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Real Housewife Of New Jersey Is Broke!

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Real Housewives of New Jersey's Teresa Guidice and husband Joe have filed for bankruptcy!

Sure she lives in a huge mansion, drives fancy cars, and spends lots of money on tacky clothes, but sources are saying that Teresa and Joe spend WAY beyond their means with a debt of over $11 million.

The couple filed for a bankruptcy petition in a federal court in Newark, New Jersey, listing $11.8 million in debts, including $5.8 million on several business investments, $2.6 million in mortgages on three homes, $104,000 in credit card debt, and $12,000 owed to a fertility clinic. (Didn't we see her tell Joe to get a vasectomy??)

She's even claiming to only spend $400 a month on clothes even though we saw her on an episode last season drop over $2000 on designer clothes during a shopping trip with her daughter!

Yikes!

We hope Teresa won't have to resort to prostitution whoring to pay all those bills!

[Image via WENN.]

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112 comments to “Real Housewife Of New Jersey Is Broke!”

More comments: [1] 2 »



  1. 1

    Why do they have 3 homes?



  2. 2

    Wait….don't these women get any money for doing the show? I am sure they do and if they are all flat broke then I don't feel a wee bit sorry for these greedy bitches who live way beyond their means.



  3. 3

    Sadly enough this has become the American way.
    And many of are paying the price for this greed and stupidity.
    Spend money YOU DON'T HAVE.
    Go into debt.
    Short sell or just plain walk away from your home.
    File bankruptcy.



  4. 4

    Who cares, she and her husband made Italians look cheap, ignorant and classless.



  5. 5

    They need to have a lawn sale they can probably pay off half of their debt just with the stuff she has bought, then start digging up parts of the Onyx, Marble, Granite that their house is made of and sell that



  6. 6

    Is the mob not paying well these days?



  7. 7

    I should probably feel bad that this news makes me happy… that's what they get for being so wasteful.



  8. 8

    One word: TRAGIC.
    www.thethrifters.net

  9. zooby says – reply to this


    9

    karma is a bitch … after the way they treated danielle, i'm not surprised.



  10. 10

    Fug freak of the week,the whole family is disgusting.



  11. 11

    Lol.



  12. 12

    This makes my day. Greedy ass, better than anyone else, bitch. I bet Danielle is loving this!!



  13. 13

    That's terrible to be $11.8 million in debt! Who on earth thinks it's okay to live THAT far out of their means? I always wondered what he did to make so much money, but I guess he didn't do much.
    Re: Tinalouise – Whatever they get isn't enough to upkeep their lifestyle!



  14. 14

    Re: zooby – Danielle deserves it. She's a complete psychotic bitch. After bringing an entourage of thugs to a charity event and making everything all about her, when the evening should be about a sick child, I have no sympathy!



  15. 15

    Actually, JOE should do the prostitution whoring. He's one hot little bull tank of a stud daddy.

    They made an all-male porn of Jersey Shore. I think an all-male "Hubbies of…" is a natural.

    But Joe could carry his family through this financial crisis simply by stripping down to his Italian-daddy undershorts and posing do all sort of hot Sicilian-Mafia-like poses.

    You don't turn to the ladies to make ends meet in macho family. Not when daddy's got bills to pay and neanderthal wives to keep groomed.



  16. 16

    MAYBE THIS IS WHY SHE IS CUTTING BACK ON HER FOREHEAD WAXING!



  17. 17

    This show is a disgrace to Real Jersey Women! They don't even talk like they are from Jersey! Pls give me a break! They need to lose everything and move to PA!



  18. 18

    Perez, if you would like a copy of all of the actual filings from the Court, please let me know. If so, please send me an email. If you need the address, please let me know.



  19. 19

    You know I actually live in NJ and not far from this bitch. I have seen her in stores in Franklin Lakes, NJ spend thousands of dollars on crap time and time again. She should be made to sell all of her houses to pay this debt off instead of filing for bankruptcy. She is a complete loser and so is her husband. She is just looking for an easy way out of her extavagant spending and so is her creepy husband. Pay your bills you loser



  20. 20

    Careful, Perez. She looks like she can take you out! LOL!!! Why am I not surprised! I remember when I watched the first few episodes of that crew and she was buying all kinds of ridiculous stuff and he was handing her stacks of money. They are pigs. Alllll of them. I don't feel sorry for them, or even care about them. They are a joke. A sideshow in a circus.



  21. 21

    Re: Serena Loves Mario – Apparently not for them.. anyone else would be grateful for the extra money and they just spend spend spend to look like something that they are not… shameful.



