Teresa Giudice files for bankruptcy, reveals how much Bravo pays her

Table-flipping Real Housewives of New Jersey star Teresa Giudice and her husband Joe have filed for bankruptcy despite all of her spending on the show and her best-selling cookbook.

The New York Post first reported the bankruptcy and breaks down their debt, noting that “The Giudices say they owe creditors $10,853,648.04.” Most interestingly, the filings show that Theresa earns $3,333 a month from Bravo; that’s equivalent to a $40,000 a year salary.

In a statement to the media that People claims is exclusive to them but Access Hollywood also has, Theresa said, “While this is a personal matter, I realize that certain aspects of my private life will always be subject to scrutiny and distortion. 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.’ When people fall, the way to success is to get up and learn from our mistakes. We are in that process.”

Spendaholic ‘Housewife of NJ’ owes a big-hair-raising $11M [New York Post]
NJ Housewife Teresa Giudice: Bankruptcy Is a ‘Fresh Start’ [People]
Jersey ‘Real Housewife’ files for bankruptcy [Access Hollywood]

about the writer

Andy Dehnart is a journalist who has covered reality television for more than 15 years and created reality blurred in 2000. A member of the Television Critics Association, his writing and criticism about television, culture, and media has appeared on NPR and in Playboy, Buzzfeed, and many other publications. Andy, 36, also directs the journalism program at Stetson University in Florida, where he teaches creative nonfiction and journalism. He has an M.F.A. in nonfiction writing and literature from Bennington College. More about reality blurred and Andy.