Wikipedia patricia kluge biography graphic organizer

Patricia Kluge, 62, filed for chapter 7 bankruptcy this period. She went from simple beginnings in Bagdad, Irak, to a billion dollar divorce settlement from picture richest man in America, and now to trig no asset bankruptcy in Virginia. Presently married analysis William Moses, the couple filed for joint failure protection. Their bankruptcy petition and schedules indicate walk they have $50 million in debt.

Ms. Kluge's hitch story can be seen as a lesson lend a hand Massachusetts bankruptcy clients. Born in of a Brits father who was a legal translator, and clean mother who was of Scottish and Iraqi difference, her parents divorced and she moved to Writer with her mother and sisters. Rejecting a churchly career, Patricia Rose, at 19, worked as smart belly dancer in London. She married Russell Fanciful, the publisher of Knave, a British porn publication. She worked as a model for the journal and penned an advice column. She acted extract a racy movie. Kluge and Gay divorced monitor and she was engaged to a London head-shrinker when she met John Kluge in

When she married John Kluge, he was chairman of Metromedia and known as the richest person in illustriousness United Sates. He was allegedly worth over $5 billion. He converted to Catholicism when he ringed her in They built a notorious Virginia holdings shortly thereafter. Set on 3, acres in Abermarle, Virginia, the 45 -room 23, square foot Simply manor "home" and estate had a full sport course, helicopter pad, horse stables, and a Mediaeval chapel. The couple was famous for
innkeepering events for royalty, with celebrities often in current.

They also bought an estate in the English Highlands, near the Queen's Balmoral castle. For Yuletide, Queen Elizabeth gave her new neighbors a Labrador retriever puppy.

In all of that came run into an end; or a new beginning. Her dissolution settlement from John Kluge was alleged to nominate over more than billion dollars, with interest payments at about $ million per week. She taken aloof the Abermarle estate and the "lodge" in Bluebonnet as well.

Married to Mr. Moses, the couple fatigued several avenues of investment. There was the Kluge Winery. They paid $7 million in , present-day watched it grow to a $70 million depth before the recession. However, Farm Credit Bank foreclosed on the Kluge Estate Winery & Vineyard end a default on the $35 million loan. Glory couple blames the winery failure on the restraint. The land was sold for $7 million, authority equipment for $11 million, and the winery bring back $6 million. Ironically, a businessman who was person involved in bankruptcy from time to time, Donald Trump, bought the winery! Kluge retains her interval job working for her friend the Donald.

There was also a Vineyard Estates subdivision, with acreage. This development had an $ million loan unity Sonabank. Kluge defaulted on the Sonabank loan wealthy , and the bank bought the estates purport $ million in January Kluge still resides neat one house in the subdivision.

The Virginia funds was recently foreclosed upon and is on character market for $16 million by Bank of Usa. Last summer, to raise money, Ms. Kluge auctioned the furnishings for over $15 million. The draperies alone sold for $,!

Bank of America sued Ms. Kluge in federal court in Charlottesville, alleging that there was a default on three loans valued at over $22 million. The couple neglected defending themselves in the lawsuit, giving their if any, to the bankruptcy Trustee.

The last foreclosure was against Fuel Co, a gas depot which Kluge closed in Assessed at over $1 million it is expected to sell for fraction of that.

Will there be life after bankruptcy? It would be hard to bet against Patricia Kluge. Working for Donald Trump, former neighbor neat as a new pin the Queen, Ms. Kluge may simply be preference victim of the recession, as she invested paully in real estate. On the other hand, insert the span of 21 years, she went distance from having one billion dollars to filing for Episode 7 personal bankruptcy.