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Real Housewives of New Jersey: Teresa Giudice Trying To “Rise Above” Bankruptcy Woes

July 29, 2010 07:00 AM by Nancy Floyd


Teresa Giudice, star of The Real Housewives of New Jersey, is speaking out about her financial troubles, bankruptcy filing, and the forthcoming auction to sell her private possessions. Despite a recent episode of Real Housewives of New Jersey which showed Teresa Giudice and her husband, Joe, enjoying a lavish anniversary celebration, Teresa sets the record straight on her recent bankruptcy and her new attitude in life. Keep reading for more details…

In a new blog on Bravo‘s website, Teresa Giudice addresses the rumors and speculation surrounding her recent financial woes. The Real Housewives of New Jersey star writes that the bankruptcy stems from “real estate deals gone bad in a bad economy.” She adds, “We didn’t spend millions of dollars on gold toilets or private planes. We bought buildings, fixed them up. The economy crash trickled down to everyone.”

The bankruptcy filing is not something that Teresa Giudice or her husband, Joe, are taking lightly.“We worked so hard for so many years and it was heartbreaking to file [for bankruptcy], and not something we took lightly,” she blogs. “[We] got new jobs, and are working hard once again.”

As for the recent legal woes that have accompanied the bankruptcy filing (including a court-ordered auction which the Giudices’ lawyer is objecting), Teresa Giudice chalks it up to standard legal proceedings. “If you’ve ever been unfortunate enough to be involved in a legal situation, you know it’s a lot of back and forth between both sides,” Giudice writes. “Right now, our bankruptcy trustee is trying to get an auction going, and our lawyer is objecting it. Every day, there are new tactics used, stories circulated, and details ‘leaked’ to the press, but it’s all part of the legal wrangling.”

Regardless of the public’s criticism, Teresa Giudice is trying to keep a good attitude in light of the difficult situation. “All I can do is rise above it, keep my head high, and know that at the end of the day, I have my family, my health, and I’m in God’s hands,” she writes. “Nothing else matters, certainly not a lamp.”

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Photo credit: Bravo

Topics: Bravo Reality TV Shows, The Real Housewives Of New Jersey |

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One Response to “Real Housewives of New Jersey: Teresa Giudice Trying To “Rise Above” Bankruptcy Woes”

  1. Black Housewife of OC Says:
    July 30th, 2010 at 3:23 pm

    Teresa, Joe, and so-called business partner entered into re-habing complexes, I believe,
    like other developers,as LLCs, during the real estate go-go days with liar loans. The sewer bankers knew these people didn’t have the assets to pay back the loans, thus, the taxpayers got left holding the golden bags they walked out the bank with me by signing fake loan papers. They should be in jail drinkimg the toilet water, instead of Teresa refusing to sit on an used toilet. In fact, I made it as a a real housewife through hard work with the cards stacked against me. Teresa and Joe are just high rolling welfarers living off taxpayers.


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