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RHONJ's Teresa & Joe Giudice Never Had A Dime & Were Just Living On Credit — $13 Million Worth Of Credit!!!

| Filed under: Legal MattersReal Housewives

teresa joe giudice living on credit huge debt

Damn, that's a lot of credit.

Those bankers who lent out the money to Teresa and Joe Giudice must be HUGE Real Housewives of New Jersey fans.

Because from what we're hearing, it's been a long time since Tre and her Juicy Joe had a life that didn't require them to live off credit.

In bankruptcy docs, it has been revealed that they have almost NO equity.

The two reportedly have a $1.7 million house with only $140K in equity as well as two other homes that have no equity. But that's not all…Tre and Joe have plenty more! They have a Maserati, an Escalade, a Ford 350, a Sea-Doo boat, a Kawasaki quad, 2 go carts, and much more, all of which has no equity.

Basically, the have nothing, except for dogs they valued at $600. Unfortunately, a bankruptcy trustee decided that wasn't correct.

Now, the wine-making, table-flipping duo will be paying creditors $7,500, while getting cleared of $13 million in debt which includes $5.3 million owed to Wachovia Bank.

But maybe the banks will find a little justice has been served when they watch the two dragged off to prison.

We kid, we kid!!

[Image via WENN.]

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7 comments to “RHONJ's Teresa & Joe Giudice Never Had A Dime & Were Just Living On Credit — $13 Million Worth Of Credit!!!”

  1. Sue says – reply to this


    1

    So they get their credit wiped , but still get to keep that mansion they live in. Does not sound right ! And what about the millions in back taxes they owe ?

    I swear the public will NOT be satisfied until they are both in jail, Joe's deported after, and they live like the rest of us. If Bravo continues to employ them, it will hurt their Network. People will be outraged if she continues to make almost one million by Bravo, after all that has gone down !!

  2. Dumbing Us Down says – reply to this


    2

    Only in the United States of America.



  3. 3

    Such retards, they should be ashamed of themselves.
    There is NO excuse for being THAT heavy in debt.

  4. Kathy says – reply to this


    4

    I can not believe that they will keep all of these cars and houses etc. Everything should be surrendered to the creditors. What about the back taxes? Bravo is paying their legal bills so they can continue filming?

  5. Loving D new tax codes says – reply to this


    5

    After paying my taxes , I had great day at the spa ,im Ready for my London Vacation

  6. TaxpayerBleeding2death says – reply to this


    6

    lets pay for new Army in Afghanistan and their new president
    before we move syria .
    don't forget to sign up for your ACA plan ,Don't be left out in the cold with out coverage

  7. Jaymesukhka says – reply to this


    7

    You get what you give. She should have left that brawling, temperamental, loathing man yearsago and gone out on het own! Theresa is a good business woman! Apparently she choose her fate. Poor kids! I know