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Sunday, September 5, 2010

Teresa And Joe's Bankruptcy Woes

Article from Pop Eater.

Photo: Bravo
A New Jersey lawyer for the Dept. of Justice handling the case of Teresa and Joe Giudice in federal bankruptcy court has filed a complaint on Thursday objecting to the couple's request for Chapter 7 protection, claiming they intentionally failed to reveal major assets in their original petition. The court documents that appear to have been filed by Roberta A. DeAngelis have surfaced on a 'Housewife' blog. Sources of income alleged to be missing from the bankruptcy filing? The court documents list a $250,000 book advance from Hyperion received by Teresa for her cookbook 'Skinny Italian,' her ownership of an online boutique called TGFabulicious and more.

The complaint mentioning the book advance is pictured below:

The objection reads: "To date, the Defendants have not filed amended schedules that disclose the existence of the book 'Skinny Italian,' the publishing deal with Hyperion, Defendant wife's ownership of TG Fabulicious, LLC, or Defendant husband's ownership of 1601 Maple Avenue Associates, LLC."

The claim further alleges that the couple were untruthful in previous sworn testimony ("the Defendants have knowingly and fraudulently made false oaths in this case") as the contract with Hyperion was reportedly dated Oct. 22, 2009 -- just prior to the Guidices' petition for bankruptcy protection -- and signed within weeks of filing for Chapter 7. While Teresa has reportedly acknowledged in an April 2010 examination under oath that she received the book advance, her legal team has apparently done little to officially update court records about the newly disclosed assets.
Meanwhile, many of the couple's priciest belongings -- from vehicles to furniture -- were set to be auctioned off this month, but reports that lawyers for the couple are now trying to avoid the spectacle of a public auction by arranging for a more private sale.

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