Teresa Guidice Explains Her $60,000 Spending Spree

| August 18, 2010 - 6:15 am

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.

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