Teresa Giudice

Real Housewife of New Jersey Can't Stop Spending Money

Filed under: Wealth

It seems not even bankruptcy can stop "Real Housewives of New Jersey" star Teresa Giudice from spending. The NY Post reports that the reality TV star went on a shopping spree shortly after she and her husband Joe filed for bankruptcy. She spent around $60,000 on furniture and other home decor items from high-end stores.

The Giudices were in court to try and convince a Newark federal bankruptcy judge to stop the August 22 auction of the contents of their Towaco home.A.J. Willner Auctions is running the auction which includes a Schaefer & Sons Grand Piano, a Wolf stainless steel range, a six-foot Satsuma temple urn, plenty of ornate furniture including both a pool table and a poker table, a suit of armor, chandeliers and sconces, framed paintings and a Sea-Doo Bombardier jet boat. The auction has been postponed until October 3.

The Post reports that even the Giudices' lawyer was hard-pressed to defend Mrs. Giudice's profligate ways. Judge Morris Stern acknowledged that the spending was "a lifestyle choice" but also said "it's not for this court to tell people how to spend their money." Too bad, clearly someone needs to; perhaps a visit to Debtors Anonymous is in order.

Tags: BankruptcyCourt, real housewives of new jersey, Teresa Giudice

A Real Housewife of New Jersey's Bankruptcy Auction

by Deidre Woollard (RSS feed) —

Filed under: Auctions

Teresa Giudice one of Bravo's Real Housewives of New Jersey is bankrupt and her furnishings are headed to the auction block on August 22. She and her husband, Giuseppe "Joe" Giudice owe $10.85 million in debt. The couple has filed for Chapter 7 meaning that their belongings will be liquidated.

The items being auctioned were in the couple's foreclosed home and seen on the show. A.J. Willner Auctions is running the auction which includes a Schaefer & Sons Grand Piano, a Wolf stainless steel range, a six-foot Satsuma temple urn, plenty of ornate furniture including both a pool table and a poker table, a suit of armor, chandeliers and sconces, framed paintings and a Sea-Doo Bombardier jet boat. The word "faux" appears frequently in the descriptions of furniture and decor.

Those interested in buying will need to have a 25 percent deposit in cash or certified funds ready at the time of successful bid and full payment is due on August 23rd. In order to attend this auction, interested bidders are required to present a $300 refundable deposit at time of registration to serve as the required deposit until a bidder's balance exceeds a $1,200 threshold. At this point bidders will be asked to increase their deposit in order to satisfy the 25 percent requirement. There is no buyer's premium.

[via Gawker]

Tags: bankruptcy, real housewives of new jersey, Teresa Giudice

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Sunday Real Estate Round-Up, 06/13/10

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

From the Real Estalker:
--Teresa and Joe Giudice from "The Real Housewives of New Jersey" have said that their home in Towaco, New Jersey is not for sale for $3,999,999 despite popping up in real estate listings. The pair filed for bankruptcy in October 2009.
-Mike and Irena Medavoy are selling their latest Beverly Hills home for $7.495 million. It's already listed as looking for backup.
--Mischa Barton has raised the price on her eight-bedroom Beverly Hills, California home to $8.695 million.
--Hilary Duff and Mike Comrie have picked up a five-bedroom home in Beverly Hills for $3.85 million.
--Canadian singer Celine Dion's newly completed home in Jupiter Island, Florida includes three swimming pools complete with water slides and a lazy river.

From the LA Times Hot Properties:
--Romance and thriller writer Tami Hoag has listed her Pacific Palisades house at $2.995 million with Luzette Vidal, Coldwell Banker Residential Brokerage, Westlake Village. She bought the house for $3.25 million in 2006.

From the Wall Street Journal's Private Properties:
--Estancia Alicura, a 180,000-acre ranch in the Patagonia region of Argentina has gone on the market for $30 million. The ranch is owned by Ward Lay, the son of Herman Lay, the co-founder of Frito-Lay Co. and the former chairman of PepsiCo. The listing is with Hall & Hall.
--An estate once owned by Beatles drummer Ringo Starr has hit the market. The home in the gated community of St. George's Hill, in Weybridge is listed for £5.95 million with Savills.

From the NY Times Real Estate:
--President Obama's New York City rental from when he was a student in New York City, No. 3E at 142 West 109th Street, is available for rent. It is listed with Dalila Bella of CitiHabitats for $1,900 a month.
--Philippe de Montebello, the former director of the Metropolitan Museum of Art, has bought a two-bedroom condominium in a high-rise at Madison Avenue and 94th Street for $1.75 million.
--Ken Mehlman, the former chairman of the Republican National Committee bought a two-bedroom condominium on the 17th floor of the Chelsea Mercantile at 252 Seventh Avenue at 24th Street for $3.775 million.

From the NY Observer:
--Designer Alexander Wang has bought a $2 million Tribeca one-bedroom from former New York Times Style editor Holly Brubach.
--The six-story townhouse at 63 East 82nd Street that belonged to Lawrence B. Salander, former director of the once-prestigious Salander-O'Reilly Galleries has sold at "very close" to the $14.25 million asking price.It was once listed as high as $25 million.

From the NY Post:
-Baseball legend Darryl Strawberry has signed a one-year lease for a high-floor two-bedroom apartment at the Ohm building on 11th Avenue and 30th Street. Two-bedrooms start around $3,600 per month in the building.
--Chef Mario Batali has been checking out some TriBeCa real estate, visiting the $14.95 million penthouse duplex at 33 Vestry St. and also looking at a TriBeCa townhouse in a similar price range.
--Loren and JR Ridinger, co-founders of Internet marketing and product-brokerage firm Market America, have put their Battery Park City penthouse duplex on the market for $7.9 million.

Tags: alexander wang, Barack Obama, celebrity real estate, celine dion, Hilary Duff, mario batali, Mike Comrie, mike medavoy, ringo starr, tami hoag, Teresa Giudice, ward lay