EXCLUSIVE DOCUMENTS: Teresa Giudice's Brother-In-Law Files For Bankruptcy Too!
May 28 2018, Updated 10:18 a.m. ET
Financial trouble seems to be a family epidemic for Real Housewives of New Jersey stars Teresa and Joe Giudice. Breaking Celebrity News has learned exclusively that Joe’s brother Pete Giudice and his wife filed Chapter 7 with the United States Bankruptcy Court in New Jersey on June 29, 2010.
EXCLUSIVE DOCUMENTS: See Pete & Sheila Giudice’s Bankruptcy Filing
The couple lists their monthly income as $7,000 with assets totaling $1.3 million but liabilities of nearly $2 million, leaving them at least $400,000 in the hole.
According to the court papers, Pete only has $400 to his name in cash.
As Breaking Celebrity News previously reported, Joe and Teresa had to file bankruptcy as well last year after falling into debt to the tune of $11 million.
Pete’s debts are defined as consumer debts “incurred by an individual primarily for a personal, family, or household purpose.”
The number of creditors is estimated to be between 50-99 with claims ranging from $160 to $46,000.
The couple also filed a notice through their Trustee, Nancy Isaacson, to abandon their $1.3 million New Jersey home and the next hearing is scheduled for October 25.
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