Friday, February 11, 2011
Peggy Newton: Lifestyles of the rich and bankrupt
Mrs. Newton listed more than $320,000 in debts and $3,778.85 in assets.
Under personal property, she listed two TVs worth $200, a recliner, a $100 bed, a $100 couch, a dining table and two chairs, and a $25 microwave, along with a few other minor items.
Things must have improved over the intervening months. On an amended filing in November, Mrs. Newton listed the following:
-Six TVs worth $500
-Three recliners, $150
-One twin bed $100
-One queen bed $150
-Dining table and six chairs $75
-Kitchen table and chairs $150
Other items included a washer-dryer, three dressers, two small tables, 10 lamps, a set of patio furniture, and a $25 wine rack.
Also included in the November document were items that were owned by Mrs. Newton's husband, Brian, but which she controlled.
Though she listed no cars in the July filing, the November documents included a 2003 Escalade, a 2011 Toyota Avalon, 2004 Volkswagen Bug, and 2007 Chevy Truck, all located at her residence.
Also listed as being owned by her husband, but under her control were a watch and ring described as "advertisement for the jewelry store."
Her husband, of course, is an owner of Newton's Jewelers.
All Turner Report coverage of the Peggy Newton case can be found at this link.