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New Jersey Housewife Admits She's A Broke Ass!

| Filed under: Reality TV

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The Real Housewives of New Jersey star Teresa Giudice is admitting that she and her husband Joe filed for bankruptcy.

The prostitution whore says:

“While this is a personal matter, I realize that certain aspects of my private life will always be subject to scrutiny and distortion. What is true is that due to the economy, most of my husband’s real estate ventures failed despite his hard work and effort. As a result, we looked to the Bankruptcy Court for a ‘fresh start.’”

Guidice filed for Chapter 7 bankruptcy in October of last year. The couple had to undergo credit counseling and liquidate their assets to pay creditors. They were awarded a temporary stay on payments for their Cadillac Escalade and mortgages.

Although their assets totaled $2,261,150, the couple owed $8,709,831.34.

Yikes!

They owe more than $33,000 on several store credit cards, $85,000 for home repairs and $91,000 for materials to build their new home.

Considering she flashed all that bling on the show, we love that Teresa is the one to face bankruptcy.

“When people fall, the way to success is to get up and learn from our mistakes. We are in that process,” said the Housewife.

Riiiight.

[Image via WENN.]

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41 comments to “New Jersey Housewife Admits She's A Broke Ass!”



  1. 1

    I almost said i feel bad for them but they are obviously irresponsible greedy twats.



  2. 2

    her hair always looks so greasy



  3. 3

    She looks like a man in drag.



  4. 4

    It's sad (and ridiculous) to know they are earning only 3333 per episode!



  5. 5

    She is such a retard. She sees her husbands business is slowing down and she goes out and buys diamonds and designer outfits.



  6. 6

    Damn this woman have some big eyes!! And they are not pretty at all, more like vaca cagona!!!!



  7. 7

    Hey Perez, why don't you post about Gaga's new video for Alejandro - it was just put on YouTube like 20min ago, but she set it to 'private', so no one can actually watch it, wtf, what use is it to upload it then anyway, I'm SO disappointed



  8. 8

    sounds like bankruptcy was filed more so because they don't know how to live within their financial means……..not because his hard work didn't pay off………..



  9. 9

    A prostitution whore? Thats brilliant! Why am I reading a blog written by someone who can't spell or use words correctly? Wondering when the world will revolt against Perez. Can't be much longer.



  10. 10

    Teresa is not the Prostitution Whore, Perez. That title belongs to Danielle Staub. Get the facts straight!



  11. 11

    how about in season 1 when when they were flashing wads of CASH ( IRS ALERT!!!!!!!) and thrwowing down over $ 100,000 cash for furniture in an afternoon. stupid guidos



  12. 12

    Money problems are not laughing matter, and I dont celebrate the fact that people are having that situation… but I DO have to say that they were looking for that trouble!!! It was nauseating the amount of money she used to spend on PURE SH!T… bling, clothes, MORE CLOTHES for the spoiled little brats and a gazillion dollars renovating that house (which by the way has hideous!, totally over the top) Now they are facing the consequences… Thats what happens when a pair of ghetto people has tons of money on their hands… A true example of MONEY CANT BUY YOU CLASS! hahahah



  13. 13

    Why do all these women look like men? This guy's eyes are so wide apart it hurts my eyes to look at them both at the same time.



  14. 14

    I don't like her either, but as long as someone else is suffering, I guess perez is happy…..what a loser!!!!!!!!!!!!!!!!!!!!!!!!111



  15. 15

    Why can't they be happy with what they have?? obvs they have a lot of money to begin with, why did they have to live so far beyond their means? wow, they are so stupid.



  16. 16

    prostitution whore??? Gold digger, maybe… society licker, possibly… money-grubbing skank, MOST definiately… BUT PROSTITUTION WHORE? I'm afraid so…



  17. 17

    okay, after seeing the phrase "Prostitution Whore" no less than FOUR times here in the past couple days, I can't resist.
    Prostitution Whore? Really? As opposed to what kind of whore? Or a prostitute with class?
    Prostitution Whore. I don't think that's a thing. Is that a thing? You really confuse me Perez.



