Real Housewife Really Wants to Keep Possessions Despite Bankruptcy Filing
Teresa Giudice , who stars on Bravo TV’s “Real Housewives of New Jersey,” recently told People Magazine that she and her husband filed bankruptcy last October to get a fresh start after investing in “real estate deals gone bad in a bad economy”.
However, the bankruptcy trustee in her case has accused the Giudices of misleading the court about the value of their assets and is proceeding with a scheduled auction on Aug. 22 to sell many of their possessions at their Towaco, N.J. mansion.
The Giudices’ attorney says that the couple has not misled the court, and that he is appealing the decision and hopes the auction will not take place. In his appeal, he said that many of the items listed for sale were purchased after the bankruptcy filing, with money earned post-petition. He has argued that those items purchased after the filing should not be included as part of the bankruptcy assets.
In a blog on Bravo’s web site, Giudice wrote about the bankruptcy filing: “The economy crash trickled down to everyone. We worked so hard for so many years and it was heartbreaking to file, and not something we took lightly. Of course you can't sit in your bed and just cry all day, so we moved forward, got new jobs, and are working hard once again. The point is to get a fresh start so you can move forward.”
Luckily for most Americans, you don’t need to be a reality TV star to get a fresh start by filing bankruptcy. If the economic downturn has affected your family adversely and you have more debt than you can handle, contact a Florida bankruptcy attorney to learn about your options for getting a fresh start.
Greg Gilbert
Keith Maynard
