Teresa Giudice’s property to be auctioned, including a stroller and a suit of armor
Teresa Giudice might continue to dismiss stories about bankruptcy as “gossip” even as she defends filing for bankruptcy as an American cornerstone, but the contents of her home are scheduled to be auctioned to pay off her creditors on Oct. 3, after being postponed from its original Aug. 22 date. While a public auction may not happen, for now, you can see all of Theresa’s property that is being auctioning off. (Most recently, Teresa has been accused of “hiding major assets” from the bankruptcy court.)
The auction house’s catalog [PDF] lists everything that’s being sold, including a refrigerator, a gas range, kids’ bikes, a double stroller, sconces, and a foosball table. Also, there’s a suit of armor. Really.
You have to be committed to go to the auction: A $300 refundable deposit is required, the auction’s details point out. An auction house rep told the New-Jersey Star Ledger, “I don’t want it to be a zoo. I want it to be very orderly and professional.”
However, attorney James A. Kridel told Radar that in his conversations with the trustee attorney, “We concluded that we didn’t think that the public sale would draw any additional money. So it would be an exercise in futility.” Instead, he said, “there would be an agreed upon price and it would be sold to an individual or individuals at a set price which we believe would be more than we could get at a public sale. And then it has to go before the court and usually it would have to be approved by the court.” Such a private sale still has to be approved by a judge