She owes even more to a clothing company
Real Housewives of New Jersey star Margaret Josephs is in big financial trouble… and it’s coming at the worst time possible considering the show has yet to start filming, facing cancellation. Margaret might lose her house, her fortune, and her job soon enough!
Her husband Joe Benigno is just a plumber/contractor, so he may be unable to give Margaret the glamorous life she’s become very accustomed to.
Margaret Josephs built a fashion and accessory empire when she was married to her first husband Jan Josephs, and she made a small fortune in her own right. Then she had an affair with her now-husband Joe Benigno when she was still married. Margaret officially divorced Jan in 2013 and married Joe weeks later.
Margaret continued to run her MacBeth line of clothing and accessories, and she earned a spot on Real Housewives of New Jersey in 2017. It seemed like things were going great for Margaret, but it appears that she’s been dodging the legal system for some time.
It’s finally catching up to her.
According to court documents uncovered by Radar Online, Margaret was given a tax lien for $197,066 in October 2016. “We are giving you notice the taxes (including interest and penalties) have been assessed against the following-named taxpayer,” the lien stated. Most of the money she owes is from 2012. As of Feb. 14, 2018, the debts have not been collected according to the Bergen County Clerk of Court.
That debt seems to be the least of Margaret’s financial worries. Her house is facing foreclosure, and she owes millions to a clothing company.
House on the Line
On Jan. 11, 2018, Radar Online revealed that Margaret and Joe were served papers that state their bank is beginning foreclosure procedures on their $1.4 million house.
“Notice is hereby given of the commencement and pendency of a suit in the Superior Court of New Jersey, the general object of which is to foreclose on certain Mortgages covering two separate premises, which Mortgages were made by defendant Joseph Beningo and Margaret M. Katona-Josephs to Unity Bank,” the court documents read.
The married couple bought the house in 2016, and they had to take out two mortgages to be able to afford it. They may have felt that the money they would receive from being on reality television would help them pay for it, but unfortunately it didn’t help enough.
Margaret has also been ordered to pay $9.4 million to the apparel company Vineyard Vines for trademark counterfeiting, infringement, and statutory damages.
The Next Season
A ninth season of RHONJ may not even happen since the producers have been unable to replace Siggy Flicker and the remaining ladies are so malicious towards each other.
“The producers have ordered all the ladies to speak positively about the show. Everyone has been told that they must talk about how excited they are to film again and to get going, even though production is still on hold. They were warned that Bravo could hold up airing the show for as long as they want,” a source told Radar Online. Margaret may be depending on the money she gets from the show to pay off her millions of dollars of debt, but it may come in too late if at all.
Would you like to see at least one more season of Real Housewives of New Jersey? Let us know in the comments and SHARE this story!