tag:blogger.com,1999:blog-4605862253944334026.post4392765593704444891..comments2023-03-24T10:01:08.219-04:00Comments on Real Housewives Sleuth: Jacqueline Laurita Bankruptcyblog related questionshttp://www.blogger.com/profile/12549104915570365977noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4605862253944334026.post-34628396354119330132012-10-12T02:46:09.193-04:002012-10-12T02:46:09.193-04:00It sounds like Jax Abe wrong about te personal ban...It sounds like Jax Abe wrong about te personal bankruptcy according to this bankruptcy lawyer's blog:<br />http://allmandlaw.com/bankruptcy/a-real-housewife-of-new-jersey-faces-bankruptcy-accusations<br /><br />"According to the lawsuit allegations, Laurita’s clan conspired to transfer valuable Rocawear licenses and other assets to ROC fashions before Signature’s bankruptcy filing. In exchange, the Lauritas received $2.8 million which went directly to supporting the lavish lifestyles of the family members, while none of it was reinvested into the company which was well on its way to bankruptcy due to mismanagement. If this is true, the bankruptcy trustee in this case can demand that the money is returned to the bankruptcy estate. If the Lauritas fail to return to the cash, they could face charges of bankruptcy fraud in addition to becoming personally responsible for some (or maybe all) of Signature’s debts. Because it appears that there is no separation between the personal finances and business finances of the Lauritas, the bankruptcy court may choose to pierce the corporate shield that would normally protect personal assets from seizure in a business bankruptcy."Adrianahttps://www.blogger.com/profile/05154704771485913483noreply@blogger.com