real housewives bravo teresa giudice claims bankruptcy 2 'Real Housewives of NJ's' Teresa Giudice is bankrupt to the tune of $11 million?The Real Housewives of New Jersey’sTeresa Giudice is a TV star, her cookbook, “Skinny Italian,” is a bestseller and her husband, Joe Giudice, owns his own stucco and stone company, but all of that can’t keep up with their life of bling if there isn’t enough ching.

Popeater reports that the couple filed bankruptcy in Newark Federal Court and the papers show that the couple only makes $79,000 a year between them.

Hmm, it now makes sense that Teresa claims they pay for everything in cash – if this is true then the bank would take it if they deposited the money!

According to alleged court records:

  • Joe
    makes only $3,250 monthly from his business and Teresa earns a sad
    $3,333 a month from Bravo. Oh, and the New York Post reports that the
    couple gets an extra $10,000 a month from family members!


  • Their huge $1.8 million mansion in Towaco, NJ, which Teresa spent all of Season 1 obsessively accessorizing with real marble, is in foreclosure. That, of course, would be in addition to a foreclosure on their Jersey Shore vacation home and an investment property that was foreclosed on in Lincoln Park, NJ last year.

    • It would seem that Teresa and Joe aren’t as naturally fertile as they claim. They allegedly owe $12,000 to a fertility clinic.

    • That Cadillac Escalade that Joe said is getting too small for their growing family? They’ve supposedly defaulted on the payments.

    • And you know all those thousands of dollars Teresa drops on the kids’ and her own clothing on the show? According to the alleged court papers, Teresa claims that she only spends $400 a month on clothes!

    We love Teresa and her over the top spending habits, but if this is true we feel duped! Follow Zap2it and TheRealJethro on Twitter and Zap2it on Facebook for the latest celebrity news and buzz. Photo credit: Bravo

    Posted by:Jethro Nededog