  22. 22

    Re: boston61
    OMG!!!!
    Love this!!!!!



  23. 23

    From the actual docket sheet, these people are not going to get to file bankruptcy and they are being sued by 2 people in the bankruptcy for false pretenses!



  24. 24

    Re: njpaul129 – When you file for bankruptcy, they possess all of your assets. She won't even have a home any more.



  25. 25

    Is anyone who has ever watched the show surprised?



  26. 26

    That's disgusting, seriously!! So who pays back all of the 11.8 million back to the people it's owed to - nobody! Greedy greedy show-offs. Don't anyone feel sorry for these people , because you know they money and lots of it stashed somewhere. What they are doing is just getting rid of this debt so that they can start new. I hope they are denied the petition for bankruptcy.



  27. 27

    Must be tough out there for a MAFIA thug these days….

    Sorry, but when you are 11.8 mil in debt someone needs to go to jail.

    and she should be made to live in a shelter with her girls.



  28. 28

    money cant buy you class and it also cant buy you a good enough accountant apparently !



  29. 29

    Our economy is in the crapper now due to people living beyond their means. Everyone feels they are entitled to what they believe they deserve!



  30. 30

    Re: zooby

    Sorry, but after watching Danielle this season, I don't not feel sorry for her at all! She is totally classless and living through her daughters who apparently are smarter than she is since she listens to them on what to do!



  31. 31

    Re: like!!!COLON!!! whatever! – I agree! When she wanted to drive by the party she wasn't invited to, her 15-year-old daughter talked her out of it. Something must be wrong if her daughter has more sense than her!



  32. 32

    These people make me sick!!! They are being allowed to go into Bankrupty protection but people that really need to be protected are being denied. Just another case of the rich getting all the rights and perks and the hard working Americans getting jacked on!



  33. 33

    wowww i cant believe that they actually went bacnkrupt??? especially seeing that house the live in! holyyy that SUCKS!



  34. 34

    Ya well maybe she will think about that before building a home made of onyx floors when she's already got 2 homes.



  35. 35

    Didn't she pay attention at all during the whole start of the recession, pretty much common knowledge that this type of behavior lead to the economic meltdown. Watch the news or read a magazine! That being said she is one of the most entertaining characters on t.v to watch, so who really cares! Keep living it up, give Danielle what she deserves and make my monday nights interesting.



  36. 36

    I like Teresa but let's face it she and her husband aren't the brightest bulbs in the lamp. I suspect that as hard as it will be for Teresa and her hubby, that kid who wants to be a model and the other little shoppers are in for a very bumpy ride.



  37. 37

    Re: zooby – I agree.



  38. 38

    tacky dego. Domino's is hiring



  39. 39

    Maybe Joe can do some male escorting. I'd pay a little $$$ for a taste of that juice sausage. He fucks her everynight.

    Every man should look like him. so hot



  40. 40

    why did she go to a fertility clinic? On the show they make it sound like they are a fertile mertile couple. Why does he need a vasectomy if they had to seek fertility treatments? And another question, how can they owe the clinic 12k? I thought you had to pay up front for those services just like a copay at a dr. appt? ok done with the questions.



  41. 41

    I hate this woman. She is very disgusting! Spawn of satan! Go away!



  42. 42

    Bummer. :[



  43. 43

    I know so many people like this in Toronto. Fake-ass JAPS who live beyond their means in tacky thornhill. Uneducated pretentious losers who think they are better than others b/c of money THEY DON'T HAVE. Up to their ears in debt and still….thinking they are better than others. Sad.



  44. 44

    capital LOL



  45. 45

    Good……fucking guido assholes deserve to be in the poor house. Bite it!



  46. 46

    They should face criminal charges for their fraudulent representation. Why should the taxpayers get stuck with the bill?
    They even owe the NJ facility where she underwent IVF fertility treatments $12,000. Now I ask, why go to such lengths when you cannot sustain your family?

  47. Low says – reply to this


    47

    Damn, I watch the show… kinda sucks to find out they are fake. Yea, I can have anything I want to if I want to go 11 million in the hole.

    They went from Fab to Loser…..

  48. Low says – reply to this


    48

    Re: Serena Loves Mario

    I agree.. I used to like Danielle but after that show.. she is a classless bitch. Her trick was pure evil.



  49. 49

    Re: Serena Loves Mario – right on, girl! i was APALLED!



  50. 50

    Maybe when she gets all her daughters into the modeling scene she can live off their paychecks.



