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Joe Giudice

They say when it rains it pours, and when it comes to the financial troubles of Teresa Giudice, it seems to be storming.

First news came out that the Real Housewives of New Jersey star and her husband Joe Giudice filed for bankruptcy last October to the tune of $11 million in debt. Then the NYPost also reported the Giudices’ finances was being investigated by the IRS. News of a $1 million fraud/forgery lawsuit against Joe by his ex-business partner also made headlines.

Fast forward to today and there is now a new story from Zap2It, via the Wall Street Journal, stating the Giudices are being investigated for concealing some of their assets during their bankruptcy filing.

The accusation comes directly from their Chapter 7 trustee John Sywilok, who is responsible for rounding up the couple’s assets in order to distribute payments to their creditors. Sywilok is investigating them for concealing income and assets.

They alleged assets & income concealed include:

  • Interests in a pizza parlor and Laundromat,
  • Teresa’s TG Fabulicious clothing and accessories company, and
  • Teresa’s “Skinny Italian” cookbook, which is a New York Times bestseller

Sywilok also accuses the couple of making false statements under oath about their assets, income and expenses. Perhaps some of our readers knowledgeable in law can comment on the seriousness of this accusation. Is it right up there with tax evasion?

But the financial troubles still doesn’t end there for Teresa and Joe. While Teresa continues to try to convince us her home is safe, despite the fact that it was publicly listed for sale last month, albeit briefly, it seems the contents of her home might be in serious jeopardy.

The trustee is also trying to hold a public auction for the contents of the Giudices $1.7 $5 million NJ mansion, which happens to be the home they live in.

The auction has already been set for August 22, and up for grabs will be the couple’s home furnishings, accessories, tools and a boat.

Ironically enough, Teresa, who might or might not be completely out of touch with reality, is in this week’s issue of InTouch magazine showing off her home. Teresa tells the mag, “We had our house built with nothing but marble, granite and onyx.” She adds,“I don’t think you can ever have too much of that. I could’ve had even more.” And folks, we simply can’t make this up.

TELL US: WHAT ARE YOUR THOUGHTS ON THIS STORY? DO YOU FEEL BAD FOR THE GIUDICES OR DO THEY HAVE NO ONE TO BLAME BUT THEMSELVES?

It seems to be pouring for Teresa Giudice as the NYPost is new reporting more financial troubles for the Real Housewives of New Jersey star.

In addition to their $11 million debt and October 2009 bankruptcy filing, the Post is now reporting Joe Giudice is being accused by a former business partner of forging his signature on a mortgage document in order to take out another loan and pocket $1 million.

Court papers reveal the alleged forgery took place in 2007, and it’s unknown what Joe did with the cash. The said business partner Joe Mastropole won an Oct. 23, 2009 judgment in his case, which is now in dispute because the Giudices filed for bankruptcy just days later.

An attorney for the Giudices admitted that Joe signed the document, but said he did so with Mastropole’s permission. Mastropole however calls this “a lie.”

The problems don’t end there for the Giudices as people are also questioning whether the big time spenders – who owned three homes and drove a Cadillac Escalade and a Maserati — are really broke. “I think that Joe had numerous assets,” said Bob Kaslander, co-owner of Excelsior Lumber in Butler, NJ, who was stiffed $91,266. “I don’t think they’re bankrupt.”

The IRS is also currently investigating Joe Giudice’s business interests, which included a stone and stucco company.


Get ready to see even more of the Kardashians whether you like it or not as the NYPost is reporting Khloe Kardashian and hubby Lamar Odom have gotten their own reality show.

According to the Post, the show will follow the newlyweds as Khloe, 26, tries to get pregnant, in addition to other storylines such as trying to furnish her new home with Lamar.
E! has yet to confirm the news, but Khloe however tweeted the following this week: “Amazing lunch meeting with Lamar! So many amazing new things are about to happen!”
The E! network is also home to the other million Kardashian reality shows including “Keeping Up With the Kardashians,” “Khloe and Kourtney Take Miami,” and the show sister Kim Kardashian produces, “The Spin Crowd.”


Let’s hope the show doesn’t end the couple’s marriage ala Jessica Simpson and Nick Lachey, Jon and Kate Gosselin etc.

In an effort to distract people from her bankruptcy news show off her post baby body, Real Housewives of New Jersey star Teresa Giudice is stripping down to her bikini in the latest issue of InTouch magazine.

The 38-year-old mother of four declares she likes her “body better now!” since having her children. Teresa also credits her breast implants for helping her feel confident in a bikini. “I just got them done last summer, so this is my first time wearing a bikini and I have to say, this is the happiest I have ever been with my body. I feel like I have the whole package!”

Teresa, who’s been married to hubby Joe Giudice for 10 years explains how a “healthy Italian diet,” gym workouts and running after her kids has helped her get into tip-top shape for the summer.

Excerpts from her interview below -

You look amazing! How much do you weigh now?
Well, I hardly ever weigh myself, but I do fit back into most of the clothes I wore before I had Audriana. I think I’m a 27 jean size and size 4 in dresses.

