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.
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.
RadarOnline.com was the first to report on the couple's financial over-reach last year when one of their homes went into foreclosure.