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Stephanie Seymour's Ex Tries To Save Company From Bankruptcy

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Peter Brant just can't catch a break.

On top of being in the middle of a bitter divorce battle with ex-wife and former model Stephanie Seymour, he's had to auction off his own property to save his business White Birch Paper Company from bankruptcy!

The two were back in court on Friday when Brant revealed he'd auctioned off the couple's Pablo Picasso painting Le Baiser, which made him $19.1 million. He then used that money to keep his company from going bankrupt.

Stephanie's lawyers said the media mogul failed to notify his ex-wife about the sale, which will most likely be brought up when the couple's divorce hearing goes to trial in September.

Peter was also ordered to undergo random drug testing, even though he requested to be exempt from them.

Ouch.

[Image via WENN.]

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