When The Checks Stop Coming In: Real Housewife Of NJ Is Broke As Hell

Posted on June 6th, 2010 - By Bossip Staff

Categories: In White Folks News, News, SMH, When The Checks Stop Coming In

teresa and joe giudace

Damn, apparently Teresa and her husband on the Real Housewives of New Jersey make $79K annually and owe $11M to creditors…

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.

Teresa, known for her lust for designer clothes and expensive bling on the Bravo show, owes nearly $20,000 on credit cards for Bloomingdale’s, Nordstrom and Neiman Marcus. In total, the Giudices show $104,000 in debt on at least eight credit cards. The bank has moved to foreclose on the Giudices’ $1.8 million, 10,500-square-foot, eight-bedroom, 5½-bath marble-and-onyx manse in Towaco, NJ, the couple moved into during the first season. Teresa and Joe defaulted on their $1,280-a-month payment for the family’s ubiquitous black Cadillac Escalade. They also didn’t have insurance on the massive SUV, according to GMAC.

Teresa — who this season told Joe to get a vasectomy — owes $12,000 to a Garden State fertility clinic. * Banks have taken the couple’s $279,000 four-bedroom Jersey Shore house. The Giudices had three mortgages on the house and owed $325,000. The couple also handed over a $200,000 home in Lincoln Park, NJ, that had four mortgages — and an outstanding debt of $600,000.

SMH. All these frontin’ a$s people on these reality shows need to stop and just be real. If you can’t afford all that bullsh*t, then you can’t afford it. Simple as that, simple f*cks.

Source

  • loverssd

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  • http://perryone779@yahoo,com rose by any other name # 9304026339482056536 ™

    I agree,, get away with these fake azz people. fronting and crap trying to be better than others… f all of them!

  • hateeveryonequally

    JUST GHETTO!!!!

  • nyob

    You mean the RHOA aren’t the only ones frontin’? Dare you say that white folks front too?!

    BRAVO needs to stop the foolishness and pull the plug on all of these fakers and drama-makers.

  • jia

    I love this show and I actually thought she may be spending far more than they actually had. No one on that show is rich except the Manzo’s, and you can see they work for it.

  • Its Bambi *itch!

    Oh no..not the flashy,big mouth,grown acting, bad kids having chick!

  • Its Bambi *itch!

    Dang they broke! She need to find a job.

  • 1987

    Damn, they only made $70k last year?! They both must have been just str8 sitting on their a.s.s.e.s throughout 2009!

  • Lily

    Not surprised, she spends way too much money on the show but it was never really apparent what her husband did to afford their lavish lifestyle.

  • huh?

    So this is just proof that rappers ain’t the only ones that are “false flossin”

  • myHusbandMonitorsMyInternetActivity

    Thats the money that they REPORT to the government. They probably have a lot of CASH under the table etc…. Thats how those kind of people roll

  • Blah

    This is probably why she carries around thousands of dollars in CASH. They probably owe so much money and get a lot that’s never reported to the IRS. I just saw the last episode where she was sayin how one of the other women need to get a job. SMH

  • miss dior

    What does the hubby do? And where did they get the money to build the marble and onyx mansion? Am not surprised something wasnt right about them.

  • nwilson

    I love that show! I always wondered what they did for a living though. That oldest daughter of hers is something else though. Hey, white people do this every day and get away with it. They’ll just file bankruptsy and that will be that. They know this and they are not worried. So I say, if you can do and get away with it, why not?

  • Don’t Make NO Sense

    And she was talking all that sh*t about Danielle!!!! Karma is a B*TCH!!! God don’t like ugly. I knew something bad was gonna come to her after that ugly negative childish table flippin and crap that she was doing last seson. God’s not gonna let you act ugly and hateful like that someone and get away with it!!! LOL I know Danielle is CLOWNING right now LOL!!!

  • samech

    wow. I stopped wathching RHONJ last season. I love the NY one. Sorry to hear.

  • wendy

    wow…Teresa does shop like crazy on the show…Most of the stuff she is getting isn’t really needed..They need to start saving and paying back what they owe..if your going to front like you got it like that, make sure you can back it up and pay your bills!

  • nia

    I don’t believe that is all they made last year. If that is the case, they wouldn’t have been able to get the financing for all they own in the first place.

