Teresa Giudice is $11 Million in Debt
And you thought your debt was bad? Teresa Giudice of the Real Housewives of New Jersey is reportedly broke as a joke to the tune of $11 million dollars, the New York Post reports.
According to papers filed in Newark federal court, Teresa Giudice and her husband Joe claim to make only $79,000/ year between the both of them. WTF is Bravo paying this woman?! Teresa claims she can't handle her credit card bills and the foreclosures.
The court document lists their money woes in detail:
- The bank has moved to foreclose on their $1.8 million home in Towaco, NJ.
- Banks have taken their Jersey Shore house along with another home in Lincoln Park, NJ.
- Teresa owes $12,000 to a fertility clinic.
- They've defaulted on payments for their Escalade.
- Joe personally owes $5 million to former partners of real estate deals.
- On 'Housewives,' Giudice once spent $2,000 in a 10-minute shopping spree, but in bankruptcy papers she claims to spend just (!!!) $400 on clothes a month.
The court papers list Joe's monthly income at the stucco and stone company he owes at $3,250. Teresa earns $3,333 from Bravo, and she recently released a cook book, 'Skinny Italian.'
Teresa has four children and Bravo pays her $3,333 a month?!!!!!!!!!!!!!!!!!!!!!! There are no words.
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August 28th, 2010 12:32 PM
they should make a movie about it. though it wont hit the theateres. I know i would buy the movie. Make it about what goes on behind the scenes and make it about a particular family. well tereas family. Its so intresting that they went into a 11 million dollar hole. a producers friend or makeup artist would have help with the screen play to get the most accuracy. just make sure she gets paid because 11 million dollars just doesnt effect them it effects everyone.
August 17th, 2010 2:42 PM
Well it all kind of makes sense. After the first $8 million debt there is no way in hell you’re ever going to pay back that stuff, so what’s an extra $60 000 on champagne, a couple of curtains and an all you can eat at Vito’s Lobster house down the road?
Let’s hope unlike her pal- Danielle Staub who’ll probably be forced to put out another sex tape (to stay afloat) now that she got fired that Teresa stays in the producer’s good graces otherwise it’s going to be a long time before Teresa drops another $48 million on a lobster roll and trinkets.
http://scallywagandvagabond.com/2010/08/bankrupt-nj-housewife-teresa-guidice-goes-on-a-60-000-shopping-spree/