Not so broke, after all!
The duo filed for Chapter 7 Bankruptcy in 2009, citing $11 million in debt. According to the Newark Star-Ledger, Joe was accused of hiding assets from the court. The paper alleges that U.S. Bankruptcy Court Judge, Morris Stern, signed off on a settlement between Giudice and the trustee, John Sywilok. The agreement does not apply to Teresa Giudice, who is still pursuing a discharge of her debts.
Teresa told Us Weekly in June 2010 that "staying positive is the only thing that I could do," in the wake of her family's financial woes. "I have moral support; I have my daughters and my husband. As long as we're in good health, that's all we can do. I think this kind of situation is all over the world."
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