Mansions, breast implants, fancy cars and designer wardrobes don’t come cheap but when you make just $79,000 a year, something has to give. For The Real Housewives of New Jersey star Teresa Giudice and her husband Joe, that something is bankruptcy, RadarOnline.com has learned.
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Their bankruptcy petition, filed in federal court in Newark, New Jersey, lists $11.8 million in debts. That includes $5.8 million on various business investments made by Joe, $2.6 million in mortgages on three homes, and $12,000 owed to a fertility clinic.
The couple also list $104, 000 in credit card bills, including $20,000 to top-tier department stores like Neiman Marcus and Nordstrom, and $2,300 to the phone company.
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RadarOnline.com was the first to report on the couple’s financial over-reach last year when one of their homes went into foreclosure.
