Jonas Brothers’ Dad Paul’s New Jersey Based Real Estate & Construction Company Has Over $1 Million in Debt – Files For Chapter 11
Three of his sons have become some of the most successful entertainers on the planet.
But that success hasn’t translated to the Jonas Brothers’ father’s company, as it has filed for bankruptcy, reported TMZ.
Paul Kevin Jonas Sr., 53, owns a construction and real estate company in New Jersey.
The outlet reported that according to legal docs they obtained, ‘Paul’s New Jersey construction and real estate company has over $1 million in debt, including a $268k judgement from a case his company lost.’
Adding, ‘In order to come up with the cash, Paul plans to sell off some of the company’s property.’
But there is also a possibility that his affluent children might help him out.