Teresa Giudice explains bankruptcy, “We’ve learned a lot from our mistakes”

itw

First of all, the Photoshop on Teresa Giudice is AMAZING. What the f-ck did they do to her? She looks like Andie McDowell, right? Anyway, CB already covered the hilarious/sad RHONJ renunion show, in which there was possibly some extreme drama about a possible love child for Teresa Giudice’s husband, which I guess we’re now calling a “nephew.” CB covered it in detail here for a refresher. Anyway, In Touch Weekly “scored” a cover with Teresa in which she seems to be going on the record about her bankruptcy and Joe’s possible infidelity. So far, ITW hasn’t released the part where Teresa talks about Joe’s affair though – instead, this is just about their bankruptcy and how dumb they are:

For Teresa Giudice, it was like living a nightmare. After ten years as the big-spending wife of a successful real estate developer, the Real Housewives of New Jersey star was being told by a lawyer that she and her husband, Joe, were $11 million in debt — and needed to file for bankruptcy as soon as possible.

“I was humiliated,” she tells In Touch in an exclusive interview.

Not to mention shocked. Kept out of the loop regarding Joe’s business dealings, Teresa, 37, had no idea they were in so much financial trouble until that fateful day in the lawyer’s office.

“Joe thought things were going to get better,” she explains. But they got worse and worse in more ways than one. After that initial shock, Teresa saw her lavish tastes scrutinized and mocked. And her alleged $60,000 spending spree on home furnishings — which reportedly took place right after she and Joe declared bankruptcy — didn’t win her many supporters. When Teresa stated her case on The View, insisting that she’s now living within her means, Joy Behar replied, “How can you live within your means if you’re now $11 million in bankruptcy?”

These days, though, Joe has taken control of the finances, doing all the grocery shopping and imposing a limit on Teresa’s credit cards. And he doesn’t mind: “I want to save more.” While the girls used to always have brand new clothes, they now wear each other’s hand-me-downs — easy, since they’re all growing so fast.

“Me and my husband have learned a lot from our mistakes,” Teresa shares, adding that, as heartbreaking as it is, bankruptcy does have a silver lining. “It’s brought us closer together.”

[From In Touch Weekly]

If I can wager a guess, I’m going to predict that Teresa skims the issue of Joe’s affair with a comment like, “Maybe we weren’t so close a year ago, but we’re doing really good now.” Survey says: love child! Regarding the bankruptcy and all of that though: she doesn’t really tell all about anything, or really explain how and why you would spend $11 million on crap when you don’t have any money coming in. Dumbass.

UNIVERSAL CITY, CA - MAY 12: TV pesonality Teresa Giudice arrives at The Cable Show 2010 'An Evening With NBC Universal' on May 12, 2010 in Universal City, California. (Photo by Alberto E. Rodriguez/Getty Images)

May 12, 2010 - Universal City, California, U.S. - May 12, 2010 - Universal City, California, USA - Real Houswives of NJ TERESA GIUDICE arriving to the Cable Show 2010 An Evening With NBC Universal held at Universal Studios. © Red Carpet Pictures

Cover courtesy of In Touch Weekly.

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47 Responses to “Teresa Giudice explains bankruptcy, “We’ve learned a lot from our mistakes””

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  1. Fluffy Kitten Tail says:

    She is wall-eyed like a Pike!

  2. Chelly says:

    This ugly pug face “woman” just can’t keep herself out of the tabloids/media.

    No one cares about you! Go away!!!

  3. gem says:

    She hasn’t learned a thing

  4. Team Bethenny says:

    She was “kept out of the loop” and “had no idea,” yet he’s now “taken control of the finances”? That doesn’t sound like a good plan to me.

    BTW, the Blind Item going around about “Magilla and Shrilla” is hilarious.

  5. LOVE ANGELINA says:

    I wouldn’t go as far to say Teresa looks like Andie McDowell. Poor Andie McDowell but Teresa does look pretty good on this cover.

    Teresa just has gaudy expensive taste. I don’t think we ever saw the house they lived in before. Maybe the mansion was the straw that broke the camel’s back.

    I would be really sad and shocked if Joe cheated on Teresa. I think they would have covered that story if he had because this one about the bankruptcy is starting to get old.

  6. Tess says:

    “How I blew $11 million while my husband’s goomar blew him.”

    Story next week.

  7. Relli says:

    I am just thrilled we are talking about a cover a magazine that does not involve the Kardashians. Seriously its grotesque and out of control, I went to buy a magazine the other day and strived for one with out their faces or story about their SUPER thrilling life and I was hard up. Freaking ridiculous they are not talented or interesting on any level.