  • no problem

    I saw this coming they were living way beyond their means. I own a company and me n my husband still try to be smart with our money cuz even when you make a lot off money if your over spending then you can out spend what you bring in annually they only thing I spent big on is the land I live on but our house is not overly huge. She was an idiot on the show n she couldn’t afford that life. I know cuz I have friends who own construction companies and it all went downhill for them when the economy flopped.

  • no problem

    Oh yeah her husband construction company wasn’t even that big.

  • http://www.stylebyraina.com The Stylist

    Wow, that’s awful…when keeping up with the Jones’s goes WRONG!

  • MzFitt

    I’m not surprised! Joisey Girls…LOL…

  • SnakeEyes

    And they have the nerve to talk about the Real Housewives of Atlanta! She’s been broke though from my understanding. Don’t see how she spends the money that she does and then have more kids on top of that!

  • MisSloVely.

    SMH. i would be lieing if i said i am shocked i hope the didnt do this all for tv because at the end of they day they are literally in debt for the rest of thier lives unless if they magically get millions of dollars they are screwed hey stop buying things you have no means of paying for; anything can happen in this economy you can have money one day and the next day have nothing

  • Ne Ne aka iB@S

    No this heffa ain’t broke, I know!
    And have the nerve to be flashy…
    Then talking about Danielle need a job…rolls eyes
    I can’t take her serious…shes an airhead!
    She didn’t know that there are diamonds in Africa.
    I see why Danielle told her to pay attention puh-lease… Lmao
    don’t even get me started on her bad kids (miliania) sp… I can get a belt wear her lil butt out

  • Ms. Sippi

    I think they are jelous of Danielle because she still has a model’s physique..

  • White Devil

    How did they convince people to loan them 11 million dollars?

  • pinklady

    Oh No and she’s my favorite. I think they’re lying about there income. They spend 75k on one episode.

    I think they just don’t want to pay those bills. Because who in the world would finance all those houses they have if the couple only brings in 75k? I’m sorry I don’t believe it, she spends more than that on the kids clothing in 1 episode.

  • pinklady

    I can’t believe any of you support that pyscho Danielle. Danielle psychoneuroses has nothing to do with Teresa.

  • pinklady

    You know what she does carry around alot of cash. I think they’re not reporting all their income because that lady spends way too much money, way too much, way more than 75k and she be paying cash when she spend it.

  • ll

    Something is not right. I don’t see how they could have gotten that much credit without a higher income. Also these ladies make like 40,000 per episode. Did she make nothing from her book? How did they build that house in the first place? I never understood how these people end up broke when they get paid to be on the show. This whole story is strange.

  • Delight23

    LMAO @nyob. Exactly. What you dont see is all the shyt being returned when the cameras are turned off. they shop in these places with Bravo’s money and the opportunity for free publicity for the retailer.

    best believe anything oveer budget either goes back or comes right out their “salary”.

    not sure which is sadder, the people who root for these people like they know them (nene is my girl…I like theresa, she keeps it real) or the idiots who believe these people truly live like this (____ is far from broke, and even so, they still make more money than y’all sorry azzes sitting at a computer)

  • MzTrina95fo

    I don’t really like Teresa she seems like a closet racist, and her Husband looks like the type to cheat with big booty stripper types. I hope she crash and burns. she acts so ditsy sometimes. and spends like she’s married to donald trump, Just gnorant “new money” acting.

  • MOTHERSHIP

    I am truly not surprised.

  • MOTHERSHIP

    MzTrina, your analysis is on point. All of those kids are spoiled rotten and that damned Gia is too grown for her own good.

  • RiskFromBrooklyn

    That’s really ridiculous.. Why would she bring more little italian shmuckz into this world if she can’t even afford to take care of herself!! Teresa your a freagin airhead!! Good for you::!!

  • Toni

    Oh please!!! Don’t fall for the hokey doke people. They make more than $79,000, they just working the system. They know how to do that ish. They only reported what they were required to report but they probably mad change off of side hustles and unreported income. You can’t live lavishly off of nothing and $79,000 aint cuttin’ it. Don’t believe the hype

  • Delight23

    LOL @OMG. I believe construction has replaced waste management.

  • Lovelyone

    She takes her daughters shopping at least three times a week where she spends thousands. Not to mention the damage she has to pay for because of that bad a.s.s. Malania. (Check out the look on the shop owner’s face when they enter the store.)

    Who walks around with thousands and thousands of dollars and pays cash for everything? I think the IRS should take a look at what her hubsnd CONSTRUCTS!

  • MOTHERSHIP

    Also, I have yet to see Joe just tell Teresa no.

