It looks as though Sonja Morgan is setting the record straight when it comes to her well-documented financial woes. The Real Housewives of New York star says that despite the rumors, she is keeping the home she is currently living in.

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The reality television star is responding to cast mate Ramona Singer's allegations that she is not only losing her home, but that she is struggling to make ends meet after a bad business dean within the movie industry and owes millions of dollars to her investors.

"I got my big girl panties on," Sonja says while explaining that she filed for Chapter 11 and is reorganizing her assets. "I'm keeping my daughter in that house. It's her childhood home."

As far as Ramona's allegations, Sonja insists that her co-star is just "being dramatic to be dramatic" and that there's no truth to the rumors. She also adds that Ramona's words might have been taken out of context for editing purposes on their hit Bravo show.

"No bank is in possession of my house," she added. "The show is cut for entertainment. I'm sure there are a few things Ramona said that were left out."

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Meanwhile, Sonja is also working on her business ventures in addition to the Real Housewives of New York, including her fashion lifestyle brand, Sonja in The City. She's also working on a new perfume with her name, along with a clothing line and diamond collection.

The Real Housewives of New York airs Tuesdays at 9 p.m. EST/PST on Bravo.

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