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.
A pre-trial has been set for Dec 14th, 2010.