Did you diet to lose the baby weight so fast?
No! I’m never on a diet. I always eat what I want. When I was pregnant, I had to eat anything that was in front of my face. It’s an Italian thing — they say if you see something and don’t eat it, your baby will get a birthmark!

What part of your body do you like the most?
I love my new boobies, but if I had to pick between an ass or boobs, I’d have to say my ass is more important to me. I’m proud of my bubble butt!

More bikini shots of Teresa below.

In other housewives news, a new episode of Bethenny’s Getting Married? (really hate dislike that darn question mark) is airing tonight. In a different kind of March madness, Bethenny Frankel tries to get some planning done but it’s hard when she competes with March Madness for Jason’s attention. A preview clip is below.

CLICK HERE FOR MORE PHOTOS OF TERESA IN HER BIKINI! -

If there’s one thing we have all grown accustomed to when it comes to Bravo housewives, it is their penchant fondness for the good life and excessive, borderline obnoxious, bragging of their “lavish lifestyles.”

Not exempt are the Real Housewives of New Jersey, and thanks to the good folks at Jezebel.com, the financial history of each of the ladies has now been uncovered.

For example, did you know three civil suits were filed against Danielle Staub and her ex-husband Thomas Staub, including federal and state tax liens? Yeah, neither did we. This might explain why a 47-year-old mother of two would make a sex tape and sell it to the highest bidder. All allegedly of course.

Below is more information about each housewife’s financial history -

Caroline Manzo – Caroline’s husband Albert Manzo has been involved in over 30 judgments and liens (one brought on by a family member) since the early ’90s up until two years ago . Throughout the ’90s and into 2000, there were several judgments against Caroline for nonpayment of hospital and doctors’ bills, as well another judgment involving “Church Chronicle Publishing.”

  • A state tax lien for $10,546.17 was filed against Albert Manzo in 2000.
  • A judgment in favor of the Federal Mortgage Association for $148,000 also against Al.
  • A few judgments in favor of the First Bank of USA and North Jersey Federal Credit for a combined total of over $10,000.


Dina Manzo – Jezebel reports out of all the housewives, Dina is the only one who has a clean slate when it comes to her financial history. Her husband, Tommy Manzo, is however a different story. Dina married Tommy (the brother of Caroline’s husband) in 2006 in a lavish wedding that reportedly cost $1.5 million. The wedding was featured on VH1′s My Big Fat Fabulous Wedding. You can watch that here.

  • Tommy was sued by American Express for $12,599 in 2007
  • He was also sued by the Bank of America for an undisclosed amount.


Jacqueline Laurita - Similar to Dina, Jacqueline also seems to have a clean financial slate. However as we reported this week, the company of Jacqueline’s husband, Chris Laurita, filed for bankrupty last year. The company, Signature Apparel Group LLC, was behind the Rocawear and Eve’s Fetish clothing brands. The financial issues found on the Lauritas were for the years 1988 and 1990.

  • United Jersey bank successfully won a judgment against Chris for over $18,000 in 1988.
  • American Express also successfully won a judgment against Chris for almost $3000 in 1990.

CLICK HERE TO READ MORE ABOUT THE LADIES’ FINANCIAL HISTORIES!

Teresa Giudice Home

Financial woes continue for Teresa Giudice and her husband Joe Giudice.

The latest is now that the Real Housewives of New Jersey star, who famously declared on the show’s 1st season that living in a previously-owned home was “gross,”  has listed her famous New Jersey home for sale. The asking price? A cool $3,999,000.

Oddly enough, Teresa and hubby Joe declared the home value to be $1.7 million in their October 2009 bankruptcy filing. Guess the home value must have doubled since last year.

There are also conflicting reports on the status of the home, which they can be seen living in on the Bravo reality show. A previous report by the NYPost stated the bank had started foreclosure proceedings on the extensive marble home. Perhaps trying to sell the home for a $2.3 million profit is their last ditch attempt to save it and make some quick change.

And a new report by the NYPost today claims Teresa is capitalizing off her new bankruptcy fame. According to the Post, Teresa will be appearing in next week’s InTouch magazine to talk about her body and workout routine. Teresa is said to be getting paid less than $10,000 for the story. The post however claims the article will not focus on her financial woes.

UPDATE - Teresa is now claiming via her twitter page, that her home is not up for sale.  She tweeted, “HUGE NEWS CORRECTION-I’m telling you guys first and directly…MY HOUSE IS NOT FOR SALE!!! Sorry if you were dreaming of moving in w/ me. xx”

Perhaps more of that “family assistance” has come in for she and Joe, as houses just don’t magically appear on real estates websites for sale.

Also continuing to make headlines is Danielle Staub, who’s sex tape is set to be released next Monday.

Danielle, who reveals her past as a stripper and escort in her memoir – The Naked Truth, is now claiming she was blackmailed for months over her sex tape.

In a new interview with HollywoodLife, the mother of two opens up about the sex tape. “I had a sexual relationship that was supposed to remain private,” claims Danielle, who has done nothing to try to stop the release of the tape. “I was approached and I’ve been being blackmailed for quite some time and there’s NOTHING I could do to shut it down.”

