Score a legal victory for former tennis pro Jennifer Capriati.
RadarOnline.com has exclusively learned that a judge ruled in Capriati’s favor, ordering her former sports agent to re-pay the $510,701.21 debit he owes her.
“The debtor has agreed to pay, over time, 100% of the amount in the dispute, without Capriati having to incur expenses of litigating the issues,” court documents reveal.
Capriati and Sugarman came to a settlement over the debt and Sugarman will have to pay her in $1,000 installments up until 2018.
If the debt has not been paid by 2018, he will be paying $4,320 a month.
Sugarman filed for bankruptcy in February. According to documents filed by his bankruptcy trustee, Sugarman took out a $725,000 life insurance policy with Capriati as the sole beneficiary.
According to the documents, “The purpose of the Life insurance policy was to provide a form of security to Capriati in connection with repayment by the Debtor.”
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Sugarman will have to make payments to reinstall the life insurance policy until he has paid off the entire debt to Capariati, the docs stated.