Alleged White House gate crasher Tareq Salahi's polo club has filed for bankruptcy.The Northern Virginia Daily reported that America's Polo Cup Inc. filed for Chapter 7 in U.S. Bankruptcy Court on Sept. 13.
The petition says America's Polo Cup grossed more than $400,000 in 2008 and 2009, but just slightly more than $50,000 this year.
It lists $67,000 in assets - all in the form of money owed to the company - and $329,850 in debts, including more than $304,000 for catering that is the subject of a civil lawsuit.
A winery business owned by Salahi filed bankruptcy in 2009.
Salahi and his wife, Michaele, made headlines last year when they allegedly crashed a White House state dinner. Michaele is a cast member on Bravo's reality show "Real Housewives of D.C.
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