  • http://deleted tessa

    I think this guy is a mobster so maybe the gangster business is slow thanks to the bad economy?

  • MisSloVely.

    I still love them though . . this is alot of Americans problem spending more they have even if they file for bankrupcty there still gonna have a hard time getting anything i mean look at how much they owe who takes out 3 mortgages on a house on top of that they dont even live there they were living in a fantasy world and now its rumbling down

  • smh

    THEY ARE THE POOREST HOUSWIVES!

  • o goodness

    it was all drug money!

  • shimmy

    the daughter trying to be a model sounds like a racist in training. in the first episode this season she said something about jews and horns coming out of their heads. notice how theresa made her stop in a way like “No, you don’t say things like that…in front of cameras.”

    and how do you live in a gaudy looking house like that with only 79K coming in annually. all i got to say is that joe is working “construction” like tony soprano is working “waste managment” smh

  • vgirl

    she had too much mouth, somethin was bound to happen to shut her up!Being so judgemental

  • mac

    Why do you people keep saying they have money on the side that they aren’t reporting? If that is the case, then why file bankruptcy in the first place? If they had “extra” money hiding somewhere, wouldn’t this story be moot?

  • R_U_Trying_To_Prove_Her_Right?

    Who but a bunch of naive, voyeuristic clowns, actually believe ANY of those people have DEEP pockets?

    Who, with REAL MONEY, is going to set themselves up for a robbery or kidnapping by exposing that much of their private lives?

    The cribs are rented, the clothes are donated, and the people are FAKES: does that “upright moose” NeNe even look like she has EVER had TONS of money, EVER?

    Then why would you think THESE people would?

  • Maru-chan

    They need to start selling weed.

  • Sheira

    Theresa was being so judgmental to Daniel on the first season. She recited from the book that Daniel was a prostitution W H O R E and engaged 19 times while flipping a table. Daniels past was so offensive to Theresa, because she was on her pedestal. Now she has a dose of what she gave out. Now Theresa is subject to harsh criticism becasue of her Lavish spending with virtually no income. How tacky. Its a lesson for all. Don’t attack someone for their errors because no one is flawless. The tables that Theresa turned over in judgement of someone else came back to bite her. No one wants to be criticized for their past errors by judgmental buffoons who are not perfect and making poor decisions concerning themselves and their children. Their conduct concerning their pretend wealth is repulsive to many, so Theresa should of kept silent about others personal affairs.

  • Marquis de Sade

    Damn, I make on average between $85 – $90,000 a year, with moderate debt, so how did these azzholes manage to accrue eleven million in debt?

  • noniya

    @white devil

    How did they convince people to loan them 11 million dollars

    —————-
    Dey YT…Duhhh!!!!!!!!

    (the fact you don’t know that proves u ain’t YT)

  • noniya

    But for real they probably only reported $79k in income to the irs..

    When they wanted another house, car, credit card etc.. they prolly inflated their income and included the under the table income on their credit applications. They need to look into them for fraud.

  • noniya

    But for real they probably only reported $79k in income to the irs..

    When they wanted another house, car, credit card etc.. they prolly inflated their income and included their under the table income on their credit/mortgage/loan applications. The authorities need to look into them for fraud.

  • Toni

    @mac : just look at their life style. 79K don’t do that. You can’t be 11 milli in debt without money. They can’t live that life style on 79K and returns, you’ll eventually get turned away from every store. By filing for bankruptcy, they don’t have to pay some people and can get some help. They are working the system.

  • jenna love

    She’sso rude and thought she was better than everyone else.

  • Virginia News

    @ myHusbandMonitorsMyInternetActivity

    6/6/10, 10:55:am

    Thats the money that they REPORT to the government. They probably have a lot of CASH under the table etc…. Thats how those kind of people roll
    ————————–

    Aint that the truth.

  • When The Sh*t Hits The Fan

    them poor bad azz kids! gia, gabriella, milania, and audriana (i think thats the youngest one name) no more designer clothes (like on the first season, where the girls were fully clothed in burberry, and burberry aint cheap! just to go to a bday party!) i do believe joe is in the mafia, there’s no doubt about that! dina and caroline are the only one’s that seem to (somewhat) have “real” money. hell, im not even sure what jacqueline’s hubby does to earn a living!
    none of this sh*t makes sense!

