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 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.
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.
Even with Dina gone, Danielle still manages to cause a scene and even more drama for the remaining housewives. The ladies of the Garden State spend an evening at Kim’s Posche fashion show. While Caroline warns Teresa and Jacqueline that it’s a bad idea to attend the show if Danielle will be there, the ladies attend, choosing to ignore her advice.
Things eventually erupt thus leading to the ultimate confrontation. Watch tonight at 10/9c on BRAVO.
The New Jersey ladies also had some interesting critique regarding Danielle’s Staub new porn singing career. Danielle debuted her single “Real Close” on Monday’s Watch What Happens Live — singing alongside singer-songwriter Lori Michaels.
“I mean, whatever,” Caroline Manzo told UsWeekly. “Clearly she can carry a tune. Is she a singer? I’m not quite sure.”
“It wasn’t horrible,” Jacqueline Laurita added. “It was very breathy. It wasn’t a wide range. She was just singing really breathy in the microphone, so it’s hard to hear the range of her voice.”
“She skated past it,” Caroline sniped. “She did what she had to do, and fine. But can she really sing? Let’s belt one out.” Added Teresa Giudice: “It’s not like she was really singing….Ask Simon from American Idol.”
A preview clip of tonight’s episode is below –
TELL US: WHAT ARE YOUR THOUGHTS ON THE PREVIEW AND TONIGHT’S EPISODE?
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.
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, 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 ChrisManzo 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.
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 –
Last week, Danielle Staub introduced us to her two ex-con friends who will protect her from the big bad Manzos. Below is Jacqueline’s hilarous take on that whole situation, taken from her bravo blog -
“Introducing tweetle dumb and tweetle dumber! Are these guys actually coming on national TV and playing that Wangster card? Seriously? No one is listening Danielle, and nobody cares! If Danny really was the wiseguy he and Danielle are trying so hard to portray him to be, I am SURE his superiors are not too happy with him right now. I don’t think a real wiseguy would go on national TV and announce that to the world. It wouldn’t be very smart. Although, it might be good for his acting career. Hmmm. Danielle did nothing but make herself look like a paranoid lunatic who brings ex felons around her and into the lives of her children. Danielle claims 25 years ago she fell into the wrong crowd. Does she feel that today she is surrounding herself with a better crowd? Check again, devout Catholic. Birds of a feather, huh? Are felons even allowed to associate with other felons while on probation? I thought that was not allowed. Is it appropriate for Danielle to choose to bring those felons, for the reasons she chose to bring them, to a sensitive benefit for a family who is fighting for their daughter’s life? I don’t think so. Let’s just see what kind of drama Danielle decides bring to this benefit to make it all about her. Watch what happens.”
Who knew Jacqueline had a great sense of humor. Moving on to tonight’s episode. After bringing home baby number 4 from the hospital, Teresa decides it’s finally time for Joe to get “snipped.” Meanwhile, Caroline invites the ladies over for a “girls night in” with cocktails and snacks where the conversation turns to Danielle’s invitation to Dina’s charity at the Brownstone –will tensions rise over the her potential appearance?
And the road of good intentions gets bumpy for Danielle when she and her protective entourage prepare to attend the Brownstone. How will it all come to a head? And will things turn violent? Find out tonight @ 10/9c on BRAVO.
Below is a video preview –
TELL US: WHAT ARE YOUR THOUGHTS ON TONIGHT’S EPISODE OF THE NJ HOUSEWIVES?
Meanwhile,Chris Manzo scores big when he gets an inside look into his dream business, and wife Jacqueline gets an inside look into her husband’s secret safe. And as the Brownstone prepares for a big night, Danielle gets an invitation she can’t refuse, but makes sure to get “back-up” from an old friend before she RSVPs. Will she cause a dangerous stir at the party? Find out tonight at 10/9c.
And in other news, Teresa’s new cooking book – Skinny Italian, actually made the New York’s best seller list.The book teaches us all how to enjoy Italian food and look great while eating it. Congrats to Teresa!
Check out the preview clip below. Teresa’s in feels pressure “down there” and is ready to go to the hospital -
CLICK THE READ MORE BUTTON FOR A MORE RECENT PHOTO OF BABY AUDRIANA!