Teresa-RHONJ Hid Her Bankruptcy From Bravo?

Article from Astrochicks.

I have always wondered why Bravo casts Real Housewives who are on the verge of divorce, bankrupt, with no money? Maybe because it adds more drama to the show, or is that a reflection of the typical housewife today? This season on Real Housewives of New Jersey, it appears that Teresa Giudice’s fabulous life is all smoke and mirrors. For Danielle Staub, she was broke until she was cast to appear on the show, now she’s rolling in cash from book deals, appearances, sex tapes, etc.

Season Two of Real Housewives of New Jersey was filmed last fall and winter, before and after Teresa Giudice’s bankruptcy filing. The only problem is, fans will never see Bravo, Teresa or Joe Giudice mention the seriousness of their financial problems.

“We had no idea about any of that,” says one of the production staff, who was certain no one at Bravo knew about the bankruptcy until a New York tabloid broke the story two months ago.

“We just follow the ladies. They tell us what they’re doing and we decide if we want to film them that day. So, if Teresa [had] said, ‘Hey, guess what, guys? I’m going to file for bankruptcy today,’ we probably would have followed it. But it’s easy for them to not give us that information.”

“It’s really a disgrace,” says Paterson Realtor Joe Mastropole, a former business partner of Joe Giudice who is listed as being owed $586,000 on the petition. “Why are they still pretending to be people they’re not on the show?”

On Oct. 23, 2009, State Superior Court Judge Ellen L. Koblitz ruled that the Giudices still owed Mastropole $255,000 (plus 10 percent interest per year, dating to 2007) on that mortgage . Six days after her ruling, Joe and Teresa filed for bankruptcy.

It will be interesting to see if Teresa and Joe Giudice can hold on to their mansion in Towaco. It’s reported that the monthly mortgage is $12k per month, now that the furnishing is being auctioned off I guess they will be sleeping on the floor. I wonder if Bravo will renew Teresa’s contract for next season’s, Real Housewives of New Jersey season three? Stay tuned!