Saturday, July 24, 2010

Teresa Guidice To Have Bankrupcy Garage Sale

As if being $11 million in debt isn't bad enough, the "The Real Housewives of New Jersey" embattled star Teresa Giudice is now in an even deeper financial hole.

And most embarrassing, there's going to be a public auction of her personal stuff -- furniture, a boat, that pool table, etc., etc. -- held at her house next month, which should lead to must-see TV for "Real Housewives" fans.

The trustee on her bankruptcy case claims she and her husband Joe have (shock) hidden personal assets. John Sywilok, whose job is to assess the Giudices' assets and distribute the proceeds to creditors, first claimed the couple didn't list profits from several businesses, including a laundromat, her Fabulicious clothing and accessory company, a pizza parlor and her cookbook, "Skinny Italian."

According to The Wall Street Journal, the Giudices are also accused of undervaluing personal  items such as a pool table ($1,000), wedding bands ($400) and living room furniture ($2,000).

But according to People, the Giudice's attrorney, Jim Kridel, says the couple did not hide sources of income. "The contract for Teresa's book was signed after the bankruptcy petition was filed, and all money was received post petition," he says.
It's come to this.


  1. Wow. I feel for the family and all but geez, living that far beyond one's means is ridic.

  2. Come on! Last nite's show he gives her a large canary diamond ring, a month or so before they file bankruptcy?? They are parsites, and everyone else will be paying in higher interest rates because of people just like this! Feel sorry for these 2, nope, their kids yes, of course! They have flaunted their spending over and over again on national TV. They should be make an example of people who just keep doing this kind of thing, 8 mortgages on 3 properties, over 11 million in debt and they are still throwing lavish parties and spending even more knowing they will not have to foot the bill, but all the people they owe that money too will be out! They should get what they deserve!

  3. Totally agree... they lived way beyond their means... the worse part is they show no remorse! shame on both of them and the example they are setting for their children... She should spend her money on birth control!

  4. Although they are in the public eye, they like others, are not perfect. Everybody makes mistakes. People should look at their own lives before judging others. They are not the first to spend beyond their means and they will not be the last. I am pretty sure they will learn from thier mistakes at some point. If they want to keep bringing kids into the world, then that is their business!

  5. they did spend beyond their means but I still feel bad for them-remember people they are losing their home-that is painful whether you live in a mansion or a trailer-thye made mistakes and I'm sure they didn't plan for this economy-losing your house is painful no matter where you live