If you recall, Teresa and husband Joe Giudice filed for bankruptcy to the tune of $11 million in debt. Back in July of this year, a judge ordered the Giudices to auction off most of their home items as a means to recoup some money for their debtors. Those items included a grand piano, LCD TV, stainless steel gas range, bedroom furniture, and even her kids’ bedroom sets and toys.
The Giudices’ attorney was however able to get the public auction canceled in October. RadarOnline is now reporting the private sale is underway.
Even more interesting, the Giudices have put in their own minimum bid of $54,405 in hopes of retaining their valuables. Meaning anyone who wishes to own Teresa’s home items would have to pay at least $54,406. So basically Teresa and Joe get to keep their items if the judge approves the price and no other parties outbid them.
Teresa’s attorney James Kridel tells RadarOnline that anyone who puts in an offer would be doing it for the wrong reasons. “In my opinion, it would have to be out of spite or out of ignorance,” he said. “Because whereas my mattress might be worth the replacement cost to me, it’s probably worth almost nothing to someone else, so the real value of it would be ridiculous.”
Mounting legal troubles continue to remain an issue for Teresa and Joe. As we reported last month, the couple is required to stand trial on July 14 & 15, 2011 for charges relating to bankruptcy fraud. They are accused of concealing assets and hiding income in their bankruptcy filing.
Days after we reported the news of Teresa Giudice and hubby Joe Giudice having to stand trial for bankruptcy fraud in July, 2011, their attorney is now speaking out on their behalf.
James Kridel, attorney for the Real Housewives of New Jersey stars, will have to prove to the bankruptcy court come 2011 that his clients’ bankruptcy filing is indeed legit and should not be overturned. Roberta DeAngelis, the attorney in the U.S. Trustees Office who evaluated the Giudices’ filing, has recommended that the court not grant their Chapter 7 petition due to fraud. DeAngelis accused the Giudices of concealing assets, hiding income, providing false information to the IRS, etc.
Kridel’s strategy seems to be to avoid the trial all together. “I am going to be sending a letter to the US Trustees Office because I would like to resolve with them their issue rather than have to try it,” Kridel told RadarOnline.
Kridel however claims he isn’t doing this out of fear of losing the case or desperation. “I’m not doing it out of desperation; I’m doing it in their [debtors and US Trustees] best interest. That’s the next step. But ultimately the ball is in their court.”
Kridel also adds that he will argue that his clients “have been punished enough.” Kridel stated, “Instead of just looking at it as ‘Joe Giudice,’ it is a family and to deny a discharge in this case would destroy this family. Some of the family members are clearly not responsible for anything that occurred here.”
Good luck with that Kridel. In other NJ news, RadarOnline is also reporting that Caroline Manzo’s sons – Albie and Chris Manzo – have officially moved out of their mama bear’s cave and into their own bachelor pad!
“The guys decided to get their own place because they are young and good looking and famous,” a source close to the family told Radar. “They get a lot of attention from women. They are growing up and they need their privacy.”
The source adds that Caroline is however having a hard time adjusting to her new empty nest. “Their mom is really sad because she is really close to her sons,” added the insider.
TELL US – WHAT ARE YOUR THOUGHTS ON THE GIUDICES’ ATTORNEY’S COMMENTS AND THE MANZO BOYS MOVING OUT?
Somehow this news has managed to slip through the cracks, but two days after the Ibuysss blog first broke the story, Reality Tea has uncovered some documents showing that on September 24, 2010, New Jersey Judge Morris Stern ruled that Real Housewives of New Jersey star Teresa and her husband Joe Giudice are required to stand trial on July 14 & 15, 2011 for charges relating to bankruptcy fraud.
The Giudices had tried to get the bankruptcy fraud allegations dismissed. If you recall, Teresa and Joe filed bankruptcy back in October 2009 to the tune of $11 million in debt. Things were working according to plan for the Giudices as Teresa even went on a $60,000 shopping spree just days after filing Chapter 7.