  51. 51

    ok so what shes broke!!!! arent we alll..she still is nice kind and funny…and whoever said she makes italians look bad umm thats not ture…ok she may go a little out on shopping and buying sh*t but who cares we all do at times..shes not a bad person…and people talk about her clothes there just as*holes because everyone has there own style you should always rock to ur own style and dance to your own beat i still love teresa rich or poor



  52. 52

    Are you kidding, Danielle is PSYCHO BITCH! She will work that daughter of hers all around the word. I think she is the most dangerous because she drives around with her kids in the car stalking people. As for Teresa, her only sin is that she is stupid.



  53. 53

    holy shyt 11 million dollars that's just crazy! People are so greedy ..



  54. 54

    that bitch is crazy!!

    Re: me0101 – agreed!!



  55. 55

    She is greedy! There is no reason for this, except for her greed!! Sick how they spend money and don't think of the consequences.



  56. 56

    couldnt have happened to a more deserving tacky, ugly bitch…even her kids are tacky and ugly….oh and let us not forget about the homophobic husand



  57. 57

    $400/month on clothes?!?! i don't even spend that much on clothes in a year!!! i could make that last like 5 years… jesus, people are greedy when you let them be.



  58. 58

    Did anybody have any doubt? Did you see her husband's office? If they had the kind of money that they spend, his office wouldn't be a hole in the wall in the middle of nowhere. LOVE the fertility clinic because I have no problem, but she plays off the "we have sex every day sometimes more so of course we're pg" attitude.



  59. 59

    None of these bitches have money, and her husband is UGLY

  60. @v@ says – reply to this


    60

    Living almost entirely on other people's money and then later filing for bankruptcy is common. Everyone else who lives within their means picks up this tab. I had acquaintances do this three times to bankroll their lifestyle.



  61. 61

    Teresa's would-be-modeling daughter is so darn ugly…a face only her parents would love.
    Yes, it will be a bumpy landing for those kids.
    Feeling like the 'poor relation' sucks majorly, after big time money.



  62. 62

    i like teresa because she's adorable and funny, but damn. they spent wayyy too much on that house and on their bratty girls.



  63. 63

    loser



  64. 64

    THIS BITCH IS UGLY AS FUCK….



  65. 65

    Re: Serena Loves Mario – WRONG!!!!!! If you file Chapter 13 you can keep your secured assets… homes.. cars… anything secured by a loan.. if you want to.. or you can choose to give them up…. but you get a CHOICE…. only when you file Chapter 7 do you give up all of your property… but again.. you CHOOOOOOOSE chapter 7… know what the hell you're talking about dumbass.



  66. 66

    Re: caroaber – TAXPAYERS don't get stuck with the bill moron.. the creditors just get fucked if the loans are not secured… stop talking out of your ass and make educated statements.



  67. 67

    Oh, great. Another selfish, indulgent, poor planning showoff who can't pay for all the crap they had to have. Disgusting. I can almost hear the kids whining and screaming already.

  68. @v@ says – reply to this


    68

    Re: MLE9025 – Yes, they do. When Insurance companies pay up on insured outstanding debts, insurance rates go up for everyone. When the debts are outstanding to banks, banks implement service charges, to the customers to make up any differences. When a portion of that debt is written off, the debt holders raise fees, rates and prices, and who pays that? Taxpayers. OH, and any taxes that don't get paid on write offs cost the taxpayer again; monies that the IRS should have rec'd, but didn't. I could go on and on.



  69. 69

    Re: alemeh2 – No thats New Jersey Shore WRONG SHOW SWEETIE!!!



  70. 70

    Re: zooby – Danielle is that u or daughter Christine



  71. 71

    Yeah, they may file for bankruptcy, but that doesn't mean they won't stop living their tacky but lavish (3 fucking homes??) lifestyle.



  72. 72

    Stuupid Kunt



  73. 73

    Because we expected more of this dumb whore? She's a moron—at best.



  74. 74

    that bitch has no forehead



  75. 75

    Persona aside, this has nothing to do with the show and drama, but just money. But wow, I can't help but feel bad but also, humored by it. First off, I hate that lies are being said. 400? Really? No. Everything in that mansion, is exceedingly lavish. Right down to the drinking glasses. This is the same wife that said she was aware of the economy, and preferred to only carry cash. Apparently, her husband and herself, got too caught up. And let's not forget used things, are disgusting things. As for the children, they are sweethearts, they are just products of the parents bad habits.



  76. 76

    Maybe Cro Magnon woman can get a job as a spokesperson for Geico to pay her bills….



  77. 77

    Maybe Cro Magnon woman can get a job as spokesperson for Geico to pay her bills…at least pay for waxing her back.



