Monchichi-looking* Real Housewife of New Jersey Teresa Giudice has blamed the economy for her family’s debts of $11 million and claimed that the television show exaggerated her spending. Looking at the contents of her tacky Mcmansion in foreclosure and up for auction, it’s clear how she blew money. Among her family’s effects are a mahogany bar, a suit of armour, and a bronze-colored vanity table that puts the “T” in tacky. Everything in the home is ornate, gilded, bronzed and ostentatious. We’ve previously seen Teresa’s mansion in In Touch and now we get to see more of the crap she wasted other people’s money on. On an episode of Real Housewives, Teresa bragged that “My whole house has nothing but marble, granite and onyx,” and said that she had it custom built because “I don’t want to live in somebody else’s house, that’s gross.” Now other people will be living in her house and sitting on the obnoxious furniture she went heavily into hock for:

In June, a trustee for their bankruptcy case alleged in court documents that the Real Housewives of New Jersey star and her husband Joe had hidden assets, including profits from her book Skinny Italian and his stake in a pizzeria, which was also featured on the Bravo show.

The trustee, John Sywilok, also accused the pair of undervaluing items listed as personal property exempt from the bankruptcy filing, including a pool table ($1000) and even their wedding bands ($400).

Now, those items will be going up at auction on Aug. 22 at 12 p.m. (EST) at their Towaco, N.J., mansion…

Reached by PEOPLE last week, an attorney for the Giudices, Jim Kridel, said he hoped an auction wouldn’t take place, and also said the couple had not mislead the court about their assets at the time of their bankruptcy filing.

He also denied that their had undervalued their personal property, saying, “You can’t sell used, personal property for the sticker price. A $5,000 chandelier won’t sell for $5,000. Nobody will buy a used mattress. The real issue in bankruptcy is, what’s the value of everything? And at the time of the bankruptcy, these things didn’t have any value.”

Although Giudice denied that her belongings will be auctioned through her rep, her attorney, Kridel, said that the auction is currently slated for Aug. 22, but adds that he is appealing the decision.

“Obviously we have objections to what they’re trying to do,” he says, noting that many of the items listed were purchased after the bankruptcy filing with money earned post-petition, meaning they should not be included among the bankruptcy assets.

“I don’t think Teresa is happy seeing all her belongings displayed on the Internet,” he says, adding that she feels it should have been handled in court before being made public. “Clearly they are under the microscope because they are famous.”

[From People]

Teresa and her husband made less than $100,000 a year officially, and Teresa was regularly seen on the show paying for high ticket items in cash. It’s not much of a logical leap to assume they were hiding assets, as alleged in their bankruptcy case. No one feels sorry for this greedy woman with no sense of personal responsibility or decorum. Hopefully her family’s creditors can recoup a small percentage of the cash that went to fund a lifestyle that should have been as unattainable as it was frivolous.

*I’m sure I got the Monchichi reference from Michael K at D-Listed.

Here are photos of some of the contents of Teresa and Joe Guidice’s home, thanks to ajwillnerauctions.com. Photos of Teresa are from 5/26 and 6/24. Credit: WENN.com.