NJ Housewife Teresa Guidice Bankrupt With Debt Of $11 Million

In Celebs by KGaz , on Monday, June 07, 2010, 7:51 AM (PDT)
teresa guidice


Guidice and her husband spend to keep up.

There's nothing wrong with making $80,000 every year -- unless you're spending millions more than that. Real Housewives of New Jersey star Teresa Guidice is in serious money trouble after filing for bankruptcy -- look at how she's been spending.

The report comes from the New York Post via Celebitchy, with both Theresa Guidice and her husband pulling in roughly $6,000 every month (she makes $3,000 as a reality star, he makes nearly $4,000 as the owner of a stone and stucco business). It's reported their family help them out every year by contributing $10,000 to their family of six (Guidice has daughters ages 9, 6, 5 and 9 months). Their crazy spending habits, unfortunately, add up to a reported debt of $10,853,648.04.

Check out some of the spending Teresa Guidice's been doing -- yikes!:

"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.

The bank has moved to foreclose on the Giudices' $1.8 million, 10,500-square-foot, eight-bedroom, 5½-bath marble-and-onyx manse in Towaco, NJ, the couple moved into during the first season."

Guidice also spent mega-bucks on a stretch limo and all-out birthday party for her nine-year-old daughter and owes $12,000 to a ferility clinic -- after she told her husband to get a vascectomy...what?! Her husband's cut off in more ways than just that -- he owes $5 million in business deals alone.

Go here for more on Teresa Guidice's spending habits -- it's incredible. Also, check out our story on another scandalous update about famous women onscreen...yep, it's the kiss between Sandra Bullock and Scarlett Johansson at the MTV Movie Awards!

