Which “Real NJ Housewife” is headed for Bankruptcy?

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You got it…Big Spender…Teresa Giudice!!! Teresa and her husband Joe are headed to bankruptcy. After seeing the way Teresa spends I can understand how funds would be low, but lets not put all the blame on Teresa…her hubby Joe owes money to former partners.

According to the NY Post,

She has a gaudy new mansion, pricey breast implants and spends thousands of dollars on shopping sprees for her spoiled brats — but a New Jersey reality star and her goombah hubby are real-life deadbeats who owe $11 million, court records show.

Free-spending “Real Housewives of New Jersey” diva Teresa Giudice and her husband, Joe, make just $79,000 a year and are up to their tanned necks in liens, foreclosures and unpaid bills, according to bankruptcy papers filed in Newark federal court.

The Giudices say they owe creditors $10,853,648.04.

Spendaholic ‘housewife of NJ’ owes a big-hair-raising $11M
Behind the bankruptcy filing

What the Giudices make a year:
$79,000 (plus $120,000 in “assistance” from family members)
What they owe: $10,853,648.04

Credit Cards
$104,000
including $20,000 to Bloomingdale’s, Neiman Marcus, Nordstrom
$1,280 monthly payment for Cadillac Escalade

Mortgages
$2.6M
for eight mortgages on three homes (two have been handed back to lenders)

$5.8M Joe’s business investments

$85,600 Home repairs

$12,000 Fertility treatments

$2,300 Phone bill

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