EXCLUSIVE: NJ Housewife Spent $60,000 After Filing Bankruptcy! Auction Of Her Belongings Gets Postponed
Posted on Aug 16, 2010 @ 03:05PM
Real Housewives of New Jersey star Teresa Giudice got a slight reprieve on Monday when the auction of her belongings was moved from August 22 to October 3.
RadarOnline.com has exclusive documents regarding the proceedings, including the paperwork showing how the outspoken brunette blew through $60,000 within three months of filing bankruptcy last October.
Read The Exclusive Documents Here
Her lawyer James Kridel told RadarOnline.com exclusively that despite an appraisal of Teresa and her husband Giuseppe’s belongings totaling $51,160, the couple has exemptions totaling about $52,000- which cancels out the proposed auction.
The exemptions mainly center around the argument that the items assessed were bought after the bankruptcy petition was filed. “Unless there’s something that would lead one to believe that they were earned pre-petition, they are not part of the bankruptcy estate and therefore cannot be sold,” Kridel told RadarOnline.com.
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The papers filed by Kridel with a New Jersey bankruptcy court include receipts from many of the items assessed for the auction, proving the Giudices purchased them after filing for bankruptcy.
EXCLUSIVE: NJ Real Housewife's Ritzy Lifestyle Is Worth Only $51,160
However, John W. Sywilok, an attorney who is seeking to conduct the public auction, highlighted the couple’s finances in a different way, outlining their outrageous shopping sprees before and after their bankruptcy filing.
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“These represented purchases totaling approximately $60,000 within approximately 60 days after filling,” Sywilok wrote, exposing the couple’s alleged fiscal irresponsibility. According to Sywilok, weeks before filing for bankruptcy the couple was still spending thousands of dollars on decorating purchases, including $6,000 two days prior to filing to cover a furniture order costing a total of $21,810.
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The Daily Juice
Sep 15, 2010 @ 06:05
She has an addiction to shopping. It's very clear. She is NOT happy unless she is spending money she doesnt have. Poor Joe. The dude is always working his butt off and she is out spending it.
Posted Tue, 08/17/2010 - 10:34am
She's so full of herself and she has the homliest girls.
Posted Tue, 08/17/2010 - 9:27am
This man and wife along with millions of others use the system to their advantage charge it up folks U2 can go bankrupt and help SCREW up our economy even more! I hope the freaking judge is following this.
Posted Tue, 08/17/2010 - 9:13am
If you think she's great, then you're ignorant. Nobody w/ a brain in their head would say something so stupid.
Posted Tue, 08/17/2010 - 2:01am
Joe, her husband seems really stressed about all of this. He worked very hard and his business went under but Teresa just kept on spending money.
Posted Tue, 08/17/2010 - 1:19am
i know, i kind of feel sorry for him but not her
Posted Tue, 08/17/2010 - 9:05am
Hooooooooray 4 Teresa!!!!! She should be an event planner & stylist, she IS grrrr888888!!!!!
Posted Tue, 08/17/2010 - 12:52am
??? stylist PLEASE. she is nothing but tacky. and her kids always look horrendous...case and point those disgusting custom outfits last night..........i'm puking right now
Posted Tue, 08/17/2010 - 9:07am
This angers me beyond words. Truly reprehensible.
Posted Mon, 08/16/2010 - 10:40pm
How DARE she blow through another 60,000 right after filing. We, the responsible consumers, pay for this greedy, selfish woman and husband. Nothing but grifters...
Posted Mon, 08/16/2010 - 10:04pm