Teresa Giudice Files for Bankruptcy, Seeks "Fresh Start"

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This is shocking. Who would have thought that a bunch of spoiled, self-centered women - only famous because Bravo has placed a TV camera in their faces - would have so many problems?

There's the Danielle Staub sex tape, of course (along with her past of drug use, arrests and rumored prostitution).

And now there's official word from Teresa Giudice that her and her husband have filed for bankruptcy. According to documents filed with the U.S. Bankruptcy Court in Newark, The Real Housewives of New Jersey star is over $8 million in debt.

She and husband Joe owe more than $33,000 on credit cards, $85,000 for home repairs and $91,000 for materials used to construct their new home.

The Giudice

Said Giudice to People:

“While this is a personal matter, I realize that certain aspects of my private life will always be subject to scrutiny and distortion. What is true is that due to the economy, most of my husband’s real estate ventures failed despite his hard work and effort. As a result, we looked to the Bankruptcy Court for a fresh start."

Teresa claims she is learning from her financial mistakes, which recently included a lavish birthday party for their nine-year old daughter that would have made Donald Trump blush.

Seriously, it's hard for have any sympathy for these rich morons.

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Teresa Giudice Biography

Steppin Out Feature
Teresa Giudice is a Real Housewife of New Jersey. She was born in the Garden State and is married to a guy named Joe. She has three... More »
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Teresa Giudice