Posted Wed, July 28, 2010 2:24pm EST

No Wonder Teresa Giudice Is Broke! She Spent All Her Money On Chessboards & A Suit Of Armor! See Photos Of All Her Wacky Possessions!

Posted Wed, July 28, 2010 2:24pm EST

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!

— Chloe Melas

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mimi tholsted

Posted at 12:51 PM on July 29, 2010  

yes it is overwhelming ……but still …it is very sad….and now everybody knows?????…

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Toots

Posted at 12:06 AM on July 29, 2010  

Yeah, looking at this heavy and ornate furniture and accessories…well, looks like the classic Italian joke furniture doesn’t it? Really…so stereotypical it’s a good laugh. Is she kidding with this crap?

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