Bankrupt NJ Housewife Teresa Giudice Explains How She Blew $11 Million & Insists Her Home Isn't In Foreclosure!

Wed, September 1, 2010 9:25am EST by 19 Comments
teresa giudice, bankrupt, foreclosure, real housewives of new jersey

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Teresa finally opens up on her lavish spending, including her $10,000 shopping sprees and over the top wedding! Luckily, she just asked Bravo for a 200% raise to hopefully keep her and her daughters in heels!

Teresa Giudice is finally breaking her silence about how she and husband Joe managed to find themselves $11 million in debt — and of course taking none of the blame! Teresa told In Touch that her bankruptcy is the result of tenants not paying rent on her husband’s investment properties, before she goes on to say about her wedding, “my flowers cost $10,000, which was a lot of money 10 years ago.” Hmmm.

Teresa’s wedding dress was also $10,000, as was her wedding photographer. How does one even go about finding a $10,000 wedding photographer in the state of New Jersey?!

Teresa was not the only clothes horse in the family either, with Joe himself being an admitted shoe fetishist. “I had all these $150 pairs, and I never wore half of them,” said the gentleman famous for doing shots at friends houses after getting into car accidents in the early morning hours.

The Giudices have a plan however — they are making their daughters wear hand-me-downs! No word if Teresa herself would be curbing her clothing budget.

Teresa also continues to say it is her husband’s investment properties and not their home or shore house that is in foreclosure. “We haven’t lost anything yet,” she proudly proclaims.

She is also attempting to supplement the family income by asking Bravo for a 200% raise as well a percentage of DVD sales according to TMZ. Guess those Skinny Italian sales aren’t what she had hoped.

Teresa also has an amazing new plan that should definitely be the answer to all the family problems, “I want to save more.”

-Chris Spargo

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sex

Posted at 4:08 PM on April 25, 2012  

Woah this weblog is great i love studying your posts. Keep up the great paintings! You know, lots of individuals are searching around for this info, you could help them greatly.

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janice

Posted at 5:57 PM on October 8, 2010  

I WOULD LIKE TO KNOW WHY THERESA AND JOE’S GUIDICE’S HOME HAS NOT BEEN FORECLOSED……….????? WHY HAS THE FURNITURE NOT BEEN AUCTIONED EITHER.???? WHEN I HAD TO FILE FOR BANKRUPCY THE GOVERNMENT TOOK EVERYTHING AWAY FROM ME……….AND I AM A SENIOR WHO ONLY OWNED A MOBILE HOME AND MY ONLY INCOME WAS A MONTHLY SS CHECK……… THIS IS A JOKE !!!!!!!!!!! RIGHT ???????

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Twisted Waters

Posted at 5:52 PM on September 7, 2010  

Teresa is violent and they want her gone. She is also retarded with an I.Q. of 63.

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Donna

Posted at 8:53 PM on September 5, 2010  

So what. There are a lot of people who’s spending exceeds their pocket book. The only problem I have with this show is the fact that Bravo is willing to put a real criminal on air (Danielle).

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mimi tholsted

Posted at 8:33 PM on September 5, 2010  

just watched the reunion first part again to day New Jersey – housewives….. Tomorrow second part.. how is your toes in your sandals or shoes???????..

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jensen

Posted at 6:43 PM on September 4, 2010  

she looks like a tranny hooker and unfortuantly dresses her kids like they are too.

this woman has no class, no taste and is brainless to boot…she has demonstrated that she lies, has a violent temper and is basically ignorant of any sense of decorum

the absolute dregs of humanity

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mimi tholsted

Posted at 12:16 PM on September 4, 2010  

,Boo, where are you on this one, we need your input, you are good at it? not kidding! smile!

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Karen

Posted at 3:02 PM on September 3, 2010  

To Mimi
In regard to your question as to how one can be in debt for so much….It’s easy. Joe took out too many loans and didn’t pay any of them back. He couldn’t even pay for his car or insurance. He even forged his partner’s name. The same thing his brother, Pete Guidice, did.

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mimi tholsted

Posted at 6:27 PM on September 3, 2010  

Wauh Karen thanks for your informations……incredible, how far people will go, and his brother too……? How do they sleep at night?

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Lincoln park alumni

Posted at 9:19 PM on September 6, 2010  

His brother Pete is a bad seed!! He gave a guy stitches to the face over drug money! Big brother Joe made him pay the bill!

 
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Karen

Posted at 2:57 PM on September 3, 2010  

Tersea is a liar. Her signature is on all the bankruptcy papers. It’s on public records.

What about spending $60,000. after filing? Someone should have asked her if she had any “empathy” for all those families that she and Joe didn’t pay…ooops. she wouldn’t know what that word meant.

When Andy asked Tersea that heard whether she knows some of the new housewives they are now interviewing, she said, NO.
He doesn’t go into it with her….It’s her sister-in-law!

Her wedding was not what caused her to go into bankruptcy.
Get all new people on this show. It’s like a boring soap opera.

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mimi tholsted

Posted at 6:30 PM on September 3, 2010  

new people – sister in law……?hm!

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Mimi

Posted at 5:21 PM on September 7, 2010  

Teresa is just an obnoxious idiot and those kids are LOUD MOUTHED BRATS like her!

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mimi tholsted

Posted at 1:16 PM on September 3, 2010  

Teresa I do not like the style of cloth for your girls??? it no classe…………..try some thing new newer ……?

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Tammy

Posted at 9:22 PM on September 2, 2010  

Tackiness comes with an expensive price tag.

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mimi tholsted

Posted at 12:01 PM on September 5, 2010  

I guess you are right Tammy…

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Kirsten

Posted at 2:06 PM on September 2, 2010  

It’s very easy to find a $10,000 photographer here in north jersey. I sure didn’t do it but trust me, it’s easy!

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lolanyc

Posted at 1:06 PM on September 1, 2010  

she is a vile woman. They are scammers and cheaters. They charge up a storm.. who the heck charges or spends 11 million??! They wanted to so they could file for bankruptcy and have the state pay their bills. Its pathetic they way she raised her daughters, They act like such brats! I watch the show cuz its such a train wreck. But im tired of her whinny ass. I love how she didnt keep her composure at the reunion show. that was her acting so she can get more money. U know what bravo fire her. how about cancel the whole show. I take NYC any day. even with nutty kelly.

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mimi tholsted

Posted at 11:36 AM on September 1, 2010  

11 million dollars = a lot of money…….how is this possible?……

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