  78. 78

    ALL the housewives on ALL the shows pretend they have money and they don't. Thats why they SING and WRITE BOOKS and do anything to make extra money. Its very sad about Teresa, I really like her but how does one build over 11 million in debt? Its beyond me.



  79. 79

    She's cute. Don't tear her down. What if someone said that about you? I like her. She stood up to Danielle who really is the evil bitch liar.



  80. 80

    Is anyone thinking of ever going to the state of New Jersey for any reason anymore? New Jersey needs to sue the networks for trashing it's reputation!



  81. 81

    not surprised..I remember her saying she needed a brand new house built just for them because houses that other people have lived in are gross and full of germs..LOL..I think I remember hearing they had moved a few times.LOL.She's VERY spoiled

  82. balls says – reply to this


    82

    balls



  83. 83

    Re: MLE9025 – No, actually, if you have a loan and default on paying your loan, even if you file bankruptcy, your assets are repossessed. She won't get to keep her home and all of her belongings. YOU are the dumbass :)



  84. 84

    Re: MLE9025
    Re: Serena Loves Mario

    MLE is right. My father had to file bankruptcy and we still have our house and cars. I'm not sure what it's called, but it was because of his failing business, NOT from over spending with clothes and living some lavish lifestyle… trust me, we didnt!



  85. 85

    Oh My! I hope she doesn't loose her shore house and new boobies!
    Do these people not get paid for doing this craptacular tv show?
    I know she spends money like no tomorrow, but can none of them balance a checkbook?



  86. 86

    I don't feel bad for them at all. I can't believe how she pushed her daughter into modeling and acting that little girl is far from pretty. All their children look like little monkeys.



  87. 87

    who cares?



  88. 88

    What the hell!!!!!!!!!!! Post something about Mika!!!!!!!!!!!!!!!



  89. 89

    Nice pic. Looks like Paul Stanley without his KISS make-up.



  90. 90

    You know, it is possible that Teresa had no idea what their financial situation was…I mean really? does she look like the type who balances her checkbook? Old Joe could've kept her out of the loop…just a thought!



  91. 91

    Ha, ha, ha, ha! I hate this woman, her kids are ugly and bratty and she spends money on ridiculous things. Just the amount of what she must have spent on her kid's birthday party was uncalled for, and she spent $2,000 on clothes for one kid in one visit to a store. She needs to learn what the important things are. So now she got to live like she was rich, and doesn't HAve to pay any of it back? That makes me SICK.



  92. 92

    Re: Osakhomen

    You can keep you cars and house in a bankruptcy, but in this situation, the lenders got stay relief, which means they are losing all 3 homes and the 2007 Cadiallac Escalde. It is all in the court docket.



  93. 93

    Stop saying "Prostitution Whoring." You sound like a redundant idiot. These terrible people totally deserve it. 3 homes and $11.8 Million dollars in debt does not happen overnight. It just doesn't.



  94. 94

    could have saved you a lot of trouble with this story, i live in jersey and teresa and her husband borrowed money from my friends parents and never payed them back, it would have been ok if it wasnt $30,000!!! theyve been broke



  95. 95

    I'm amazed nobody has gone after the Guidice's for the antisemitic (her daughter saying she doesn't want to marry a jew b/c of their hair) and misogynistic (mother and daughters stating they are too pretty to work, as if those women that do work are ugly) comments. Those little girls are ill mannered spoiled monsters, she should take a cue from Caroline who has raised what appear to be intelligent and responsible children. Who also is less ostentatious than Theresa.



  96. 96

    HMMM,HERES A THOUGHT=TERESA,TAKE YR LITTLE GIRLS AND PUT THEM IN ZOO CAGES AND BILL THEM AS HUMAN CHIMPS…U RUINED THEM HOMELY LOOKING GIRLS BY SPOILING THEM AND TELLING THEM THEYRE PRETTY..THEYRE NOT DEARIE..TRUST ME,MAKE SOME ZOO MONKEY MONEY HONEY WHILE U CAN…NOT EVERYONE HAS HAIRY LITTLE CHIMPS TO PIMP! WORK IT MOMMY!



  97. 97

    This has to be one of the ugliest Bitches on the Planet!!! Before she lost all her money, she should have done something about that Cro-magnon hairline.



  98. 98

    That was an expensive FIFTEEN MINUTES OF FAME!!! And ya just KNOW they're gonna keep having more kids until they pop out a BOY!



  99. 99

    Wow. I understand people negatively discussing Teresa and her husband's lack of financial responsibility; but, why do we feel it's ok to talk about the appearance of her young girls? Is that necessary?



  100. 100

    Part of filing Bankruptcy is protection of assets - you normally can keep 1 home and 2 cars.

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