Saturday, June 25, 2011

Patricia Kluge, Once the Wealthiest Divorcee, Files for Bankruptcy Protection

Kluge, a socialite, acquired the 23,500-square-foot Albermarle House and 3,000 acres of rural Virginia land when she divorced billionaire media mogul John W. Kluge in 1990. At the time, it was the biggest divorce settlement in history, rumored to be $1 billion. John W. Kluge died in September.

In the U.S. Bankruptcy Court Chapter 7 filing, Kluge and husband William Moses listed business obligations as their major debts. They estimated their assets to be between $1 million and $10 million, with $10 million to $50 million in liabilities.

Read the full article from TV Guide

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