EXCLUSIVE DOCUMENTS: Teresa Giudice's Brother-In-Law Files For Bankruptcy Too!

Posted on Oct 19, 2010 @ 06:50AM

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Financial trouble seems to be a family epidemic for Real Housewives of New Jersey stars Teresa and Joe Giudice. RadarOnline.com has learned exclusively that Joe’s brother Pete Giudice and his wife filed Chapter 7 with the United States Bankruptcy Court in New Jersey on June 29, 2010.

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The couple lists their monthly income as $7,000 with assets totaling $1.3 million but liabilities of nearly $2 million, leaving them at least $400,000 in the hole.

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According to the court papers, Pete only has $400 to his name in cash.

As RadarOnline.com previously reported, Joe and Teresa had to file bankruptcy as well last year after falling into debt to the tune of $11 million.

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Pete’s debts are defined as consumer debts “incurred by an individual primarily for a personal, family, or household purpose.”

The number of creditors is estimated to be between 50-99 with claims ranging from $160 to $46,000.

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The couple also filed a notice through their Trustee, Nancy Isaacson, to abandon their $1.3 million New Jersey home and the next hearing is scheduled for October 25.

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