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Real Housewives of Beverly Hills

Real Housewives Star Goes Broke, Declares Bankruptcy

Sadly, another Real Housewives star has joined the not-short list of ladies from the show who have filed bankruptcy.

Former Real Housewives of Orange County star Peggy Tanous is out of money and has filed for bankruptcy, according to Celebuzz.

Peggy reportedly declared Chapter 7 bankruptcy in March of this year, according to court documents.

Her liabilities are listed at $2.16 million, consisting mostly of home loans and property taxes.

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She also reportedly owes over $70,000 in credit card claims and $10,000 for a book contract.

Peggy is a former model and now a stay-at-home mom who appeared on Season 6 of the show after her pal Alexis Bellino convinced her to join. Peggy left the show in 2011.

That same year, Peggy filed a lawsuit against three banks whom she claimed were trying to bring her home into foreclosure despite the family having made payments.

Peggy's husband, Micah, is an Internet-marketing entrepreneur, and the couple has two daughters.

But Peggy shouldn't be ashamed, since there are plenty of other Real Housewives stars who have been down a similar road.

Other women who have filed for bankruptcy include New York’s Sonja Morgan, New Jersey’s Teresa Giudice and Danielle Staub, and D.C.’s Michaele Salahi.

We're wishing Peggy and her family all the best!

Source: Celebuzz