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.”
NJ Housewife Teresa Giudice: Bankruptcy Is a ‘Fresh Start’ [People]
Jersey ‘Real Housewife’ files for bankruptcy [Access Hollywood]