Right Danielle. She also denies claims that she leaked her own sex tape. “I would never release my own sex tape. I would never do such a thing,” she says adamantly. “It’s not true that I made the film to be released to the public,” she says. “I’m holding the camera in my hand and taking pictures of myself so I don’t know why people think the footage is high quality.”

So says Danielle who filmed the sex tape months after the airing of the first season of the Real Housewives of NJ. As we have reported, all signs point to Danielle being behind the so called “leak “and “theft” of the sex tape.

t-giudice

News of Teresa Giudice’s bankruptcy to the tune of $11 million in debt sent the web buzzing on Saturday. After sending out a message via twitter to tell her fans she was “fine,” Teresa is now once again breaking her silence in a statement to PEOPLE magazine.

“While this is a personal matter, I realize that certain aspects of my private life will always be subject to scrutiny and distortion,” said the Real Housewives of New Jersey star. “What is true is that due to the economy, most of my husband’s real estate ventures failed despite his hard work and effort. As a result, we looked to the Bankruptcy Court for a ‘fresh start.’”

Not quite sure what Teresa means by “distortion” considering the debt figures came directly from the bankruptcy court papers she filed with her husband Joe Giudice. Teresa, 38, and Joe filed for Chapter 7 bankruptcy, which requires liquidation of assets in order to pay creditors.

Amongst Teresa’s irresponsible debt?

$104,000 Credit Cards debt including $20,000 to Bloomingdale’s, Neiman Marcus, Nordstrom

$1,280 monthly payment for Cadillac Escalade

$85,600 Home repairs

$12,000 Fertility treatments

And despite Bravo’s Andy Cohen falsely proclaiming on the Today Show this morning that Teresa’s $1.8 million home was not in foreclosure, the NYPost reports the banks have started the foreclosure proceedings on the NJ home. This is the home Teresa was shown moving into during the first season of the NJ Housewives.

Andy also revealed one of the upcoming episodes will feature Teresa throwing an extravagant housewarming party. “When people fall, the way to success is to get up and learn from our mistakes,” says Teresa. “We are in that process.”

Just last week, Teresa was shown bragging about spending a lot of money on her daughter’s birthday party.  It will definitely be interesting to see the public’s reaction to Teresa’s frivolous spending as the show moves along.

Bravo+Real+Housewives+New+Jersey+Teresa+Joe+Giudice

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.

danielle staub

Last night’s episode of the Real Housewives of New Jersey was without a doubt the best this season, all thanks to Danielle Staub.

Danielle, who exhibited the paranoia and delusions of Kelly Bensimon mixed in with the narcissism of Jill Zarin, brought us great TV when she decided to use the fundraising event of a cancer struck baby to further her own agenda against the Manzo family.

Danielle made sure to to show up to the event with a crew/posse, ex cons included, and even permitted them to raise hell, but ofcourse leaving Chris Manzo out of it, because he is underage afterall. It was obvious from the start that Danielle was looking to stir up trouble, and nothing the Brownstone could have done would have prevented that. Dani also made sure to include her friend Kim G. in her madness, and Kim G. for whatever reason decided to go along with it all.

Well the father of the baby, who the fundraiser was held for, is now speaking out. In a new interview with Zap2it, Chris Stilianessis shares his thoughts on the events that occurred that faithful night.

“For starters, I would tell Danielle thank you for bringing my daughter’s illness to the table and to the ‘Housewives of New Jersey,’” said Stilianessis. “However, I would also tell her that I’m very surprised that you would utilize my daughter’s sickness for your own selfish reasons, to get back at the rest of the housewives.”

Stilianessis also reveals he was not aware of Danielle’s beef with the Manzos. “I had no knowledge of Danielle’s relationship [to the Manzos] prior to the fact,” he says. “Because if I did, I would have asked her politely not to come.” He continues, “She showed up to the event with I want to say in the realm of 25 people,” he says. “She had some guys who were Hells Angels. She came with people who, I come to know now, were people who were in jail. I was under the assumption they were her friends.”

It seems a friend of Danielle’s bought her one table at the benefit for $350.00, which held only 10 people. However Danielle decided to show up with over 20 people “for protection.”

“When you’re going to a charity event for a child, what do you need that for?” asks Stilianessis who also shares that Danielle only raised $300.00, which came from the owners of a local supermarket. And since her table was paid for by someone else, Danielle has yet to donate any money herself.

chris-emanuela-cancer-benefit

Stilianessis, pictured with his daughter above, still hopes that Danielle will see that what she did was wrong and apologize. “If she really has changed as she says she has,” he says. “There will be a public statement. That day in the restaurant, she had tears in her eyes. If those were true tears, her heart would open with an apology.”

The good news is that Emanuela’s cancer is currently in remission. Anyone who would like to get more information on her fight against heptablastoma can visit the Emanuela’s Heart for Hope website.

CLICK THE READ MORE BUTTON FOR MORE THOUGHTS AND RECAP –

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