  18. 18

    so I guess now she's going to be trying even harder to "pimp" out her daughter! she dragged that poor kid to so many auditions I'm surprised the kid doesn't have rug burn on her feet! Looks good on them though to finally be getting a taste of "the real world" where REAL people don't get to go shopping everyday and drive Cadillac Escalades everywhere and spend hundreds of thousands on USELESS CRAP!!!!!! welcome to the real world honey!



  19. 19

    Re: judalon – LOL! I AGREE!



  20. 20

    So by all means…reward this idiot and the rest of her lot with another season on the show…and America has no role model…Sheesh, who says?



  21. 21

    ohhh surprise!
    one of the thousands of couples that are going through the same thing! all because their materialistic and living out of their means.



  22. 22

    Teresa, your daughter is ugly. People laugh behing your back all the time, including some of your so called friends. Your husband looks like a retarded oompa lumpa and you look like and ape. You are a JOKE. If I were you I would crawel into a hole and stay there. Thanks for the entertainment, it gives my friends and I someone to laugh at. You are a prostitution whore and a LOSER. Good luck and hopefully.



  23. 23

    When Teresa takes her girls shopping
    lil Gia spent over $1000.00 in one spree.
    mama-mia



  24. 24

    She had someone write this statement. She does not know what scrutiny or distortion means

  25. Marm says – reply to this


    25

    Ouch, that's gotta hurt given how she was seen spending on the show….



  26. 26

    Teresa called Danielle a "prostitution whore" in season one. That is why Perez is using that phrase a lot.



  27. 27

    That's what happens when you live well beyond your means. They still owe money to the fertility clinic that helped them conceive their 4th daughter. If you can't pay the clinic, then don't have another child, they gave you the gift of life so pay them, geez



  28. 28

    DUDE AGAIN? CAN YOU REFRAIN CALLING WOMAN WHORES, PROSTITUTES, HOES, ETC? SO I GUESS YOUR CUBAN MOM IS A WHORE TOO… RIGHT? POOR LADY…I GUESS ESCAPING CUBA IN A MARIELITO DIDN'T AMOUNT TO MUCH…..SHE RAISED A WOMAN HATER.



  29. 29

    How bout NOT spending 2,000 on clothes for your ugly ass daughter/son? Who knows, it's hard to tell.



  30. 30

    SHE COULD BE MAKING SOME DOUGH AS A " PROSTITUTION WHORE " ANYTIME NOW.



  31. 31

    mobster affliation will always land your ass in hot water especially with this bimbo at the helm!!!!!!!!!!!!!!!!!!!!!!!!!! LOL sucks to be u



  32. 32

    shes the one that said ”living in someone elses home is gross ie. most of america is gross for not going into bankrupt by building a new home to live in ..' oh well thats a slice of humble pie 4 u.



  33. 33

    What is with this chick's hairline? It looks like a wig pulled down too far on her forehead. FUG



  34. 34

    Re: LolaLola1 – Actually they weren't renovating. They had to build a brand new house. This bitch said it grosses her out to live in a "used" house with other peoples germs.



  35. 35

    The fucked up thing about this situation is that they will still live as they have been living and probably won't have to pay for their past greediness.



  36. 36

    i CAN'T believe she starred in a reality show and is BROKE!
    just goes to show you, stuff like this is short-lived. and she should've saved up.

    she is so effin ugly

    Re: judalon – agreed. my boyfriend said she looks like a tranny LOL!!

  37. @v@ says – reply to this


    37

    Oh, brother. When people spend millions more than they have, it's a little more than just 'falling,' imo.



  38. 38

    Re: LolaLola1 – HERE HERE!



  39. 39

    They're not broke. I'll bet they have so much cash stored away to take care of themselves for a good while. C'mon, a contractor who owns his business not skimming off the top? They're not broke. They maxed out all their credit, so now the bankrupcy takes care of that, and they get to keep everything they purchased.



  40. 40

    Sleazy fucken dagos

  41. @v@ says – reply to this


    41

    Let's all go out and rack up millions in debt living the high life using other people's money, and then declare bankruptcy and call it 'falling', and a 'mistake.'
    Nah, on second thought, most on here have been raised better than that.