money troubles
Ralph Rucci Said to Be on Verge of Bankruptcy
Luxury womenswear designer Ralph Rucci has reportedly met with bankruptcy lawyers regarding a possible Chapter 11 filing, according to the Post. That he's suffering financially isn't a huge surprise, considering he canceled his show this season (he held studio appointments instead), but his situation sounds dire: According to sources, he owes more than $6 million to suppliers and lenders, on top of $1 million in personal taxes.
Not pretty in red [NYP]
