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Sonja Morgan

Donna Ward/Getty Images

Real Housewives of New York City's Sonja Morgan is reportedly $20 million in debt. Apparently, Morgan was dubbed the "lifestyle expert" by her costars, which leads me to believe that perhaps some of the Housewives aren't smart. It seems like only yesterday Real Housewives of New Jersey's Teresa was said to be about $11 million in debt. I'm going to go out on a limb and guess that being a Real Housewife isn't a great financial plan, even if it's on Bravo. In her bankruptcy filing, Morgan explained where some of her money had gone. Apparently, the socialite has a production company that lost $7 million after backing a movie called Fast Flash to Bang, which never got made and was supposed to star John Travolta. The bankruptcy court should wipe her slate clean since she had a hand in saving us from that disaster.