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DC Househusband Tareq Salahi Takes Another Business Into Bankruptcy

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Oct. 3 2010, Published 1:03 p.m. ET

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The financial unraveling of Michaele and Tareq Salahi has taken another giant step. The wacky couple, best known for their questionable attendance of a White House State Dinner, has another of its businesses in bankruptcy, RadarOnline.com has learned.

Court papers show that America's Polo Cup Inc. filed for Chapter 7 Bankruptcy protection late last month. Tareq Salahi is the company president.

The Northern Virginia Daily reports that the company grossed approximately $1 million since 2008 but currently owes over $320,000, mostly to a catering company that has already filed suit for non-payment.

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As RadarOnline.com has previously reported, the publicity company that handled America's Polo Cup for Salahi is also suing for non-payment.  Tareq is also president of his family's Oasis Winery which went into bankruptcy last year.

The Salahis, who appear in The Real Housewives of DC, yesterday watched as the infamous red sari Michaele wore to that equally-infamous White House dinner was auctioned off.  In that case, the couple claimed most of the proceeds were going to charity.

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