Nearly $11 million. That’s the amount of debt that Real Housewives’ of NJ Teresa Giudice and her husband Joe are facing. This includes the foreclosure of their Towaco, NJ mansion, which is used in the Real Housewives’ series. They have filed for bankruptcy and are undergoing credit counseling.
How did the Giudice's get into this much debt? Simply, it’s a matter of spending more than they earn, which is allegedly $79,000 a year. Here’s a laundry list of some of their debt, courtesy NY Post:
Credit card debt — $104,000 (including $20,000 on credit cards for Bloomingdale’s, Nordstrom and Neiman Marcus).
Car payment — $1,280/month for their Cadillac Escalade (they defaulted on payments).
Fertility clinic — $12,000
Real estate — $2.6 million for eight mortgages on three homes (two were taken by lenders)
Business investments — $5.8 million
Phone bill — $2,300
Home repairs — $85,600
I love Teresa but perhaps she should have listened to her fellow housewife, LuAnn. Money can't buy you class.
0 comments:
Post a Comment