Feline the pinch: Catwoman Jocelyn Wildenstein files for BANKRUPTCY and claims she has no savings or stock and begs pals for cash 'after squandering her $2.5BILLION divorce settlement'
Jocelyn Wildenstein filed for Chapter 11 bankruptcy protection earlier this month in federal court, just 19 years after pocketing $2.5 billion in her divorce
The socialite has no checking or savings accounts, has not invested in any stocks or bonds and set up no retirement or pensions funds she claims in the filing
Wildenstein values her wardrobe of furs and luxury bags at $1,000 and says her jewelry is worthless months after getting a 32-carat diamond ring
Her total personal property is valued at $16,386,100 and largely comprised of her apartment and the $4.5 million she has yet to receive from her divorce
That amount exceeds the $6,380,080 she claims to owe her 16 creditors, but she stated that she wanted to file Chapter 11 to avoid liquidation of her assets
A voluntary petition was filed against Wildenstein by three of her creditors in April, including the Board of Managers at Trump World Tower
By Chris Spargo For Dailymail.com
Published: 21:13 EDT, 17 May 2018 | Updated: 05:26 EDT, 18 May 2018
Jocelyn Wildenstein received a reported $2.5 billion in her divorce from her art dealer husband Alec back in 1999, and 19 years later it appears that it is all gone.
The Swiss-born socialite, who earned the nickname Catwoman in a nod to her cosmetically-altered feline features, has filed for Chapter 11 bankruptcy protection according to federal court papers which were obtained by DailyMail.com.
It is a shocking turn of events for Wildenstein, who first became a fixture in the New York press around the time of her split as she bragged about the high costs of her lavish lifestyle and penchant for plastic surgery.
Two decades later, the woman who once purchased a capuchin monkey as a pet finds herself with no checking or savings accounts, no retirement fund or pension plans and no investments according to her filing.
The filing also lists the $900 check Wildestein gets from Social Security each month as her only source of income.
Cat-astrophe: The socialite (above in Dec. 2016) has no checking or savings accounts, has not invested in any stocks or bonds and set up no retirement or pensions funds she claims in the filing
Wildenstein does believe that her assets outweigh the amount owed to her creditors by about $10 million, though there are a few red flags in the filing.
The most glaring seems to be Wildenstein's estimates for the value of her wardrobe ($1,000) and jewelry ($0).
Those figures in the legal document are despite the fact that she is seldom seen without a large fur, luxury handbag or her 32-carat diamond engagement ring while strolling the streets of Manhattan.
http://www.dailymail.co.uk/news/arti...ngs-stock.html
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