Wooo, lawdy! We’ve got a lot of fun stuff to get into about the insanely tacky yet deliciously entertaining castmembers of Bravo TV‘s Real Housewives series. First, you may recall that last week we learned that it was reported that Teresa Giudice, who stars on The Real Housewives of New Jersey, and her family are $11+ million dollars in debt despite the lavish lifestyle they purport to enjoy on the reality TV show. Today we learn that the Giudice family has been forced to file for bankruptcy because they are B-R-O-K-E:
The Real Housewives of New Jersey star Teresa Giudice is breaking her silence after it was discovered that she and her husband Joe filed for bankruptcy. “While this is a personal matter, I realize that certain aspects of my private life will always be subject to scrutiny and distortion,” Giudice says in an exclusive statement to PEOPLE. “What is true is that due to the economy, most of my husband’s real estate ventures failed despite his hard work and effort. As a result, we looked to the Bankruptcy Court for a ‘fresh start.’” Indeed court papers filed with the U.S. Bankruptcy Court in Newark, N.J., show that Giudice, 38, and her husband filed for Chapter 7 bankruptcy, which requires liquidation of assets in order to pay creditors, in October of last year. Papers also show that the couple had to undergo credit counseling, and were awarded a temporary stay on payments for their Cadillac Escalade and mortgage payments for properties. In the documents filed, the pair declared their personal assets, which include real property and personal property, as $2,261,150. But their liabilities — $8,709,831.34 — far exceeded that number. In addition, the couple had to assess their monthly income. Combining Joe’s salary as owner of G&G Stucco and Stone Specialist in Clifton, N.J., with Teresa’s income from Bravo and “monthly assistance from family members,” that number totaled $16,583.33. Their expenditures, including their mortgage, food, clothing, dry cleaning, health insurance and other expenses, total $16,582. The couple owes more than $33,000 on various store credit cards, $85,000 for home repairs and $91,000 for materials used to build their new home. During the first season of The Real Housewives of New Jersey, Giudice, who famously flipped a table on the show, and her family moved into their $1.7 million mansion in Towaco, N.J. The reality star, who was often filmed treating her daughters to new clothing and expensive toys, was also depicted flashing stacks of cash while furnishing the house. And in a recent episode on the second season, she boasted of spending significant funds on her daughter Gia‘s spa birthday party. “When people fall, the way to success is to get up and learn from our mistakes,” Giudice says. “We are in that process.”
Dang … when hypocrites fall, they fall hard. If you watch the show (and you should, it’s a crazy freakfest each and every week) you had to know that this pitiful family was living way beyond their means. Considering how disgustingly flippant Guidice enjoys flaunting her “wealth” on the show, it just seems karmically right that she get slapped down hard in the real world for her outrageously irresponsible behavior. Guidice recently gave birth to her 4th child and never seemed to care about planning financially for her children’s future. Hopefully this will serve as a lesson.
In other Real Housewives of New Jersey news, castmember Danielle Staub is allegedly about to make her sex tape debut! Referred to as a “prostitution whore” by her fellow castmates, Staub (née Beverly Ann Merrill) is reportedly featured in a 75 minute sex tape that TMZ reports is about to be released by Hustler Inc.:
Another “celebrity” sex tape is about to hit the market — and this time, the people distributing the footage claim the star is Danielle Staub from “Real Housewives of New Jersey.” Hustler Inc. tells us it is all set to distribute a 75 minute tape, featuring Jersey’s most hated Housewife — and mother of two — in a naked romp with a mystery man. A rep from Hustler tells us the tape was shot last September — several months after 47-year old Staub first appeared on the Bravo reality show. The tape is set to be released on June 14. A rep for Staub had no comment on the story.
Yikes! I cannot think of a thing I’d MOST never, ever want to see in my life. Previews for next week’s ep of The Real Housewives of New Jersey hint of the discussion of Staub‘s sex tape so it sounds like — like it or not — the tape is on the way.
Oh and one last bit of Housewives goodness to share, the reunion episode of The Real Housewives of New York City is set to air on Bravo this Thursday night — after the jump, check out 2 preview videos from that much-anticipated reunion special (oh, you know you want to) … More »