The problems arose however when on 06/30/2010, John W. Sywilok, the Chapter 7 Trustee assigned to oversee the Giudices bankruptcy filing, alleged they had commited bankruptcy fraud by concealing assets and income from their filing. The accusations include -
Failure to report $250,000 (an advance Teresa received from a publishing deal for her book)
Failure to report Joe’s ownership/interest in a Pizza shop
Failure to report a $3,333.33 monthly income
Concealing assets including a bank account of Joe’s, two pieces of real property, vehicles, the ownership of an online boutique called TG Fabulicious
Presenting false income tax returns to the bankruptcy court
From looking at the court documents, tt seems the July, 2011 court date is simply to get a judge to dismiss the Giudices’ Chapter 7 bankruptcy petition because of fraud. If the trustee does suceed in getting the bankruptcy dismissed, the Giudices would then be responsible for their $11 million debt.
We’re no legal experts here at Reality Tea but it is likely criminal charges for lying under oath, IRS fraud, etc will follow if the Giudices are found guilty of commiting bankruptcy fraud as it appears the July 2011 hearing is solely focusing on getting their bankruptcy dismissed, and not so much on the criminal aspect of the serious allegations.
TELL US – WHAT ARE YOUR THOUGHTS ON THE LATEST DEVELOPMENTS? IF THE GIUDICES DID LIE IN THEIR FILING, DO THEY DESERVE TO GO TO JAIL?
“Alright for the record, Life&Style=garbage, RadarOnline=flies who eat poop off of garbage. You will all see the truth when Season 3 airs. xx.”
Above is what Teresa Giudice had to say about media outlets RadarOnline for reporting that she and hubby Joe Giudice started a brawl at her nephew’s christening, and Life & Style magazine for doing a cover story alleging Joe was cheating on her.
Appearing in the latest issue of In Touch magazine, the Real Housewives of New Jersey star attempts to put an end to the cheating rumors that continue to plague her marriage.
Teresa adamantly denies all the cheating reports and says she isn’t even giving any of it a second thought. “I know my husband – I’m not covering for him,” she insists. “If I knew he cheated on me, I would leave the guy in two seconds.”
As for how’s she’s so certain, Teresa adds, “You get that feeling when you have a boyfriend, fiance, whatever – you get a feeling when it’s not right. By the way they act, and the way they interact with you, you can just tell.”
Teresa does admit however that the constant reports have changed the way she and Joe live their lives as they are both now very careful in their actions when they go out. “I was at a bar [with girlfriends] and some guy asked me to dance,” Teresa shares. “I said no, because I knew that if I dance with him, it would be all over the papers.”
She also states that Joe no longer likes to go to clubs without her because “if a female fan comes up to him and takes a picture with him, it will be all over the place. People will think he’s on a date.”
Things are so great with Teresa and Joe that they are even considering trying for baby #5! “If you ask my husband, I’m sure he would want to have more,” Teresa says. “I did go to a psychic once, and she said I was going to have five. You never know!”
And finally, Teresa confirms to the mag that she has no intention of leaving the Housewives series. She also denies there is any trouble in her friendship with co-star Caroline Manzo, despite multiple reports stating otherwise.
TELL US – WHAT ARE YOUR THOUGHTS ON TERESA’S INTERVIEW? IS SHE RIGHT IN STANDING BY JOE?
We reported two days ago that Joe Giudice started a brawl by punching his brother-in-law at the Christening ceremony of his wife Teresa’s nephew, well it now seems there might have been good reason for Joe’s misplaced anger.
Teresa Giudice, star of the Real Housewives of New Jersey, graces this week’s issue of Life & Style magazine under the title, “Betrayed By Her Man.” The magazine cover (a bigger photo is below) goes on to state: ‘Teresa’s Sleazy Husband Caught With Another Woman.’
According to Life & Style, Joe has been leading a secret, double life – filled with regular visits to strip clubs. A former dancer at the Showoffs strip club in West Orange, NJ tells the mag that Joe was a regular at the strip club before it was closed down in 2006 amid accusations of prostitution.
“He was always up for a lap dance,” reveals the insider. “There was a lot of hanky-panky that went down in the club’s basement… If you had money, you could get pretty up close and personal with the strippers.”
