EXCLUSIVE INTERVIEW: Teresa Giudice's Attorney Says Denying Their Bankruptcy 'Would Destroy This Family'

Posted on Nov 15, 2010 @ 06:30AM

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Attorney James Kridel has his work cut out for him in trying to convince the bankruptcy court to grant the petition filed by his clients, The Real Housewives of New Jersey star Teresa Giudice and her husband Joe.

DOCUMENT: Read The Complaint Arguing Against Granting The Giudice Bankruptcy

As RadarOnline.com previously reported, Roberta DeAngelis, the attorney in the U.S. Trustees Office who evaluated the Giudice filing, recommended that the court not grant their Chapter 7 petition.

She alleged that the couple had fraudulently tried to hide assets.

"I am going to be sending a letter to the US Trustees Office because I would like to resolve with them their issue rather than have to try it," attorney Kridel told RadarOnline.com.

"I'm not doing it out of desperation; I'm doing it in their [debtors and US Trustees] best interest. That's the next step. But ultimately the ball is in their court."

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Kridel said he is going to try to convince the Trustee Office that they'd lose in a trial and that his clients "have been punished enough".

"Instead of just looking at it as 'Joe Giudice,' it is a family and to deny a discharge in this case would destroy this family. Some of the family members are clearly not responsible for anything that occurred here."

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The Giudices' attorney also argues that Joe didn't intentionally omit assets from the petition.

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Kridel said, 'If you have a bank account that has zero in it, but you didn't disclose it because you didn't realize it was open, I don't believe that to be a really egregious offense. The omissions made would not change the outcome of the case. Their discovery would not increase the value of the estate.

"To deny a discharge would be a very severe consequence and I don't think it's deserving."

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Whatever the court's decision, the Giudices will still suffer, their legal rep claimed.

"They're going to owe a significant amount of money, including any IRS debt," he said. "Other than the personal property in the house they don't really have any assets so they are going to start over again.

"If they don't get a fresh start [with a discharge] it's going to be almost impossible to get back up on their feet."

Joe & Teresa Giudice Claim They Didn't Hide Assets From Bankruptcy Court

Joe Giudice's Brother Files For Bankruptcy Too!

Real Housewife Kim G Threatens To Buy Up All Bankrupt Teresa Giudice's Things & Resell Them On EBay!

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If they hadn't entered fraudulent tax returns as EVIDENCE (fake returns they never filed with IRS), I might think
their lawyer had a prayer. But they are arrogant enough to think they can p.o. a Federal judge w/o punishment.

by Tupelo
Posted Mon, 11/22/2010 - 2:49pm

Ugly PLANET OF THE APES SKANK!

by FUrol
Posted Tue, 11/16/2010 - 1:15am

Dear Honorable Judge...With all due respect, please DO NOT Grant the gangsters, i.e., the Guidices, a discharge of their debts. This Petition should be denied.

by susieomaha
Posted Mon, 11/15/2010 - 9:02pm

LMAO A your comment!!!

by pevans01
Posted Tue, 11/16/2010 - 8:06am

She appears to live large, but wonder if she knew how dire the situation was, or did Joe keep it from her? LIke Lynn and her husband on OC Housewives.

by Eva
Posted Mon, 11/15/2010 - 6:08pm

Eva, she claims Joe kept it from her. Let's give them the benefit of the doubt...but she continues to spend every $ she gets in her hand still, NOW!!!

by pevans01
Posted Tue, 11/16/2010 - 8:09am

This couple does not appear to be too intelligent. Blaming the economy for their financial woes. While ap on a reality television program, the wife is viewed going on "CASH" spending sprees. PAY YOUR BILLS!!!!!!

by Belle2
Posted Mon, 11/15/2010 - 3:13pm

They destroyed their own family with their ridiculous spending.

by comanche black
Posted Mon, 11/15/2010 - 12:48pm

Tough cookies, THEIR THEFT and irresponsibility has ruined other families!!!!!!

by JYIANjma
Posted Mon, 11/15/2010 - 12:27pm

I saw Teresa shopping in Nordstrom at the Garden State Mall with one of her daughters two weeks ago. She was being helped by multiple personal shopper. They don't deserve to let off the hook for all of the debt they continue to take on.

by NJerseymom
Posted Mon, 11/15/2010 - 12:10pm