Not only did Teresa’s family file for bankruptcy, but now all their belongings are being auctioned off! HollywoodLife.com look at all the items & now we know why the Giudice family is in the red!
Why does Teresa Giudice need oversized candlesticks and a suit of armor? The star of The Real Housewives of New Jersey filed for bankruptcy in Oct. 2009 because she and her husband Joe were $11 million in debt! Now that Teresa and her husband are unable to pay their debts, John Sywilok, the trustee responsible for distributing the Giudice’s assests to creditors, will hold a public auction at the family’s over-the-top $1.8 million Towaco, N.J., mansion Aug. 22. Even though the Giudices’ claim they make a combined salary of $79,000 a year, it seems the family managed to spend quite a bit more than that on ridiculous and unnecessary items! Click here to see what you can buy and what the Giudices can no longer afford!