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Examples
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The Kluge's lifestyle was opulent and Mrs. Kluge wore the mantle of socialite diva well.
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Unfortunately, the recession of 2008 spoiled Mrs. Kluge's grandiose plans and she found herself in financial difficulty.
Georgialee Lang: How to Blow a Billion Dollars Georgialee Lang 2011
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On an unseasonably warm day in February, representatives from Kluge's bank gathered on the steps of the county courthouse to auction off her grand estate, Albemarle House.
Va. winemaker's painstakingly built empire crumbled in months amid recession 2011
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Patricia Kluge's fall from grace culminated in her recent bankruptcy filing where she disclosed debts between $10 million and $50 million and assets valued at $1 to $10 million.
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Over the past nine months, Kluge's travails have been Topic A in Charlottesville, the university town about 21/2 hours southwest of Washington where Kluge has lived for more than 20 years.
Va. winemaker's painstakingly built empire crumbled in months amid recession 2011
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He may buy Albemarle House and ease Kluge's credit woes, but he claims he's not interested in making wine although his representatives are still negotiating for the vineyard behind the scenes.
Va. winemaker's painstakingly built empire crumbled in months amid recession 2011
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A former associate of Kluge's who was also on hand said she was dismayed to see some of the bidders laughing, like it was all a big joke: "Look at what this has come down to."
Va. winemaker's painstakingly built empire crumbled in months amid recession 2011
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By the end of the legal wrangling, Trump had the right to buy the property at the bank's price - a bargain $15.26 million - or even less, and is negotiating for some of Kluge's other former holdings.
Va. winemaker's painstakingly built empire crumbled in months amid recession 2011
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Locals are still talking about Kluge's limited-edition debut wine, which cost $495.
Va. winemaker's painstakingly built empire crumbled in months amid recession 2011
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Even with Trump in the mix, though, Kluge's predicament is far from resolved.
Va. winemaker's painstakingly built empire crumbled in months amid recession 2011
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