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Woman Who Earned Reported $1 Billion From Divorce Files for Bankruptcy

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    Woman Who Earned Reported $1 Billion From Divorce Files for Bankruptcy

    June 22, 2011

    Patricia Kluge became known as "the wealthiest divorcée in history" when she came into a reported $1 billion by splitting from media mogul John Kluge in 1990. (Nobody knows exactly how much Kluge got out of her divorce, but the lowest estimates are around $1 million in cash per year.)

    With that windfall, she did what any onetime adult film star would do: hosted parties for royalty and moguls at a new 300-plus-acre estate in Virgina, where she produced and bottled her own wine for fun. One billion wasted dollars later, Kluge and her third husband, William Moses, have defaulted on loans, racked up a reported $46 million in liabilities, and filed for Chapter 7 bankruptcy. [Page Six/NYP, WSJ, Politico]

    http://nymag.com/daily/intel/2011/06/woman.html
    Last edited by AngelinaCat; 06-22-2011, 07:01 AM. Reason: To bring it in line with the specific formatting required for this board. OP, please note.

    #2
    i like the comment "Annette Benning for the movie" LOL!!
    8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

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      #3
      I assume the US Trustee must have specialist panel trustees who handle these types of high-end cases, no?

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        #4
        Holy cr*p.

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          #5
          Originally posted by DAE View Post
          I assume the US Trustee must have specialist panel trustees who handle these types of high-end cases, no?
          one would hope!!
          8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

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            #6
            Good Goog-A-Mooga!
            Chapter 7 Filed: 04/21/2011, 341 Meeting: 05/31/2011, Report of No Distrubution: 06/02/2011, Discharged: 08/03/2011, Closed: 08/10/11

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              #7
              And I'm feeling so freaking guilty over not being able to pay back 24,000 in mutual credit card debt my ex wife and I acquired in my marriage, prior to our divorce and me being left with the bill. That's nuts.

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                #8
                How can they do a chapter 7? We make crap money and pay chapter 13 1400.00 per month. SO UNFAIR!!!

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                  #9
                  Different rules for the rich? Or formerly rich...although I suppose it just depends on your income....HEY- what's her last 6 months income??? :-)

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                    #10
                    Who the hell loaned them $46 million? LOL For occupation (and ASSets) what did they put on the credit applications?

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