distributions is scheduled for summary judgment, and if not granted in full, trial in November 2014,” the documents reveal.

In court papers filed on September 24 Chris and Jacqueline reached an agreement “to pay the total gross sum of One Million Dollars ($1,000,000.00)” to a trustee. The couple will have to immediately fork over $100,000 if the judge approves the agreement. The Lauritas will then be responsible for periodic payments of $112,500 through September 2016.

If the agreement gets approved by the judge, the Lauritas’ latest filing states they admit no wrongdoing in the case. If a judge does not agree, the case will go to trial later this month to determine how the money will be distributed to creditors.

Photo Credit: Bravo

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4 Replies to “Chris & Jacqueline Laurita’s Bankruptcy Lawsuit Headed To Trial?”

  1. This is none of my business but to hear Jaq say they have to move cause of Nick’s illness ticks me off…it’s because of this bankruptcy!! Don’t blame the kid…!

    1. Just be honest, you done messed up! And you need to buck up, clean up your mess and show America that people make mistakes and they are REALLY sorry and they can HONESTLY try and overcome the problems THEY created. Most fans (not all- there are gleeful haters that will hate for hate’s sake) will love and respect you more for doing that than going the Teresa “Poor Me, I don’t know anything, I didn’t do anything, What happened TO me, I’m Innocent” route- which is wearing soooo thin.

  2. I agree at least they are coming clean. Dina is a stone cold bitch, her statement about Chris and Jacqueline’s son was very harsh

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