Teresa Guidice Explains Her $60,000 Spending Spree

Teresa Guidice Explains Her $60,000 Spending Spree-photo

Real Housewives of New Jersey star Teresa Giudice may be bankrupt, but that doesn't mean that she can't spend her money how she wants.

In June, the Bravo reality star announced that she and her husband were filing for bankruptcy after racking up $11 million in debt. Teresa recently caught the ire of the internet when it was revealed through court documents that she dropped $60,000 on luxury home furnishings shortly after filing for bankruptcy. However, the proud Jersey Girl insists that there wasn't anything wrong with her post-bankruptcy shopping spree.

Teresa's attorney, Jim Kridel, explains that the $60,000 that Teresa spent was earned after she had filed for bankruptcy, and therefore she was legally entitled to spend the money however she wanted. The $60,000 was an advance from Teresa's cookbook, Skinny Italian, which was published in May of this year. Teresa and her hubby Joe legally filed for bankruptcy in October of 2009.

Teresa's lawyer explained the reality mom's spending habits:

She needed to re-buy furniture because she didn’t have any furniture in the house. It’s a big house and she wanted furniture consistent with her style on the show. There is nothing wrong with doing that, except that it doesn’t look good for her to be doing it.

If she put it in the bank, they’d say, 'Why don’t you pay your creditors,' and the trustee might freeze the assets while he investigates whether she can spend it or not.

Teresa has been working hard to beef up her income. The star recently showed off her toned body in a commercial for a New Jersey tanning salon. Watch the video below.

However, Teresa's reality gig may not be helping her out in the future: the Jersey mom recently tweeted a hint that she was thinking about leaving the show. "I really don't know," she said when asked about returning by another Twitter user, "There's a lot of bad that comes w/ it. :(."

What do you think of Teresa's spending habits? Let us know what you think in comments below.

» Follow Celebuzz on Twitter | Facebook

BUZZINGS: More Celeb Goodness

Celeb Showdown: Who Looks Better? -- BuzzNet

Justin Bieber's Hacker Apologizes -- WonderWall

The Evolution of Madonna -- BuzzNet



Default avatar
  • Sheena

    This is disgusting, narcissistic behavior. She care about none of the small business owners she and her husband stiffed. How will those people furnish their homes when they did a job they weren't paid on. Anyone who defends this type of person should check their integrity. The fact that Bravo gives this woman a platform for bad behavior is terrible. Not to mention she lacks intelligence. She gives Italian Americans a bad name. She is violent and a loose cannon who shouldn't be rewarded at all. I hope they cancel that show because it truly is the dumbing down of America.

  • Seattle Savvy
    Seattle Savvy

    She is a sorry pig. So we have to pay her debt, and then she gets to keep what she earns. What a bimbo.

  • reneelucky7

    If you got the money then spend it. But when your are about to lose your home, buying expensive things should be the last thing on your mind.

  • kelly

    i love Teresa and she can spend it how ever she wants, she earned it