After racking up an impressive $11 million in debt, Teresa Giudice of the reality TV show the Real Housewives of New Jersey and her husband filed for Chapter 7 bankruptcy last October.
The couple is recently drawing fire, however, as while the court is forcing the couple to auction of assets in attempts to repay their debt, they are hardly appearing to be fiscally responsible. It is being reported that the couple went on a shopping spree in excess of $21,000 immediately before filing for bankruptcy and yet another spree of $60,000 right after.
Their lawyer, Jim Kridel, has jumped to their defense, however, saying that the money they spent after filing came from a book advance Giudice got for Skinny Italian. He argued that since the money was earned after the filing, Giudice is free to spend it however she likes. Regardless, the couple is currently being forced to auction off some of their better known assets, including a boat and a suit of armor, in their efforts to become debt free.
If you or a loved one are currently struggling with debt and considering filing for bankruptcy, contact Pacific Attorney Group as soon as you can. By working with an experienced
bankruptcy attorney, you can get your questions answered and any myths dispelled. When you are educated about the situation and are working with a lawyer that holds your best interests at heart, you can be confident your future is being handled by responsible, capable hands.