Ah yai yai, another Bravo housewife bites the dust! In somewhat shocking and not so shocking news, the NY Post is reporting today that Teresa Giudice, star of the Real Housewives of New Jersey, has filed for bankruptcy alongside her husband.
Even more shocking? Teresa and hubby Joe Giudice owe nearly $11 million dollars, and have their income listed at only $79,000 a year. And it doesn’t end there. Teresa’s home is also in foreclosure, and yes this is the same $1.8 million, 10,500-square-foot home Teresa was shown moving into during the first season. The bank has started the foreclosure proceedings.
The NYPost refers to the Giudices as “real-life deadbeats” who “are up to their tanned necks in liens, foreclosures and unpaid bills.” In bankruptcy papers filed in Newark federal court, the Giudices say they owe their creditors an astonishing $10,853,648.04.
Teresa and Joe have also defaulted on their $1,280-a-month payment for the family’s luxury black Cadillac Escalade.
It gets even worse folks. The banks have also foreclosed on other homes owned by the couple, including a $279,000 four-bedroom Jersey Shore house. The Giudices are said to have had three mortgages on the house and owed $325,000. Also foreclosed on is a $200,000 home in Lincoln Park, NJ, that had four mortgages — and an outstanding debt of $600,000.
And despite being shown on their Bravo reality show as spending thousands and thousands of dollars on their kids’ clothing, Teresa and Joe claim to spend just $400 a month on clothes in court papers.
As for their income, Joe has his monthly income listed at $3,250; while Teresa lists hers as $3,333. The couple also lists another $10,000 in “monthly assistance from family members.”
And oh yeah, Teresa also owes nearly $20,000 to Bloomingdale’s, Neiman Marcus, Nordstrom. Their credit card debt alone is listed at $104,000.
TELL US – ARE YOU SHOCKED? WHAT ARE YOUR THOUGHTS ON TERESA’S MASSIVE DEBTS?
UPDATE: Teresa, who appears to not be in denial at all about her $11 M debt, posted the following message on her twitter Saturday -
“A huge THANK YOU to all my fans for all your love and support. Joe & I are just fine and will continue to be. ♥♥♥from our house to yours! xx.”
Wonder which one of their foreclosed houses that is… But it is nice to know Teresa and hubby Joe will continue to be fine, while the rest of society is forced to incur their irresponsible debt.








NJ Housewife Teresa Giudice Defends Daughter’s Racist Comments
There’s a new scandal brewing amongst the Real Housewives of New Jersey and it involves the 9 year-old daughter of Teresa Giudice.
Though the 2nd season of the New Jersey Housewives doesn’t premiere until May 3rd, Bravo has supplied certain media outlets with the season premiere episode and Teresa’s 9 year-old daughter, Gia Giudice, is seen making racist anti-Semitic comments.
According to HollywoodLife, Gia, 9, is seen saying she’d never marry a Jewish guy and goes on to make a gesture mocking Hasidic Jews’ long, curly hair when referring to Jewish people. When Teresa was asked about her daughter’s comments during an April 20th interview, she snapped, “I can’t control what my daughter says. Kids say dumb things … what, am I going to be crucified for it?”
No, Teresa cannot control what her daughter says, but the bigger question is where did her daughter learn this language and behavior from? I think from her home and parents would be a good guess. This will likely spark a major controversy once the new season premieres.
Teresa then goes on to defend her husband, Joe Giudice, who was arrested for a DUI back in January. “He was two seconds from home and he closed his eyes for two seconds and yawned when he was turning the bend,” said Teresa. “It’s pretty sad you can’t have one drink … everybody does it. I know he was not drunk at all.”
TELL US – IS TERESA RESPONSIBLE FOR HER DAUGHTER’S RACIST COMMENTS?
Click The Read More Button For A Photo of Teresa, Gia and her husband Joe –