Teresa Giudice, from “The Real Housewives of New Jersey,” and her husband are going bankrupt. Aug. 22 there could be a Teresa Giudice auction. Belongings of Teresa Giudice and her husband could be auctioned off to help pay their $ 11 million debt.
Teresa Giudice auction
Last October, Teresa Giudice was forced to file bankruptcy with her husband. With $ 11 million in debt, the couple was just unable to pay for anything any longer. The debt could be paid off with this auction which was arranged by the court and trustee. Giudice’s lawyer is fighting the auction although it will likely happen on August 22.
All the debts paid with Teresa Giudice’s auction money
The “Real Housewives of New Jersey” star has managed to rack up significant debts in the last few years. Between her and her husband, they claim an income of $ 79,000 a year. $ 3,333 is made every month by Teresa Giudice working for Bravo TV. From his stucco and stone company, her husband makes about $ 3,250 a month. Their home in Towaco, N.J. costs $ 1.8 million alone. They also have homes in Lincoln Par and on the Jersey Shore. $ 12,000 goes to a fertility clinic while they owe one more $ 5 million to previous real-estate partners. Teresa Giudice says that no more than $ 400 a month has been spent on clothes although she’s been seen spending $ 2,000 in just ten minutes.
Teresa Giudice auction items
The Teresa Giudice auction is designed to start in the Towaco home around noon if it is not stopped. Examples of items contain flat-screen TVs, a pool table, sofas and even chandeliers. The value of the items could go up depending on all the publicity from the affair. Either way, the money could be used to help pay off the creditors, and Teresa Giudice and her husband can have to make an effort to live within their means within the future.
See Teresa Giudice and Danielle Staub
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