"The decision to seek bankruptcy relief was not an easy one," Morgan says in court papers. "But unfortunately, I am at a crossroads in my life."
Morgan, who joined the Housewives franchise in the show's third season, stated that she's battling a "bitter" divorce with John Adams Morgan and listed $19.8 million in debt and $13.5 million in assets on her Chapter 11 bankruptcy petition.
In the court papers, Morgan blames a failed venture to make a movie with John Travolta as part of the reason she's hit a financial low, the Journal reports.
"I became involved . . . with Hannibal Pictures, Inc., to make and produce a movie known as Fast Flash to Bang Time, potentially starring John Travolta," Morgan says. "This movie never got off the ground."
But Morgan isn't giving up hope. "My current monthly income including support is about $26,000 per month," she says. "And I expect this income to improve as new opportunities materialize."