Update On Jacqueline And Chris Laurita’s Bankruptcy Case

Laurita

RHONJ stars Jacqueline and Chris Laurita have been granted a reprieve in their bankruptcy trial. The judge has approved an extension request filed by the trustee who is overseeing the proceedings.

The couple is being accused of misusing millions of dollars in funds from their former clothing company. The Lauritas previously reached an agreement to end the $8 million lawsuit, but the trustee asked for a extension of the case to determine how the funds from that settlement will be distributed.

When Jacqueline and Chris filed for bankruptcy protection in 2009, they were charged with knowingly defrauding their creditors, and the trustees of the bankruptcy case hit them with a $7.8 million lawsuit in an attempt to get back whatever money they could.

Agreeing to pay one million dollars to their creditors, the Lauritas will admit no wrongdoing, if the judge signs off on the settlement.

Photo Credit: Bravo

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