Joe was also allegedly a regular at another NJ bar called the Latin Bar. A source says “there was one particular waitress Joe really liked there.” The insider recalls, “She was from the Dominican Republic, about 5 feet tall with big breasts and long, dark hair. Joe would always make sure that wherever he was, he could be back in Paterson on a Friday night so he could see her.”
And finally, Life & Style reports that Joe developed a very close relationship with a “young female staffer” who wasn’t “qualified” for the job back at his former real estate development office. Sources reveal that Joe called his upstairs office the “boom boom room,” and that when he tried to give away his couch, no one would take it.
When contacted by the magazine for a comment, Teresa maintains that her marriage is strong. “I have a great husband,” she tells Life & Style. “I wake up every morning and I’m like, ‘Thank you, God.’”
Magazines usually contact their story subjects to get their statement on the story they’re doing about before the issue hits the press, so there’s a good chance Joe and Teresa knew this story was coming days ago.
More details about Joe’s alleged sleazy ways in the latest issue of Life & Style magazine. The cover photo is below.
Just when you thought the Giudices could not get any trashier, RadarOnline is reporting today that Teresa Giudice and her husband Joe Giudice did just that at a baby’s christening over the weekend. The story you are about to read is insanity squared.
According to Radar, the Real Housewives of New Jersey stars single handedly started an all out brawl at the Christening ceremony for the son of Teresa’s brother and sister-in-law Joe and Melissa Gorga. If you recall, Melissa, whom Teresa absolutely hates and does not get along with, has been added as a cast member to the Bravo hit show, must to Teresa’s dismay.
The drama began at the Gorgas’ Sunday Christening ceremony for their son, you know, the same son Danielle Staub accused Teresa of not acknowledging. Teresa attended the church ceremony without husband Joe, but following the baptism, she and Joe along with their four daughters, arrived an hour late to the reception ceremony which took place at The Manor restaurant in West Orange, NJ.
As the Bravo cameras rolled, Teresa walked up to her brother Joe Gorga to congratulate him and he said in an upset tone: “Now you want to congratulate me after all this time? Now you want to be nice to me? Your husband didn’t even come to the church and you show up an hour late!” a source tells Radar.
Teresa attempted to play dumb and simply responded with, “I just wanted to say hi and congratulations.” However due to the bad blood between the siblings, a verbal argument ensued during which Joe Giudice got involved, leading to a physical altercation between him and Teresa’s brother Joey.
“There were punches, vulgarity. It was like a scene out of a movie,” another source tells Radar of the fight. “Guests were also screaming at the Bravo cameras to get out of there.” With over 100 people in attendance, family members and most of the guests tried to help break up the fight.
Shirts were ripped and Joe Giudice, who might or might not be a midget himself, reportedly yelled at one point to the people holding him back: “I’ll kill that f**king midget!” Another source adds, “Joey Gorga and Joe Giudice were like animals. It was complete chaos.”
Teresa’s father was reportedly extremely upset and yelling for them to stop fighting in Italian. Teresa kept telling her father: “I didn’t do anything, I didn’t do anything,” says a source. At some point, Teresa was yelling at Melissa and Melissa’s sisters got involved. “They also got into a physical altercation with Teresa, who was fighting back. Joe Giudice’s father punched one of Melissa’s brother-in-laws in the face and he was bleeding,” the source said.
Melissa and the guests were reportedly mortified by the barbaric behavior. A family friend at the party tells Radar that “Melissa is disgusted and humiliated. Her heart is broken for her son on his christening day.” Most of the guests were reportedly angry that their kids were traumatized and left with their gifts.
“Teresa’s children Gia and Gabriella were hysterically crying,” says a source. “Melissa’s daughter Antonia was also upset. Kids were running around crying, screaming and hiding.”
The family friend adds that “It was a special day; it was going wonderfully and perfectly and Teresa lost her mind and wanted to make it about her and does what she does best. She couldn’t stand all eyes on the Gorga family. It was similar to the Posh runway show situation [that aired on Bravo] where she started a fight with Danielle [Staub].”
