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Spendaholic 'Housewife of NJ' owes a big-hair-raising $11M (Bankrupt reality star)
New York Posst ^ | June 5, 2010 | JEANE MacINTOSH

Posted on 06/05/2010 10:29:07 AM PDT by tlb

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.

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.

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."

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; TV/Movies; Weird Stuff
KEYWORDS: bravo; housewives; nj; reality
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To: dfwgator

I’ve never seen it, so I couldn’t say.


21 posted on 06/05/2010 10:54:48 AM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: trisham

Well as they say, you don’t have to smell s—t to know that it stinks.


22 posted on 06/05/2010 10:55:16 AM PDT by dfwgator
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To: tlb

Sleazy LIBERAL, hypocritical PIGS!


23 posted on 06/05/2010 10:55:41 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: ph12321
Is Obama thinking about giving them a cabinet position?

They certainly have the credentials HE LOOKS FOR!

24 posted on 06/05/2010 10:56:46 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: tlb

welcome back to the real world wannabe’s.


25 posted on 06/05/2010 11:01:12 AM PDT by VaRepublican (I would propagate taglines but I don't know how. But bloggers do.)
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To: BookmanTheJanitor

Depends on which ‘family’ is being referred to. It is Jersey..


26 posted on 06/05/2010 11:10:02 AM PDT by pieceofthepuzzle
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To: tlb
Sounds like they're more than qualified to run Obama's Treasury Dept.

Just make sure they are tax dodgers and give 'em Timmy's office.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

27 posted on 06/05/2010 11:12:52 AM PDT by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: tlb

She has man hands. yuk!


28 posted on 06/05/2010 11:14:12 AM PDT by TribalPrincess2U (demonicRATS... taxes, pain and slow death. Is this what you want?)
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To: BookmanTheJanitor

They must have lied to family members about their incomes just as they lied to the banks. They both belong in jail.


29 posted on 06/05/2010 11:18:36 AM PDT by wiggen (Government owned slave.)
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To: tlb

I watched this show once just to know what it was like, because of the media hype. I felt dirty after. It is basically a show about unpleasant and deficient people and their dysfunctional relationships.

I think Teresa is the one who upended the table on her guests after a nasty verbal altercation. The conversation was raunchy and nasty.

The principles spend the show talking about how classy they are when they have less class than most people I know down here in FL who live in trailer parks.

IMHO people must watch the show so they can feel superior. I grew up being taught the definition of classy is not how much money you waste on your appearence and pleasures.


30 posted on 06/05/2010 11:19:18 AM PDT by I still care (I believe in the universality of freedom -George Bush, asked if he regrets going to war.)
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To: MediaMole

The lenders should be in adjacent cells for wasting their banks money lending to these deadbeats. How do they get all these mortgages on a house? The idiot lenders don’t do their homework.


31 posted on 06/05/2010 11:19:48 AM PDT by Freds2nd
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To: tlb

Heavens, they look so . . . Jersey. Surprised they didn’t have a gig on The Sopranos.


32 posted on 06/05/2010 11:23:57 AM PDT by ottbmare (I could agree wth you, but then we'd both be wrong.)
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To: tlb

These c**** are the most vain, ignorant, sluts on earth. I hope she does ten years of hard labor for kiting checks.


33 posted on 06/05/2010 11:26:02 AM PDT by Doc Savage (SOBAMP!)
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To: tlb; MediaMole; tflabo

I can’t muster a whole lot of sympathy for these creditors. Before extending massive amounts of credit to someone (especially for stuff they obviously don’t really need), it’s a good idea to check their credit history and income. Sounds like most of them just figured that being a regular on a “reality” TV show is such an awesomely wonderful thing that surely it must involve getting paid huge sums, so why bother with all that pesky credit checking stuff.


34 posted on 06/05/2010 11:34:27 AM PDT by GovernmentShrinker
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To: tlb

I’m sure without a doubt they are hiding a large portion their income. But how much can you possibly make.


35 posted on 06/05/2010 11:35:40 AM PDT by Tempest (I believe in the sanctity of life... As long as you can afford it.)
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To: Mobties

There are people in jail for stealing a whole lot less.


36 posted on 06/05/2010 11:37:37 AM PDT by tiki
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To: tlb

The article says, “her goombah hubby.”

Isn’t that racist?


37 posted on 06/05/2010 11:37:42 AM PDT by Age of Reason
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To: tlb

How the heck do you get $11 mil in debt on an $80k annual income?


38 posted on 06/05/2010 11:37:54 AM PDT by Robwin
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To: tlb

She is on the wrong “reality” show. She needs to be on a beauty makeover show.


39 posted on 06/05/2010 11:37:59 AM PDT by timeflies
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To: tlb

“reality star and her goombah hubby are real-life deadbeats who owe $11 million”

About time the Hollywood subprime lending market was shut down.


40 posted on 06/05/2010 11:38:21 AM PDT by Rebelbase (Political correctness in America today is a Rip Van Winkle acid trip.)
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