  8. eugene says:

    Ugh. Joe buys groceries and she writes a cookbook? Got it. Joe didn’t make money and she spent it anyway? Ok.

    Yeah, that’s tha life huh?

  9. Bored@Work says:

    Its interesting how she gets so upset at Danielle on the show for always pointing out her lies and flaws, but they do it to Danielle all day every day. I am begining to resent them all now.

  10. lola lola says:

    That woman is so creepy looking that I have to turn away. Is there such thing as a Wolf-woman?

  11. zippersgirl says:

    My husband was watching TV yesterday in another room and I heard him yelling ” Wow, what an ugly woman. She looks like she just crawled out of a cave. What’s wrong with her head?” I come in the room and it’s Teresa. lol. Yeah, and her life style is even uglier.

  12. Stronzilla says:

    How do you get in debt to the tune of $11 million and still drop 60 large on home furnishings? Who gives these people credit? Crap, if all you need is mega debt, personal bankruptcy and a cheating spouse to be on the cover of ‘In Touch’and be a reality star then we’re doomed. Next stop, DWTRHWONJ on the Jersey Shore.

  13. Bored@Work says:

    Teresa is a nut case that needs to be locked up in debtor’s prison to rot.

  14. Catherine says:

    I swear she used to be a man.

  15. Kelly says:

    @Stronzilla, remember the scene in season 1 where Joe has a HUGE roll of bills and just peels them off to pay for the furniture delivery? What was the bill, something like $100k? No credit needed, obviously – but on the other hand, who pays a $100k bill in cash? hmmm…

  16. Fluffy Kitten Tail says:

    @LA-Why do you insist that Joe is not a cheater? Seriously, you have drank too much of the Reality Tv water! Nothing is as it seems. Do you think Teresa is about to allow her husbands infidelity to be made public? She can do very little about the financial stuff in her life, as it is of public record, BUT the cheating stuff can be easily denied and covered up, and that is what they are doing. Teresa is not about to let the truth about her seemingly perfect marriage come out, especially when everything Danielle has said along the way, has been basically true.

    There is nothing sad about him cheating on her. She is a low class woman who loved the man for what he could give her, not for the man, Be real. No one buys that bunch of crap!

  17. artista says:

    Limit on her credit card spending!!!! HELLO, you learned nothing about debt if you are using credit cards NJ Trash.

  18. Persistent Cat says:

    Can someone so publicly tacky understand the word “humiliation?”

  19. Persistent Cat says:

    Can someone so publicly tacky understand the word “humiliation?”

    The cover reads, “how I blew $11 million.” People should be outraged and not buy that magazine because it’ll indirectly reward her bad behaviour. But sadly, people will buy it.

  20. Captaine says:

    she has no forehead.

  21. LOVE ANGELINA says:

    Well Fluffy Tail why do you insist he is? What proof is there that Joe is cheating? Joe seems like a perfectly content family man if there was even a hint of him being a cheater they would have included it some where in the show. Bravo doesn’t give damn about creating images, they want the dirtiest lowest thing they can get for ratings and shock value. So I haven’t seen any proof of Joe cheating. Just Joe and Teresa have poor judgment in money matters otherwise all I see is he adores his wife and she adores him. They have been married for 10 years. There is more proof he is a good man to his family then not.

  22. Ron says:

    37????!! 37???!!!! 57 I would buy. Wow has she been put away wet one or two million times or what?

    She’s demanding more money from Bravo now too. Please. Fire this bitch. Danielle is certifiable but that is what makes a show.

  23. original kate says:

    meanwhile, at the bada bing…

  24. aenflex says:

    The brushed up her icky hairline. Nasty. Her husband is nasty too.

  25. Taya says:

    This woman is beyond disgusting. Did she mention all the people her and her ape husband screwed out of money for building that ugly house of theirs? The hundreds of people who did not get paid and are now suffering finacially because they screwed them all over.Did Teresa mention the apartment buildings they own and do not fix and let tenants live in filth and danger because they are so greedy to even fix it up? Did she mention the court case a tenant won because they are slumlords? Teresa and her nasty husband are horrible people and need to go to jail for scamming hundreds of people and cheating on their tax returns. Her husband is cheating on her and everyone in Franklin Lakes knows it except this dimwit. People like this make me sick!

    The whole cast of RHWONJ are scum.

  26. original kate says:

    “She looks like she just crawled out of a cave.”

    @zippergirl: LMAO! do you think your hubby would mind if i borrow that line?!