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    Riddle me this, Riddle me that
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  • Somali Ninga

    @ White Devil
    Well said

  • Daphine

    This is so ironic since last season she was saying how gross it was to live in a house someone else already lived in. She always acted like she was better than the average person.

  • Malia Obama has proven WHITE AMERICA’S hatred of black females . The joke is ON you black woman. The hatred is getting younger.LOL

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  • Malia Obama has proven WHITE AMERICA’S hatred of black females . The joke is ON you black woman. The hatred is getting younger.LOL

    Krazy Kooky Klown

  • Mulatto Mom of 3

    The Hammerhead Shark and her Meatball husband are broke…this comes as no surprise. He’s in construction, yet it seems as though Hammerhead spends about $100k per month on unnecessary crap. IF they were really balling like that, why in the h.e.l.l. would you need to be on a reality tv show? Real wealthy people do not spend their money like that – they invest – to make their money longer. Obviously, Hammerhead and Meatball have brains the sizes of peas or else they’d know this. They are white Italian trash and it shows…the same can be said for all of them!

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  • Lovelyone

    It is interesting that Dina has gone totally zen this season. Probably a way of dealing with her mafia missing husband.

    And I do not understand how she is a stylist when her house looks so cluttered. Like a woman with a lot of cats that has been collecting odd and ends for years. She would call it eclectic I call it junky.

    And don’t get me started on the ugly cat that she washes in the kitchen sink, UGH!

  • When The Sh*t Hits The Fan

    @lovelyone
    are u talking about grandma wrinkles?? or ladybug? either way those are some ugly azz cats!! but dina is favorite one

  • When The Sh*t Hits The Fan

    correction: she is my favorite one

  • Lovelyone

    I think it’s grandma wrinkles. Both of them are ugly but she gives me the willies just looking at her.

    Can you imgagine washing a cat in your kitchen sink? There is not a disinfectant in the world that can fix that! Especially when they keep saying she is greasy and smells like rotten cheese! How gross is that?

  • Miko

    Y’all went innnnn!!! LOL!

  • jenna love

    HER children are very disrespectful and she can’t handle any of them and she not very attractive.

  • peppamint queen

    These comments are funny as HELL! She needs to stand on the corner and ask for spare change.

    Spare Change Anyone??:)

  • When The Sh*t Hits The Fan

    @lovelyone
    i love these shows too! i dont care for the OC Housewives too much, but ATL, NYC, NJ are my favs!

  • Lovelyone

    Did you notice there is a real old-fashioned dummy on each show with the exception of Atlanta.

    1. Kelly – New York
    2. Lynn – OC
    3. Theresa – New Jersey

    Kelly is double damned. She is a dummy with psychological problems. The other women should be afraid, very afraid.

  • Lily

    I bet Danielle is somewhere laughing until her stomach hurts!

  • When The Sh*t Hits The Fan

    @lovelyone
    i agree, kelly is one crazy bish! u cant top that! i love when her and bethenny go at it, about how bethenny is “attacking” her
    i would say kim is probably the closest to being a dummy on RHOA

  • MzTrina95fo

    correction SHIMMY. the little girl wasn’t saying they have horns coming out of there heads. she was talking about the shirley temple curls on the side the of there heads, that they wear….but still i do agree that teresa is ignorant eough to teach here children to be as ignorant and judgemental as she is. her husband I don’t his “chracter” that bad. She just seems like”new money”, loves to spend beyond her means.

  • Melissa

    Wow I would have never thought in a million years that Teresa Giudice would be a ‘broke ho.’ I guess she can always return some of the clothes she bought for those little monsters of hers. Well I guess they won’t be little monsters for long if she has to take them to live in the ghetto since she and Joe are so broke. A reality check instead of a reality show may do them some good.

  • Ne Ne aka iB@S

    Lovelyone
    6/6/10, 18:32:pm
    It is interesting that Dina has gone totally zen this season. Probably a way of dealing with her mafia missing husband.

    And I do not understand how she is a stylist when her house looks so cluttered. Like a woman with a lot of cats that has been collecting odd and ends for years. She would call it eclectic I call it junky.

    And don’t get me started on the ugly cat that she washes in the kitchen sink, UGH!
    ——-
    is that why u never see her husband. and where is her daughter??

    and her daughter [gia] did get slick one time in the first season with one of those mexican workers…i cant remember what she said… think she asked if he spoke english…anyway she was talkin to him like he was stupid.

