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Teresa Giudice Bankruptcy

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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Teresa and Joe Giudice arrive at federal court

Teresa Giudice and Joe Giudice have just left court!

In the brief hearing, which lasted about an hour, the Real Housewives of New Jersey stars were each released on $500,000 unsecured bail bonds by a federal judge. 

Per the terms: Teresa and Joe "must surrender their passports and they are not allowed to leave New York or New Jersey until their next hearing, which is scheduled for Aug. 14."

The hearing also revealed that Joe is not a legal U.S. Citizen despite being married to Teresa for 15 years. Joe was born in Italy and will have to submit to drug testing. Teresa will not.

A witness tells Us Weekly Teresa and Joe were "very solemn" during the hearing, but there were "no tears" and their demeanor was "very professional." 

[Photo Credit: TNYF/WENN.com]

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Teresa and Joe Giudice arrive at federal court

The Giudices are back in court again today because yesterday they were indicted for fraud! How's that for a hot date away from the kids!

The Real Housewives of New Jersey stars are being accused of 39-counts of various financial based fraud including wire fraud, loan fraud, federal tax evasion, mortgage fraud, bankruptcy fraud… you get the gist of it! 

Apparently facing time in the slammer doesn't make Joe Giudice feel too good. As the couple waded through a sea of photographers eagerly awaiting to hear their response to the fraud allegations, he started throwing punches! 

NorthJersey.com reports that they were more than an hour and a half early to court. Teresa Giudice wore white. Ha! That's like a shotgun wedding honey, the jig is up and you're no innocent. In the sea of photographers Joe lashed out and "swung" at one of them "hitting a photographer's camera". "Calm down, Joe," his lawyer, Miles Feinstein, was overheard warning. "Don't do that."

Joe and Teresa then walked in to the courthouse linking arms around 8:20 am. 

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Teresa Giudice Book Signing At Books and Books

Yesterday it was announced that Teresa Giudice and her husband Joe Giudice were indicted for 39-counts of federal tax evasion, bank and loan fraud, and bankruptcy fraud among other charges. 

The federal government alleges that the Real Housewives of New Jersey stars intentionally withheld and falsified financial information in order to obtain mortgages they could not afford then they failed to honestly report earned income to the IRS. Then upon filing bankruptcy they lied about income, assets, and potential income. All in all they are in biiiiig trouble, little Jersey! 

It's interesting that despite Teresa being a stay-at-home wife and mother during that time she signed and submitted loan applications claiming she had income and a job.

Another interesting fact: Teresa and Joe have SEPARATE attorneys in the matter. Which is uncommon considering they are a married couple who filed Chapter 7 together and Joe was presumably the sole breadwinner during the timeframe. 

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