  27. Fluffy Kitten Tail says:

    Nevermind LA, I had a lengthy response to your comment, but what is the point.

    Yeah *eyeroll* Joe Giudice and Teresa are good people with poor responsibility towards finanaces! Must be nice to live in your world!

    Try Google sometime. You can learn a lot about the real world and about bs if you have the time.

    The Giudice’s are scum.

  28. GrnMtGirl says:

    I think Joe is a Class-A jerk!!

    He always seems annoyed by Teresa (I would be too), he isn’t the least bit willing to step up and consider a vasectomy, he lied about drinking and his accident, he was dishonest with Teresa about their finances, he seems disinterested in his daughters and I wouldn’t doubt he had a little sugar on the side.

    Yuck!!

  29. pammie8 says:

    LMFAO yeah Joe seems like a very content family man! GTFO are you watching the same show everyone else is? He cringes every time Grape Ape opens her annoying yap! He tells his kids to shut the F up! Yeah he cant be cheating on her! What a moron!

  30. Boston02127 says:

    Photoshop should have given her a forehead.

  31. Michele says:

    Andy McDowell? More like Rody McDowell.

  32. Robin says:

    This woman’s perspective regarding life makes me want to gag. Regarding the reunion show: If the rumors about Joe cheating weren’t true, then why did Teresa literally go ape-shit and transform into a thunderous heathen when Danielle (in a snarky way) asked why Teresa hadn’t given her “nephew” a gift? If that “rumor” didn’t have an ounce of truth to it, then Teresa should have sat her repulsive ass down on the couch and said “Shut the hell up!” instead of screaming like a banshee and pushing Andy Cohen around like a Neanderthal from the Mesozoic era. Dumb bitch.

  33. TB says:

    There is a limit on her credit card use? How does she still have a credit card?

  34. Curtis says:

    Seriously this human troll doll and her ugly brood are so grotesque. These bitches became famous bullying a woman, dredging up her past, destroying her reputation and then acting as though their victims well earned protective paranoid behavior towards them made her the bitch. I’ve despised the way Andy Cohen has gone along with the whole narrative that the Manzo/Guidice gang are the “good” Jerseyites and Danielle Staub is a monster. They’re all freaks, whose avarice and greed and crappy behavior to their fellow man is only excusable on TV as a glaring example to everyone of what and who not to be. Putting her on Magazine covers and desperately trying to photoshop her ugliness both physical and spiritual away is a joke.

  35. nanster says:

    I don’t know why, but I watched the Bravo marathon of the RHWONJ this past weekend (it was also my first time watching the show). I guess it was like watching a train wreck – I couldn’t take my eyes off of the TV. I can’t believe that people so cheap, tacky, and ridulously stupid actually exist. And to be $11 million in debt for no good reason? That’s why this country is in the shape it’s in. I still can’t believe the money Teresa forked out for the youngest daughter’s christening party. The Guidices should have to pay back EVERY CENT of the money they blew. Disgusting.

  36. CB Rawks says:

    Aw, she went broke before she could get her hairline hemmed upwards.

  37. Suzanne says:

    I am a fan of the show…and all this past season…Danielle was made out to be this dillusional nutbag..which I agree she seemed to be…but I have to agree with those that saw her as the victim on that reunion show. Even the host had loaded questions for her..that always put her in a bad light. The other three women had the advantage which I thought was wrong. Theresa gives Italians a bad name. She goes deaf, blind and dumb when any subject that puts her on the spot, came up with vague, evasive answers. Does she kiss her kids with that mouth? Wow the language was horrific! Whether Joe cheated on her or not..she’s still a low class broad whose husband gave her a bank account to blow. Danielle is no doubt a fluzzie…but Theresa seems a lot more classless with her cheasy clothes..fake boobs and bling. “What are you gonna give me for our anniversary..it better be some thing big.” Who says that except a selfish, self centered person looking to impress with material things? The show will be dull without Danielle and all her drama…so I wonder if there will be any real reason to watch it this season.

  38. maggie says:

    Teresa come from a “green horn” Italian Family. That means simply, her parents are off the boat and they still think NJ is Italy. She is a spoiled ginny brat who was never told NO. Joe obviously could never say no either. Teresa has a major spending problem and needs professional help. She is also attention seeking. Her spending is over the top and she seems to have NO bounderies when it comes to money and material things. I cant wait for the love child story to come out in the papers.

  39. KrissyBalls says:

    Actually…and I am surprised no one has mentioned this, it actually is a NEPHEW. Apparently, Teresa has a brother who married an african american woman, which her family, or at least her hardcore Italian old school parents, shunned him for. Guessing Teresa didnt want Danielle to go one step further and bring that up on TV. They had a kid just recently…hence the nephew talk. Check out Teresa’s blog on Bravo.com. Heard she addresses it.

