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Real Housewives of New Jersey Season 3 Teresa Giudice

The never ending legal drama for Real Housewives of New Jersey star Teresa Giudice continues.

Almost 2 years after filing bankruptcy to the tune of $11 million in debt, Teresa is facing the possibility that her bankruptcy filing could be overturned. Why? She is facing trial for bankruptcy fraud alongside her husband Joe Giudice.

If you recall, we reported last year that the Giudices were scheduled to go on trial July 14th. However the Giudices were able to get that date postponed last month. While New Jersey Judge Morris Stern refused to dismiss the trial, he did postpone it to October 13th… just in time for the filming of the RHONJ season 4.

The Giudices’ trustee John W. Sywilok is accusing them of concealing assets and hiding income on their bankruptcy filing. You can read all about that by clicking here. The goal of the trustee is to get the bankruptcy granted to them dismissed so that they will be responsible for all their debt. In addition to that, Teresa and Joe also have another trial scheduled for January 2012. It appears plaintiffs in that case are trying to get a judge to exclude a mortgage debt related to Joe’s dealings with his former business partner Joe Mastropole, excluded from their bankruptcy.

In other NJ news, Teresa’s sister-in-law Melissa Gorga spoke about their feud in a new interview. Melissa, 31, reveals she is willing to let bygones be bygones when it comes to her relationship, or lack thereof, with Tre. Melissa also insinuates that Teresa was only willing to make up with her because of the Bravo cameras.

“There’s definitely times where I hear her point,” Melissa told the L.A. Times “But it’s been frustrating for me because I’ve been asking her for years and years and years to fix it, to work it out with me. All of a sudden, within the last year, she was doing all the right things and saying the right things. But better now than never, I guess. I’ve been trying to get her to act this way for years. I guess I was confused: ‘Why now?’ But whatever. We’re family. I’m always willing to forgive.”

So how is their relationship today? “Right now, she’s my sister-in-law,” Melissa said. “We have kids the same age — we try, we try to work it out. And we try to be together for the family. It’s not like we’re best friends, but we’re family. I want my husband to have a relationship with his family.”

TELL US – THOUGHTS ON THE LATEST?

More money troubles for the bankrupt Teresa Giudice, star of the Real Housewives of New Jersey.

According to a new RadarOnline report, a NJ judge has ordered Teresa’s husband Joe Giudice to pay $260,000 to his former business partner Joe Mastropole.

This all stems from a lawsuit filed by Mastropole in which he accused Joe of forging his signature on a mortgage loan and then pocketing $1 million from that loan. Judge Morris Stern reportedly found Joe, who he described as lacking credibility, guilty of forging the signature.

According to the judge, Joe will have to pay his former business partner the $260k in spite of his legal claim for bankruptcy protection.

“The signing of Mastropole’s name was a forgery… exhibiting willfulness and malice toward a former friend and current adversar,” Judge Stern wrote in his judgment, handed down in the U.S. Bankruptcy Court in Newark on Monday. “The extraordinary web of lies and misrepresentations woven by Giudice to implement and cover his misconduct reflects on his approach to business matters and suggest his disregard for legal restraints which would bind others.”

Moving on to other NJ news, despite her unwillingness to confirm or deny her return to the Real Housewives of New Jersey on the Bravo New Year’s Eve special, Popeater is echoing what we suspected all along, which is that Dina Manzo will not be returning to the Bravo hit show.

Dina however tells the site that her TV career is far from over. “You’ll see my face pop up on TV in the near future. I’m working on something very exciting, but it’s not reality TV,” says Dina who adds that she’s “happier than ever” since quitting the show. Though we’re not really sure what storyline Dina would have had after her ex-husband reportedly refused to allow their daughter Lexi to continue filming, in addition to her current husband, Tommy Manzo, who has also refused to do the show.

“I love them all. They’re great. The show just wasn’t for me. I’m a private person,” added Dina, who has appeared on two national reality shows in the past couple of years.

TELL US – THOUGHTS ON THE NEW RULING AGAINST JOE? PLUS WILL YOU MISS DINA ON THE NJ HOUSEWIVES?

Teresa Giudice and Joe Giudice In Court

More news to report in the Teresa Giudice bankruptcy saga.

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?

Teresa Giudice

Not that you needed any more reasons for your disgust dislike of Teresa Giudice, but we’re about to give you 60,000 more.

The NYPost is reporting today that the Real Housewives of New Jersey star celebrated being debt free by going on a $60,000 spending spree, after filing for bankruptcy to the tune of $11 million in debt back in October, 2009.

The shocker hasn’t even come yet. According to the Post, Teresa and hubby Joe Giudice blew $8,800 for curtains and nearly $45,000 on wall hangings, mirrors, frames, tables, urns and chairs, just days after filing bankruptcy. Just days folks…. Unbelievable.

CLICK HERE TO SEE PHOTOS OF TERESA’S HOME ITEMS SET FOR AUCTION!

This little tidbit came out yesterday as the morons Giudices had their attorney James Kridel file a court document with receipts that detailed the irresponsible spending, as a way to show the court that some of their auction items were purchased after their filing. The Post reports even Kridel seemed at a loss for words when trying to explain the asinine spending to Judge Morris Stern, saying he knew the documents presented “a dilemma” and that the Judge might view it as “conspicuous consumption.” Ya think?

“These were not Ikea-purchased furniture items,” Judge Stern said. “These were from high-end design stores.”

As we reported yesterday, the judge refused to stop the public auction of the Giudices home items, but postponed it to Oct. 3. Bankruptcy trustee John Sywilok, who has accused the Giudices of concealing assets, was also present during the hearing and stated that right before their bankruptcy filing, the Giudices purchased $21,000 worth of furniture and paid off a total of $11,000 of that amount just two days before filing.

And there’s more folks! While Teresa refused to comment on her irresponsible wasteful disgusting spending spree, hubby Joe, who is said to have been sweating profusely, got a little testy at the reporters. “None of your business! Back off before I get pissed!” stated an angry Joe outside of the courtroom.

And somewhere in America, an average couple is holding multiple jobs to keep a roof over their heads, feed their kids, and pay off their debt, while the Giudices get to remain debt free and live in their $5 mil mansion! Surely this has to be criminal…

UPDATE: Teresa’s lawyer James Kridel tries to explain the unbelievable spending spree she went on just days after filing bankruptcy.“That was the money she earned as an advance for her book Skinny Italian,” her attorney tells PEOPLE. “Since she earned it after the filing, she was absolutely free to spend it.”

It doesn’t end there. Kridel then tries to explain why Teresa needed to buy $60,000 worth of furniture while also acknowledging just how incredibly awful and disgusting this makes his client look. “She needed to re-buy furniture because she didn’t have any furniture in the house,” says Kridel. “It’s a big house and she wanted furniture consistent with her style on the show. There is nothing wrong with doing that, except that it doesn’t look good for her to be doing it.” No Kridel, it doesn’t, not by a long shot.

Must say it’s quite interesting that Teresa managed to receive her book advance just a few days after filing bankruptcy.

TELL US – WHAT ARE YOUR THOUGHTS ON THIS LATEST DEVELOPMENT? ARE YOU OUTRAGED?

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