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Comments (23)
Posted By Merina (4 years ago)
I can't beleave that Teresa Gidice, would come on TV and make like she has more then everyone else, also she talk about other people homes. Not moving in to someone else home. Spending all this money which she don't have. She has the balls to speak on someone else take a look in the mirror and turn over a table @ yourself. Return some of that stuff you brought or have a yard sale.
Posted By hope zoellin (4 years ago)
My husband makes a lot more than hers and I can tell you there is no way we could afford the way they live. Their kids are spoiled brats and not nearly as cute as she thinks they are. My grandchildren make hers look downright homely. Her husband is an idiot to allow her to spend the way she does...she belongs in congress where she would feel right at home. Maybe she needs to get a job instead of exploiting her children. She personifies the New Jersey housewife. Ugh!!!!!
Posted By lisa (4 years ago)
LOL they pay her that much you have got to be kidding those poor kids Karma gets you every time...
Posted By manriquezjulian (4 years ago)
Who cares
Posted By shovon (4 years ago)
Couldn't of have happened to a better person!
Posted By Famous (4 years ago)
I hate to say this about people, but I must! YOU get what you deserve. She is super annoying, I was watching a show the other day and someone asked her if she had tattoos and she said: "Would you put a bumper sticker on a Bentley" OMG, she is so full of poop. My husband and I make way more than that and could not live how she does.. All I can say is "WOW".. Maybe this will teach her a life lesson..
Posted By renee (4 years ago)
One big fake you and your husband had nothing it's so funny the both of you playing rich,ha ha ha ha you are broke,now you have to live like regular people and go to work,stop having babies and get a job
Posted By Trisha (4 years ago)
Well when you spend beyond your means then you have to pay the piper. They make a decent living and could have lived within their means and lived comfortably but both had to spend, spend, spend. It totally amazes me how anyone can rack up credit card bills totally $105,000. I have only seen the reality show once or twice and I have to say I think it's a ridiculous show and she more than likely tried to keep up with all the fake people on that show. Well Ms. Guidice you getting what you deserve you spend WAY MORE than you or your husband makes and you feel ohhh well we'll just file for bankruptcy and that will be the end of it. I doubt this will change their ways. Keeping up with the Jones' just caught up with them.
Posted By Torres (4 years ago)
Who know's which information is true or false. But the one thing a person does is attack someone else's children. How dare you say someone's children aren't cute or spoiled brats. I think her daughters are adorable and she loves them. YOU DO NOT KNOW THEM, MERINA. Sounds like Merina is unhappy, insecure and jealous and stop being an internet bully. If they are having finiancial problems, so what.....that is there is issue not yours.
Posted By Leslie Richardson (4 years ago)
New Jersey house wife Danielle Stuab is a real nut case, she needs to be put in a room with Kelly from the New York housewife show. They both have something wrong in the head. They make up stuff and never remember what they say or do. Danielle kids look sad in the eyes like they want to say something to her but are scared to. And Kelly's weird trying to act like shes was a super model. She just lucked up and married a famous photographer. And if they weren't on these tv shows nobody would even know about them. Those two need the money from the shows to live mainly Danielle, theres a reason here ex isnt giving her child support payments and why would you want your kids around those ex felons shes so proud of. O forgot shes one too .
Posted By kathybortscheller (4 years ago)
It is so sad that everyone has to keep up with the Joneses. Theresa and her husband have a beautiful family, but they have to realize that their love and security of a home are much more important then having everything you want. Children learn from their parents, so I hope they can turn their situation around and do better for their kids.
Posted By Teresa (4 years ago)
Wow, her family is so generous to give her $120,000 a year...I wish I had family like that . NOT !
Posted By Teresa (4 years ago)
WOW ! Her family is generous to give them $120,000 a year, I wish I had a family like that ! NOT !!
Posted By Teresa (4 years ago)
WOW....her family gave her $120,000 a year...I wish I had a family like that...NOT !!!
Posted By Funky (4 years ago)
How irresponsible. They were living like they earned over $500,000 a year. This is an extreme example of what is wrong with this country when it comes to economics. When credit comes easy people do not respect money. We are rotting ourselves from the inside out. What happened to them is what will happen to America itself if Obama keeps spending money we don't have. Very sad.
Posted By bl00 (4 years ago)
They are so not rich the mortgage for that house is Im sure way more than $6,000. They are so not rich my Dad makes way more money than them.
Posted By Robin (4 years ago)
What did they put down as income on the mortgage applications, credit card applications and all other credit applications. If they lied about income, they can be prosecuted for this and should be. There is no way they should be allowed to file bankrupt and walk away from all of this debt when I bet that even a cursory investigation would uncover fraud on their part. A simple Google search shows several ordinary individuals that defrauded banks in this way and they got prison sentences for it. Why should it be any different for them. And with her having a book on the best sellers list.....the only people who lose are the American people who will face tougher times getting loans and will pay higher rates when they are approved.
Posted By Jennifer Doctorovich (4 years ago)
I think your staggering sense of entitlement is disgusting. We are in a world economic crisis. You spend millions of money that you don't have only to ask for taxpayers to bail you out? What the hell is wrong with you people? You give Jersey Girls a bad name, honey. You are cheap, tacky and your name isn't Guidice, it's Guido. Your husband reminds me of Tony Soprano. You, my dear, are a cheap floozy. My advice is to get a JOB, stop having babies, and start raising the ones you have to know the value of a dollar. If you can't afford it, you can't buy it. And we can't always have what we want. Sorry if this is harsh, but I am NOT and never will be a fan of arrogance, entitlement, and opulence at the expense of others. Sincerely, Jennifer
Posted By kristen innewjersey (4 years ago)
to hope zoellin: i have lived in new jersey all my life - on the west side of the state where there are still beautiful places to see, farms and plenty of people with money. To say that teresa personifies any housewives of new jersey is a completely ignorant statement. you obviously don't know anyone from this state because if you did, you'd know how embarrassed people are of this show and jersey shore. sure, these people exist who pretend to be something they are not but people are doing that in every state....i'm sure you know a few, actually, i bet you are living above your means right now. think before you speak!!!!!
Posted By Ashley (4 years ago)
All I have to say is are an a-hole!!! It's one thing to not like Teresa and to be disgusted by her actions, but to attack her children, you my dare should get your butt kicked...her children have nothing to do with any of this and are innocent little kids and don't deserve to have their self esteem crapped on by a miserable piece of **it like you!! watch your mouth and get some medicine for your verbal diarreah!!
Posted By Ashley (4 years ago)
My apologies Merina I agree with what you said and my comment was not intended for you!! I t was however intended for Hope Zoellin!!! I was thinking of Hope but wrote Merina....sorry Merina!!
Posted By Lizzy (4 years ago)
I have absolutely NO pity for this woman. The way she spent money was obscene and she had the audacity to call the othe woman a prostitute. Nice shot of her showing her ass to her husband to get some more money to go shoppoing.........who's the REAL whore here......a wedding ring doesn't make any difference when your're selling your body for money. Get a grip woman and while you're at it, get a forehead.
Posted By Maria (3 years ago)
Has anybody seen Teresa's commercial for Sizzle Tan? She once said that living in a used house “skeeves” her out, but she will bake in a germ-ridden tanning bed??? She must be really desperate to pay the $11 million debt she & her husband have racked up. She wants to act rich & live in a 5 million dollar house? Cheat the government & your creditors & say you only make $79,000.00 a year, run up your credit cards, live way beyond your means, blame the economy, file for bankruptcy & then get a fresh start. There is no bailout for the people they owe money to. They will probably get pennies on the dollar for what they are owed, if they’re lucky. Could anyone walk away from being owed $50,000 & not be hurt by it? I doubt it. Why is a company any different? That is someone's salary for a year. Teresa & her husband are nothing but thieves. Period. They should be ashamed of yourselves!!!
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