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Teresa Giudice Bankruptcy

wwhl andy and giudices

Well I know what I’ll be doing tomorrow night! Bravo seems to be cashing in on everything Giudice now that the stars of Real Housewives of New Jersey are heading to the clink. I have to admit, I am still a bit of shock to think of Teresa Giudice serving actual time. Something tells me that Juicy Joe wasn’t surprised to hear his sentence. I feel like he’s been dodging the law for so long, it has to be a bit of relief to get to stop running.

Of course, the Giudices (and the network that introduced them to the world) want to proactively handle the insane publicity that is sure to intensify as we countdown to Tre’s lock-up. Andy Cohen is no dummy. He’s going to milk this for all it’s worth, and he’s already teasing the Giudices’ Monday appearance in the clubhouse on the heels of Teresa canceling her public appearances.

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Teresa And Joe Giudice Court Appearance

Yesterday Teresa Giudice was sentenced to 15 months in prison, while her husband Joe Giudice received a 41 month sentence for federal fraud charges of bankruptcy fraud, mail fraud, and conspiracy to commit wire fraud. The Judge decided to give the couple staggered sentences allowing one of them to always be at home with their 4 daughters. 

Teresa will begin serving her sentence first, on January 5th, 2015, so she will be able to spend the holidays with her daughters. Teresa and Joe owe $414,588 in restitution as a couple and each face two-years of supervised release following prison. 

Below we give a rundown on the course of the day and what led to the Real Housewives Of New Jersey stars’ sentences. 

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Teresa and Joe Giudice

Happy Sentencing Day! Before receiving their federal fraud sentence, Teresa Giudice and Joe Giudice settled their bankruptcy – finally. But unfortunately the news is not good, the judge denied the bankruptcy discharge which mean the case is closed now, and it’s as if the couple never filed for for bankruptcy at all and must repay their debts the old-fashioned way! 

The Real Housewives Of New Jersey stars filed papers to have their bankruptcy closed and it’s now a done deal.  They’ll be able to hold on to some assets such as their home, which the couple was allowed to keep and is now selling

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teresa giudice selling new jersey mansion

Teresa Giudice visited a psychic on Real Housewives Of New Jersey, and that psychic saw her living in a smaller house. Finally facing the writing on the wall, Teresa and Joe Giudice have decided to unload their museum of tackiness! 

Teresa and Joe were able to hold onto their mansion during their bankruptcy filing after the trustee found it to be worth less than than the couple owed and not a viable option to satisfy outstanding debts. With their bankruptcy dismissed and the couple still owing $13.5 million as if they never filed, and their sentencing scheduled for October 2nd, the couple needs to do all they can to lessen their financial burden. 

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teresa giudice joe

Remember when Teresa Giudice filed for bankruptcy to the tune of $13.5 million dollars… all those long years ago after the first season of Real Housewives of New Jersey?  Well, Teresa’s bankruptcy is finally settled!

Teresa has pretty much moved in at the courthouse, which I suppose is better than a jail cell, because Teresa and Joe returned to court to finally discharge their Chapter 7 filing of which there were 45 claimants. 

“The case is fully and properly accounted for as provided by law. The trustee hereby requests to be discharged from further duties as a trustee,” the trustee, John W. Sywilok stated in court documents.

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Teresa and Joe Guidice plead guilty in Federal Court in NJ

If you're totally and utterly confused about what the hell goes on in the world de Giudice, you are not alone!

Here we all were thinking that Teresa Giudice withdrew her bankruptcy filing in lieu of repaying her defrauded creditors the good ol' fashioned way – with work! But now media outlets are reporting Teresa and Joe, who both pled guilty to multiple financial fraud charges (including bankruptcy fraud), recently had their bankruptcy discharged. Which would mean they went forward with the filing? Seriously – any experts please chime in! 

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teresafamily

Less money, more problems! I guess every penny counts when you're about to go to prison and owe the feds a zillion dollars! And I guess when you've already pulled a big, humogo scam a little, bitty one doesn't hurt, right?

Teresa Giudice and fam were at the beach this weekend soaking in some of the last hot days of summer. Sadly, like all things Real Housewives of New Jersey, an innocent gathering quickly turned into a hot mess needing police involvement! 

Here's the story from TMZ: Teresa and Joe Giudice were at Ship Bottom beach on Long Island with a ton of friends and family, including their kiddos and parents. Unfortunately the beach requires $5 entry fee per person and somebody didn't wanna pay no stink' $5 dollars! (TUH-REE-SA!)

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Teresa and Joe Giudice arrive at federal court

Teresa Giudice is getting a lot of attention as of late for her alleged criminal activity.

Earlier we wrote that Teresa and Joe Giudice had hired separate defense attorneys to combat their fraud indictment. We speculated that it seemed uncommon to have separate attorneys as a married couple fighting the same charges and I commented that I believed Teresa and Joe were planning to have him take the heat so she could try to avoid a more serious punishment like jail time. Remember, Teresa has no priors. Joe, well – you know… 

In response to our story a criminal defense attorney (who does not represent Teresa or Joe) reached out to us to clear up some aspects of how the legal process works. The attorney we spoke to explained that it's "very common in criminal proceedings" to hire separate attorneys. Apparently many judges will not allow both parties to share legal representation because "as individuals, they have separate interests and those interests need to be protected."  

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