‘Housewife Of New Jersey’ Teresa Giudice And Her Husband, In Bankruptcy, Owe $11 Million To Creditors, New York Post Reports

Big spender Teresa Giudice, her husband Joe and their daughters at the second season premiere party for New Jersey Housewives

We read this story yesterday, but we tried to resist blogging about it. But when our cousin Judy out in Washington State e-mailed it to us, we knew it was dish we had to spread.

On Saturday the New York Post did a great story, headlined “Deadbeat Reality: Spendaholic ‘Housewife’ of NJ’ Owes a Big-Hair-raising $11 M,” on table flipper Teresa Giudice.

Man, we thought we were shopaholics, but we have nothing on Giudice, a mainstay of Bravo’s “The Real Housewives of New Jersey.” She’s been buying up a storm ($20,000 on credit cards for Neiman Marcus, Bloomingdale’s and Nordstrom, no TJ Maxx for her), even though she and her husband Joe owe $11 million to creditors.

According to bankrupcty papers filed in Newark federal court that the Post dug up, a bank is looking to foreclose on the Giuduce’s $1.8 million mansion in Totowa, N.J.

The Post claims that banks have already seized the Giudice’s shore house.

Money is so tight, the Giudices have defaulted on their monthly $1,280 payments for their Escalade, according to the Post.

Giudice, a stage mom who has worked hard to get her small daughters modeling gigs, makes $3,333 a month for doing the Bravo reality show, according to court papers, the Post reported.

Although we see them living large on TV, in bankrupty filings Giudice, who just wrote a cookbook called “Skinny Italian,” and her husband claim they only spend $400 a month on clothes.

We met Giudice at a party for the premiere of the second season of “Real Housewives of New Jersey,” and she was pretty and sweet. So we hope she and her husband can get out from under their debt.