Newly Bankrupt 'Real Housewives' Couple Are The Perfect Microcosm Of Everything That Is Wrong With Our Country
Bankruptcy filing made yesterday claims $11 million in debts. Take a guess at their combined income. Disgusting, revolting details are inside.
Who watches these stupid Bravo series anyway. As TV Czar, I would rid the earth of the Bravo Network forever. And anyone who watches this crap would be kicked out of the country, cans of orange spray-on in tow.
These deadbeat trolls should be ashamed to show their faces, yet astonishingly they are on television in front of millions of every week. Spending and smiling, tanning and injecting. Excuse me while I book a one-way trip to hell. It can't be any worse than what I'm currently feeling.
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More than $11 million in debt on a combined income of $79,000.
- "What is true is that due to the economy, most of my husband's real estate ventures failed despite his hard work and effort. As a result, we looked to the Bankruptcy Court for a fresh start."
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Spendaholic 'Housewife of NJ' owes a big-hair-raising $11M...
She has a gaudy new mansion, pricey breast implants and spends thousands of dollars on shopping sprees for her spoiled brats -- but a New Jersey reality star and her goombah hubby are real-life deadbeats who owe $11 million, court records show.
Free-spending "Real Housewives of New Jersey" diva Teresa Giudice and her husband, Joe, make just $79,000 a year and are up to their tanned necks in liens, foreclosures and unpaid bills, according to bankruptcy papers filed in Newark federal court.
The Giudices say they owe creditors $10,853,648.04.
Teresa, known for her lust for designer clothes and expensive bling on the Bravo show, owes nearly $20,000 on credit cards for Bloomingdale's, Nordstrom and Neiman Marcus. In total, the Giudices show $104,000 in debt on at least eight credit cards.
Teresa and Joe defaulted on their $1,280-a-month payment for the family's ubiquitous black Cadillac Escalade. They also didn't have insurance on the massive SUV, according to GMAC.
Teresa -- who this season told Joe to get a vasectomy -- owes $12,000 to a Garden State fertility clinic.
* Banks have taken the couple's $279,000 four-bedroom Jersey Shore house. The Giudices had three mortgages on the house and owed $325,000. The couple also handed over a $200,000 home in Lincoln Park, NJ, that had four mortgages -- and an outstanding debt of $600,000.
* Teresa and Joe owed another $1 million for property in Clifton, NJ, that has been given back to lenders.
On the show, Teresa famously dresses her four daughters in designer clothes, and last season dropped $2,000 in 10 minutes of shopping.
Yet, in bankruptcy papers, Teresa and Joe claim to spend just $400 a month on clothes.
On a recent "Real Housewives" episode, Teresa boasted that she dropped "a fortune" on daughter Gia's televised 9th birthday party. The child got an all-terrain vehicle, along with a trip to a spa in a pink stretch limo for her and her friends.
Joe, who "owns several successful businesses throughout New Jersey," according to his wife's Bravo bio, owes more than $5 million, including debts to former partners associated with his Section 8 real-estate deals.
In court papers, Joe, who owns a stucco and stone company, lists his monthly income as $3,250; Teresa pulls down $3,333 a month for her Bravo gig. The couple gets another $10,000 in "monthly assistance from family members."
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Behind the bankruptcy filing
What the Giudices make a year:
$79,000 (plus $120,000 in “assistance” from family members)
What they owe: $10,853,648.04
Credit Cards
$104,000
including $20,000 to Bloomingdale’s, Neiman Marcus, Nordstrom
$1,280 monthly payment for Cadillac Escalade
Mortgages
$2.6M
for eight mortgages on three homes (two have been handed back to lenders)
$5.8M Joe's business investments
$85,600 Home repairs
$12,000 Fertility treatments
$2,300 Phone bill
Jun 8, 2010 at 10:33 PM
Reader Comments (17)
Nordic citizens kicked out for going on the dole
Tuesday, 08 June 2010 10:05 BJS News
Despite criticism, Denmark continues to expel Nordic citizens because they receive welfare
It is not only people from developing countries who are repatriated from Denmark. Since 2004, the Danish state has expelled 46 citizens from other Nordic countries for receiving welfare payments.
Denmark is the only Nordic country to deport fellow Scandinavians for simply going on the dole, reports Politiken newspaper.
Last year alone, ten Norwegian, Swedish, Finnish, and Icelandic citizens were forced to leave the country while three Nordic citizens were deported in the first four months of 2010.
OBAMA, PAY ATTENTION...THERE ARE ABOUT 10 TO 20 MILLION ASSES YOU NEED TO KICK OUT OF THE COUNTRY.
Barney Frank love fest...Video
Self-identified liberals and Democrats do badly on questions of basic economics.
http://online.wsj.com/article/SB10001424052748703561604575282190930932412.html?mod=WSJ_Opinion_LEADTop
http://online.wsj.com/article/SB10001424052748703303904575292530057313818.html?mod=WSJ_newsreel_business
http://online.wsj.com/article/SB10001424052748704749904575292942969129382.html?mod=googlenews_wsj
The move is the strongest indication yet that financiers will pay higher taxes to help close an expanding U.S. budget gap. Congress is taking aim at the perceived excesses of the financial-services industry, but the proposed changes have implications well beyond Wall Street.
The proposed law would tax "carried-interest" income, or the share of profits that fund managers receive as part of their compensation. This income is currently taxed at a 15% rate, while the ordinary income by most wage earners is taxed at up to 35%. The new law would raise the tax rate for partnership income to an effective 30% in 2011 and 33% in 2013.
http://online.wsj.com/article/SB10001424052748703302604575294750452297416.html?mod=WSJ_newsreel_business
http://www.cnn.com/2010/HEALTH/06/03/gulf.fishermans.wife/index.html
http://globaleconomicanalysis.blogspot.com/2010/06/public-union-parasites-move-to-bar.html
http://globaleconomicanalysis.blogspot.com/2010/06/subprime-goes-to-college-students.html
http://www.chicagotribune.com/news/local/blagojevich/ct-met-blagojevich-trial-politics-20100602,0,2512076.story
http://www.cbsnews.com/stories/2010/06/02/politics/main6542699_page2.shtml?tag=contentMain;contentBody
http://www.cbsnews.com/stories/2010/06/03/earlyshow/living/travel/main6543633.shtml
http://www.newscientist.com/article/mg20627633.700-shapeshifting-islands-defy-sealevel-rise.html
You're absolutely RIGHT. Responsibility went out the door in this country right after Accountability left the building too. Now douchebags like this deadbeat couple are the new NORM, NOT the exception. Instead of being publicly vilified they laugh it all off instead as thousands watch them admiringly.
I myself have already burnt my way thru all the previous stages of GRIEF: Denial, Anger, Bargaining and Depression. Now I'm OK. I've finally reached the last stage of ACCEPTANCE. The seemingly endless parade of outrageous acts that you publicly denounce on any given day would have been enough to sink a government 20 years ago. Today no one seems to notice, no one seems to care.
this is harsh reality : nothing to add, please prepare to survive
Gerald Celente Breaks Down The Troubled Financial World Markets on Alex Jones TV
http://www.infowars.com/gerald-celente-breaks-down-the-troubled-financial-world-markets-on-alex-jones-tv/