Details about Teresa's bankruptcy.
The Celebrity Cafe.com
Teresa Giudice spends way more money than she makes
Amanda Mandell
Each week, Bravo follows the five ladies of The Real Housewives of New Jersey. The show features how they live and what they do in their daily lives. One major part of their everyday life is, of course, spending money.
Teresa Giudice and her husband, Joe, have filed for bankruptcy, according to the New York Post. Teresa and Joe have four daughters, live in a beautiful mansion, drive fancy cars and spend loads of money on clothes. The couple reportedly make $79,000 a year combined, and are in debt by over $11 million.
The couple filed for bankruptcy in a Newark, New Jersey court, listing $11.8 million in debts. They owe about $2.6 million on mortgages to their three homes, $5.8 million on business investments, $104,000 in credit card debt and $12,000 to a fertility clinic. The banks have taken away their homes in the Jersey Shore and in Lincoln Park. The bank also moved to foreclose their main home in Towaco, New Jersey, which is worth $1.8 million.
The Real Housewives of New Jersey airs on Bravo and is in it's second season.
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