  • When The Sh*t Hits The Fan

    @Ne Ne aka iB@s
    i think what happened was, gia wanted to get her suitcase and teresa told her to ask alberto (i think that was his name) and gia told teresa that she doesnt speak spanish

  • ORNurse

    Well, I thought her book was on the bestsellers list! I don’t think they are terribly broke.. But Teresa need to slow down on the spending.. So how she paid for her bubbies?

  • Malia Obama has proven WHITE AMERICA’S hatred of black females . The joke is ON you black woman. The hatred is getting younger.LOL

    ______________oo$$$$$$$$$$S$D$$$$$$$$$$$o
    ___________oo$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$o
    _________o$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$o
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    _____”$$$o_____”””$$$$$$$$$$$$$$$$$$”$$”_________$$$
    _______$$$o__________”$$””$$$$$$””””___________o$$$
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    ________”$$$$o _____o$$$$$$o”$$$$o________o$$$$
    _________-”$$$$$oo_____””$$$$o$$$$$o___o$$$$””
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    The hatred of black women, not to mention the training is getting younger.
    Lots of love,
    KRAZY KOOKY KLOWN

  • KKK (klown is boring)- fashionista come back

    Lol I miss fashionista this Klown can’t even make ppl laugh, fashionista had the ability to work ppl up, to get ppl to care, Klown is just bleh

  • Xster

    How are people allowed the credit to run up that type of bills!

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  • nosey person

    THATS SAD AND THEY WANNA GO SHOPPN AN SPEND 2000$ ON A PAIR OF PANTS WHEN U CANT EVEN PAY YOUR BILLS…..GET A DAMN JOB!!!!

  • BIGGIE-SMALLS

    10MM IN DEBT AND 4 MORTGAGES ON ONE HOUSE!

  • Malia Obama has proven that WHITE AMERICA hate black women. The joke is on you black women. Starting them young. LOL, LMFAO

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  • me

    yeah i blame the bank for loaning them the money! dummies!

  • Louisiana Princess

    Yall can’t be serious thinking that these ppl are broke, it’s a front for the IRS, only ppl with check stubs who work for someone reports their real earnings because they have too, because they don’t put the real figures on there…. Being a small business owner you put as less as you can sometimes I don’t make anything after paying bills…. They ain’t broke because Danielle would have wrote a book about that….. That’s how smart ppl roll.

  • John D. Hater

    I KNEW THESE DUMB WOPS DIDN’T HAVE MONEY LIKE THAT!!!!

  • phansee27

    Ok, first of all if her husband is only making 80 g’s a year how the hell did they afford all this sh*t anyway off of that. Now for someone like me 80 g’s would be a nice comfortable lifestyle…but ole girl need to get up off her a$$ and get a job since she wants to wear expensive clothes and drive expensive cars…I guess we will see them next season with a reality show so Bravo can help them pay off all their debt…SMH!!!

  • dwinone

    I guess why she telling Danielle to get a job…her azz need to get a job. Go figure!

  • Lizzie

    Funny how she was talking about how she could never move into a house someone else already lived in, now she is about to get tossed out on her a**! Furthermore, the comments about them always using cash is true. I wouldn’t be surprised if they were into some illegal doings to support their lifestyle. And she needs to get a JOB and get her damn tubes tied!

  • Lovelyone

    I hope Danielle is getting paid more than the other housewives for them riding on her as the entiure plotline for the series.

    I swear if they can’t find something else to talk about they need to take this shiz off the air!

  • Curious1 aka P r o n e 2 Bossip Induced Hissy Fits/ Red Pill vs Blue Pill

    And of course….this is NOT Gold digger material…of course..NOT…

    This is the type of women black men say we need to step “our game” up and emulate…

    The hypocrisy is nauseating

  • jerjorju

    @ “Mulatto Mom of 3″
    Luv the names Hammerhead and Meatball. Remember how he told his “model” daughter, Gia that she was ugly on the way to a show? And Theresa told her “You shouldn’t be upset that, is just the way Daddy talks. You should be used to it.” That is some great parenting. BTW I see nothing cute about Gia, physically or in her personality.

    About the financial situation, maybe that is why they are pushing Gia to model. They obviously need the income.

  • jerjorju

    According to Popeater.com (per a former ‘Housewife’) the Housewives on New Jersey make $3,333 per episode and all have signed a three year contract. They will not get an pay raise until time to renegotiate their contracts.

  • Bytch Please

    Something is WAAAAY off. How in the hell did they make only $79K/year living like they made $1M plus???

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