Update: Joe Giudice withdrew his bankruptcy petition, meaning he owes his creditors 11 M. Teresa, who did not withdraw her petition, is working hard to pay off their debts.
UPDATE JUNE 30 The bankruptcy fraud trial has been postponed until October 13.
Update November 14:
From the way the original blog post is written (see below) I did not assume it’s veracity, hence, the question mark in the title. However, confirmation of the hearing has been obtained. This hearing set for July 14, 2011 is to get a judge to dismiss the Giudices’ Chapter 7 bankruptcy petition because of fraud.
- Failure to report $250,000 (an advance Teresa received from a publishing deal for her book)
- Failure to report Joe’s ownership/interest in a Pizza shop
- Failure to report a $3,333.33 monthly income
- Concealing assets including a bank account of Joe’s, two pieces of real property, vehicles, the ownership of an online boutique called TG Fabulicious
- Presenting false income tax returns to the bankruptcy court
Joe and Teresa Giudice’s arrogance and lack of regard for the law is finally catching up with them. The Giudices of the Real Housewives of New Jersey filed for bankruptcy protection in the fall of 2009, then proceeded to continue hiding assets and spending money, all of which was public and well known by anyone watching the show.
I found this post on a blog last night, it is not edited by me.
Joe and Teresa Giudice will go on trial for alleging lying on their bankruptcy petition. The US Justice Dept. filed a complaint against the Giudice’s and it seems that all discovery is compete and the trial is set for next year, in July.
The US Justice Dept. cited errors on the Giudice’s bankruptcy petition, stating Teresa hid her $250,000 book advance and she and Joe did not disclose other businesses as well the Lawyer for the US Justice Dept stated “
The Defendants further stated on Schedule I that as of the petition date Defendant wife was unemployed, but received $3,333.33 in monthly “income from Bravo and The Defendant wife testified that she does not hold interests in any businesses”.
Those statements may send Joe and Teresa to jail, it is not clear why the Giudice’s would sign the petition with those statements under oath when in fact Teresa had an online business she was receiving income from and had other income as well. The petition was riddled with issue’s and now the couple will answer in open Court! Giudice stated in her bankruptcy papers she had no business but had launched her online store and was receiving income from it!
The Us Justice Dept has it’s work cut out for them as the Giudice’s have made some slick moves, in one episode of the reality show Teresa was seen paying over $100,000 for furniture yet to try and avoid the bankruptcy Auction of their home furnishings they had their lawyer file papers that they purchased most of the home items after they filed for bankruptcy just washing away all or most of there property. The upcoming trial will be interesting, when ibuysss.com Tabloid asked Bravo if the Giudice’s financial woes would be apart of the up coming Realhousewives show they would not comment.