Brynne and Edelsten in Shock Divorce Split as Bankruptcy Looms!!
****A STUNNING GUTTER TRASH EXCLUSIVE****
Celerity socialites Brynne and Geoffrey Edelsten have pulled the plug on their extraordinary four-year marriage!
The news has sent shock waves across Australia and the US and comes amid explosive new allegations that multimillionaire Edelsten has filed for bankruptcy!
The flamboyant couple renowned for their extravagant lifestyle have called in the lawyers to begin divorce proceedings.
The Gutter Trash can reveal that with no prenuptial agreement in place it’s going to be a costly exercise for the Mr Edeslten.
‘They are both devastated,’ a close friend confirmed to The Gutter Trash earlier today.
The 70-year-old declared himself bankrupt to a court in Ohio last week, one day before a hearing in the long-running legal battle against his former US business partners, the Mawardi family.
Mr Edelsten and the Mawardis had been fighting for control of assets that included a fashion label, a Dominican Republic casino, a luxury jet and two slum housing complexes.
In the federal bankruptcy petition, Mr Edelsten said he had debts of $18.2 million. He claimed he was worth between $US10 million ($11.1 million) and $US50 million.
Creditors included the Australian Taxation Office, US state and federal tax authorities, National Australia Bank, his mother, Singapore casino and hotel Marina Bay Sands, joint business ventures with the Mawardi family and his personal accountants and lawyers in the US and Australia.
Mr Edelsten’s Australian lawyers claimed the bankruptcy filing was a strategy to ”better realise the investments made in the US”.
”My client has filed a Chapter 11 [bankruptcy] procedure,” said legal firm Webb Korfiatis, which was allegedly owed $50,000 by Mr Edelsten.
”I am instructed that my client does not intend selling any personal assets in Australia, including the CBD penthouse.”
The reporters are listed on Mr Edelsten’s Australia’s Worst Journalist website.
The bid to seek protection from creditors throws into question the lavish jet-setting lifestyle enjoyed by Mr Edelsten – who only three years ago was believed to be worth $100 million – and his reality TV star wife, Brynne.