RadarOnline.com:
Money-troubled Real Housewives of New Jersey star Teresa Giudice and her husband Joefurniture in a private sale and have even put in their own offer to keep their property. The minimum bid? $54,405. are officially selling their household
According to the notice of proposed private sale filed on December 1, the proposed purchasers are current owners Teresa and Joe, who have offered the court a sale price of $15,000 with exemptions totaling $39,405. Yet, that doesn't mean other bids couldn't be offered.
Any higher bid by an outside party would have to equal the amount of the Giudices offer plus the allowed exemption amount of $39,405. Higher or better offers would be submitted to the selling party no later than January 3.
The Giudices bankruptcy attorney, James Kridel, noted that there is an important technicality.
"There has to be the highest and best offer. Best means a lot of things. If someone offered $500 more and in two payments, that's not the best offer [if someone offers less but in one payment]. So there is a little variable there.
"The judge has some discretion as to what that means. It's like an old expression, 'the law is whatever the judge says it is.' It's not all black and white. They do it on purpose to give the judge discretion to do the right thing, quite frankly, that's my opinion."
Kridel does not expect anyone to object to the Giudices essentially taking back their property, which they had come close to losing for good after filing for bankruptcy late last year.
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