Wowzers! WTF is wrong with these people? And for some odd reason, Teresa continues to wonder why people refer to her as trashy. It seems her contract dispute with Bravo is over as filming has started on the 3rd season of the show. Melissa hasn’t updated her twitter account in days and Teresa, who did not tweet all of yesterday, seems to be in damage control mode as she has spent the last 30 minutes tweeting photos of her daughters in their Halloween costumes, with zero mention of this incident.
TELL US – WHAT ARE YOUR THOUGHTS ON THIS STORY? WHO IS AT FAULT?
UPDATE – Melissa Gorga posted the following on her twitter page – “Thank you all so much for your support, The day started out beautifully, I can’t stop looking at my son, I’m still in shock….”
Despite a report that came out weeks ago stating that Teresa Giudice was done with the Real Housewives of New Jersey because she felt she was treated unfairly by the show, a new TMZ report today is stating that Teresa wants to return to the show, but only if the money is right.
According to TMZ, Teresa is on the verge of getting the axed from the show due to her money demands holding up contract negotiations, and Bravo is reportedly losing patience.
Sources close to Teresa are however firing back, telling TMZ Teresa’s under the impression the other women in the cast are earning significantly more money than she is and she wants to double her salary from last season.
Teresa is reportedly willing to walk away from the show if Bravo doesn’t cough up enough cash. Though Bravo refused to comment on the contract negotiations, they did state that they are looking at possible replacements. TMZ adds that all the other ladies are expected to return, with the exception of Danielle Staub of course, who despite her claims that she left the show on her own accord, was fired by Bravo.
My take on this? This seems like a negotiation ploy by both Bravo and Teresa. As we have previously reported, Teresa’s sophomore cooking book is scheduled to be released at the same time the 3rd season of the show will be returning so despite the leaked information to the press, Teresa needs the show. And with news that Bravo has signed Teresa’s sister-in-lawMelissa Gorga, Bravo needs Teresa back on show as well.
Disclaimer – The next story might or might not be relevant to Teresa Giudice or the Real Housewives of New Jersey. Please proceed to read at your own risk. I kid I kid, well not really
Perhaps it’s a slow news day but RadarOnline is reporting today that Teresa’s brother in law, Pete Giudice, has also filed for bankruptcy.
According to Radar, Joe Giudice’s brother Pete and his wife filed Chapter 7 with the United States Bankruptcy Court in New Jersey on June 29, 2010. The couple listed their monthly income as $7,000 with assets totaling $1.3 million but liabilities of nearly $2 million. Guess this is chump change compared to the $11 million debt of Teresa and Joe.
Pete’s debts are defined as consumer debts with the number of creditors estimated to be between 50-99 with claims ranging from $160 to $46,000. Pete has also filed a notice to abandon his $1.3 million NJ home.
TELL US – DO YOU THINK BRAVO AND TERESA WILL RESOLVE THEIR NEGOTIATIONS DISPUTE? DO YOU WANT TERESA TO RETURN TO THE SHOW?
Good news for the Giudices and bad news for those wishing to put in a bid on their personal items. PEOPLE magazine is reporting the bankruptcy public auction of Teresa Giudice, scheduled for Oct. 3, has now been canceled.
The lawyer for the Real Housewives of New Jersey star confirms the news to PEOPLE, stating that instead of a humiliating public auction, the Giudices will now be holding a private sale to maximize the amount of money they receive for their valuables.
Those valuables include a stainless steel gas range, a flat screen TV, a crest leather & fabric sofas, a faux marble chess set, bedroom sets, and a piano. You can see photos of the items here.
“When the sale is conducted, the Giudices would get $52,000, because they are allowed that as exemptions,” their lawyer, Jim Kridel, tells PEOPLE. “There would have been a shortfall. What if they got $30,000, but they owed $52,000 to the Giudices? It wouldn’t help, so we said why not have a private sale? It would be best for the state, the creditors, the trustees and the Giudices.”
Despite being able to get their public auction canceled, the Giudices are still facing legal troubles. As we reported weeks ago, a trustee for their bankruptcy case alleged in court documents that Teresa and her husband,Joe Giudice, hid assets, failed to report over $250,000 in earnings, and undervalued items listed as personal property exempt from the bankruptcy filing.