REAL NEW JERSEY HOUSEWIFE TERESA GIUDICE IS REAL BROKE!

According to the New York Post, (flamboyant) Real NJ Housewife Teresa Giudice and her husband Joe are broke as all get out! Said to be $11 Million in debt, the Giudices are lookin' like Real Deadbeats. Their $1.8 million dollar home has been forclosed on, they've defaulted on their $1280 monthly note for their Cadillac Escalade which didn't have insurance according to GMAC, and there's so much more. The kicker is that their family income is only $79k with allll the spending that Teresa does! Oooh Chile! Continue Reading for the full article...


Via the NY Post:

She has a gaudy new mansion, pricey breast implants and spends thousands of dollars on shopping sprees for her spoiled brats -- but a New Jersey reality star and her goombah hubby are real-life deadbeats who owe $11 million, court records show.
Free-spending "Real Housewives of New Jersey" diva Teresa Giudice and her husband, Joe, make just $79,000 a year and are up to their tanned necks in liens, foreclosures and unpaid bills, according to bankruptcy papers filed in Newark federal court.
The Giudices say they owe creditors $10,853,648.04.
Teresa, known for her lust for designer clothes and expensive bling on the Bravo show, owes nearly $20,000 on credit cards for Bloomingdale's, Nordstrom and Neiman Marcus. In total, the Giudices show $104,000 in debt on at least eight credit cards.

Getty Images

Teresa Giudice with hubby Joe

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The bank has moved to foreclose on the Giudices' $1.8 million, 10,500-square-foot, eight-bedroom, 5½-bath marble-and-onyx manse in Towaco, NJ, the couple moved into during the first season.
Teresa and Joe defaulted on their $1,280-a-month payment for the family's ubiquitous black Cadillac Escalade. They also didn't have insurance on the massive SUV, according to GMAC.
Teresa -- who this season told Joe to get a vasectomy -- owes $12,000 to a Garden State fertility clinic.
* Banks have taken the couple's $279,000 four-bedroom Jersey Shore house. The Giudices had three mortgages on the house and owed $325,000. The couple also handed over a $200,000 home in Lincoln Park, NJ, that had four mortgages -- and an outstanding debt of $600,000.
* Teresa and Joe owed another $1 million for property in Clifton, NJ, that has been given back to lenders.
On the show, Teresa famously dresses her four daughters in designer clothes, and last season dropped $2,000 in 10 minutes of shopping.
Yet, in bankruptcy papers, Teresa and Joe claim to spend just $400 a month on clothes.
On a recent "Real Housewives" episode, Teresa boasted that she dropped "a fortune" on daughter Gia's televised 9th birthday party. The child got an all-terrain vehicle, along with a trip to a spa in a pink stretch limo for her and her friends.
Joe, who "owns several successful businesses throughout New Jersey," according to his wife's Bravo bio, owes more than $5 million, including debts to former partners associated with his Section 8 real-estate deals.
In court papers, Joe, who owns a stucco and stone company, lists his monthly income as $3,250; Teresa pulls down $3,333 a month for her Bravo gig. The couple gets another $10,000 in "monthly assistance from family members."
Spendaholic 'housewife of NJ' owes a big-hair-raising $11M
Behind the bankruptcy filing
What the Giudices make a year:

Read more: http://www.nypost.com/p/news/local/deadbeat_reality_8f3qwDPV2oY8s9N51fL82I#ixzz0qBaPtFfH