    BTW enough about Teresa…Danielle is the one who looks like she is a character from the Land Before Time.

  40. KrissyBalls says:

    @ Nanster…its not just people who live in NJ who blow money, hence ALL of the Real Housewives shows. Beverly Hills is next, how do you think that one is going to go down? Its going to be the same exact thing, even worse.

    I dont mind it. I live through it vicariously. It must be nice on the surface, but I live in Jersey, and used to work up in North Jersey, where the Housewives live. All of those neighborhoods are small and the types of towns where everyone does talk. Old money, everyone is in your business. I would never live up there, ppl are way too uppity and in your biz.

  41. jon says:

    “imposing a limit on Teresa’s credit cards”

    Hold up, wait a minute. I watched the interview on the View. She clearly states that she STOPPED using credit cards and only uses her debit card (ie cash). Liar!

    F these people. Why are we all working and paying our bills on time? Let’s all rack up $11 mil, file for bankruptcy and get some new credit cards?

    Anyone who is a fan of the Giudices is an idiot. These people are thieves. They ripped off small businesses, retail stores and their tenants.

  42. katie says:

    LOL @ this bitch thinking she’s a legit celebrity,

  43. dee says:

    To answer the question of who would give the Giudices a credit card? Apparently it is even easier to obtain credit cards right after claiming a bankruptcy…because one who claims bankruptcy cannot file/claim bankruptcy again for a certain number of years…so this is the best time to extend credit because they KNOW they will be paid.
    I got this info from my lawyer brother after I specifically asked him.

  44. bb says:

    I want to tell you that I live here in the same town as Tara (Joe’s sicilian sidedish)and I can’t take another second of this.

    Joe & Tara (or Beppe and Petit) have been together for a while. I spoke with her friend Alex who said they are all disgusted and surprised at the relationship. Tara comes from a wealthy and well connected family. Her father is a crazy sicilian.

    Anyway,they meet up in Long Beach Island at her beach house and it’s easier to meet up now that Teresa is away a lot (like this weekend in Vegas)

    Teresa: where was Joe the night of the christening? And the night you came back from Italy. He left the house and you know it, to “check on the pizza place” yeah right!

    Joe is a jealous lunatic when it comes to Tara F (not G) she gorgeous, so what the hell is she doing with a broke loser her friends ask? It’s sexual supposedly.

    She tweets to him in italian so he can keep tabs on her (again, because he’s jealous) Alexandra said when she posted her photo on her twitter he flipped out because he said if people find it “everyone will want to get in your pants and I’m going to go apeshit”

    she hasn’t taken the photo down, but wrote on it to him .

    According to her friend she secretly tweets under:

    petiteposie

    Also according to her friend, Joe is leaving Teresa asap. He can’t stand the cameras and press. He just wants to live quietly. Teresa is a fame whore and 15 minutes is up. Tara told her she’ll never come forward because she’s afraid of her family.

    I asked about a baby boy. No one will give me info.

  45. Juliette says:

    The forehead is weird, but when I look at her decollette (chesticles area), all I can think about is chocolate chip cookies…….

  46. Tina says:

    I think almost all of the above comments are very harsh. I do not know this family personally; however, just from watching the show.. they seem to be a very loving close family. I am from the south, so I really started watching it because of the accents and the differences between people that live up north and us that live in the south. It appears to me though that they are a very close italian family and I could only wish to be in a close family/friendship like that. Also, if Teresa does has a mixed newphew..so what? I am white and have a black husband and live in Georgia, I thought it was supposed to be more accepted up north. We are all people, we can’t help who we fall in love with. It is 2010, live and let live, sweep around your own front door before you worry about mine or theirs. One more thing, Teresa is a beautiful woman and all of her girls are adorable.

  47. TL says:

    @bb

    Joe and Tara have a little boy together. She has said that he looks like Joe. Apparently she is so afraid of her father that she won’t even talk to Joe if her father is around.

    She does mention LBI quite often when she tweets beppe and still has her picture posted.

    She is very beautiful, I don’t understand the relationship either. The last time I saw her she had blond hair. People are saying that she has blue eyes but I thought she had brown eyes. Anyway, maybe my memory fails me.

    It does appear that your post is correct. I didn’t realize Joe was planning on leaving Teresa. During the last few shows, it did seem like he was tired of her. He should be very lucky to be with Tara. Maybe he thinks this will solve his money problems.