Joe and Teresa Giudice Lifestyle All Smoke and Mirrors

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Joe and Teresa Giudice Lifestyle All Smoke and Mirrors!

While Joe and Teresa Giudice wait for their judgement day in court, the Real Housewives of New Jersey couple’s deadbeat lifestyle has been EXPOSED!

CelebNMusic247.com has learned via TMZ that a bankruptcy judge will be giving  Joe and Teresa Giudice a clean slate since they paid $7,500 to creditors and in the process they’ll erase more than $13 MILLION in debts!!!

Here is what’s being reported on RHONJ’s reality couple, Joe and Teresa Giudice.

The court docs obtained by TMZ are quite shocking, which EPOSES how Joe and Teresa lived their lives through smoke and mirrors, having almost no equity in any of their lavish trappings of wealth.

 

Check out ALL the items they own, but have no equity in:

 

They have a $1.7 million house with only $140K in equity.
They have 2 other properties where they have NO equity.
They have a Maserati, an Escalade, a Ford 350 yet again, NO equity in them.
They also have a Sea-Doo boat, a Kawasaki quad, 2 go carts and other stuff, still no equity.

As for their creditors who will walk away with nothing … they include 5 banks, all of which loaned the couple more than a million bucks.  Wachovia Bank got shafted to the tune of $5.3 MIL.

Don’t forget, the Giudices are about to get prison time for bank fraud. But on a weird note,
The Giudices valued their dogs at $600.  The bankruptcy trustee begged to differ, saying the dogs were worthless.

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