Brain Top Off!

Teresa Giudice, from “The Real Housewives of New Jersey,” and her husband are going bankrupt. An auction of Teresa Giudice’s belongings will be on Aug. 22. Teresa Giudice and her husband could be selling most of their belongings because they owe an $ 11 million debt. Resource for this article – Teresa Giudice auction- Housewives star facing bankruptcy by Personal Money Store.

Debts paid with Teresa Giudice auction

Last October, Teresa Giudice was forced to file bankruptcy with her husband. The couple couldn’t keep it up with $ 11 million in debt. The court and trustee arranged an auction of much of the couple’s belongings to help pay back creditors. August 22 is when the auction is intended to happen although Giudice’s lawyer doesn’t like that idea and is fighting it.

All the debts paid with Teresa Giudice’s auction money

A lot of debt has accumulated within the last few years by the “Real Housewives of New Jersey” star. Between her and her husband, they claim an income of $ 79,000 a year. $ 3,333 is made every month by Teresa Giudice working for Bravo TV. Her husband claims $ 3,250 per month in income from his stucco and stone company. In Towaco, N.J., they have a $ 1.8 million home. They also have bought homes they will be losing in Lincoln Park and on the Jersey Shore. $ 5 million is owed to former real-estate partners and they have to pay a fertility clinic $ 12,000 also. Teresa Giudice was shown on video spending $ 2,000 on clothes in 10 minutes although she claims to spend no more than $ 400 a month.

What will be sold at the Teresa Giudice auction

The Teresa Giudice auction, assuming courts do not block the sale, will start at noon within the Towaco home. Examples of items consist of flat-screen TVs, a pool table, sofas and even chandeliers. The value of the items could go up based on all the publicity from the affair. Either way, the money could be used to help pay off the creditors, and Teresa Giudice and her husband will have to make an effort to live within their means in the future.

Watch Teresa Giudice and Danielle Staub

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