This is actually part two of a two-part series addressing all the weird stories about the Real Housewives over the past day or two. This final (I hope) one will clear up the latest RHONJ rumor about Teresa and Joe.
Rumor Three: Joe and Teresa Giudice will get a clean slate from the bankruptcy judge — they paid $7,500 to creditors and in the process they’ll erase more than $13 MILLION in debts!!! (started at TMZ and picked up by In Touch)
This story simply makes no sense. Two of the felonies they pled guilty to in their plea deal were related to their bankruptcy fraud. Their Bankruptcy case was DENIED years ago because among other things they committed fraud. They were not allowed to claim bankruptcy. The bankruptcy claim was thrown out! That is when the FEDS started investigating them. Had they not filed, they would not be in the mess that they are now. So I have no idea what TMZ is talking about when they claim they have discovered new paperwork regarding the bankruptcy from “the bankruptcy judge.”.All of the information about their lack of equity in the properties and so forth was considered way back when they filed for bankruptcy.
The federal indictments for the fraud they committed in the now nonexistent bankruptcy case have yet to be adjudicated. They have pled guilty and are awaiting a hearing for sentencing and restitution. So that whole “$7,500 to erase $13 Million in debt” is nonsensical. We won’t know what they are required to pay in restitution, or if their property is seized until the hearing.
HOWEVER, Perhaps TMZ is trying to say they got a look at the plea deal. If the plea deal includes only $7,500 in restitution, that would be insane. It seems completely unfathomable to me that they don’t take their assets, like the house. The assets (property, cars, jewelry, etc) should go back to the creditors. In short, the TMZ story doesn’t make any sense.
My Opinion: TMZ was very sketchy about the information. They say it is new information from “the bankruptcy judge.” There is no bankruptcy case for there to be a judge on anymore. So this has to be Bullshit. Or else they are not explaining what they have.