Auction at Teresa Giudice's House Is Canceled

By PopEater Staff Posted Oct 1st 2010 03:11PM

Don't show up at Teresa Giudice's house in New Jersey on Sunday looking to bid on some sweet, sweet credenzas or over-sized candle sticks because the auction related to the 'Real Housewives of New Jersey' star's bankruptcy is officially kaput.

The public sell-off at 6 Indian Lane in Towaco, originally scheduled for Aug. 22 but later nudged to Oct. 3, has been replaced with a private sale that Giudice's lawyer believes will snag more money for the goods.

"When the sale is conducted, the Giudices would get $52,000, because they are allowed that as exemptions," their lawyer, Jim Kridel, tells PEOPLE. "There would have been a shortfall. What if they got $30,000, but they owed $52,000 to the Giudices? It wouldn't help, so we said why not have a private sale? It would be best for the state, the creditors, the trustees and the Giudices."

A source with knowledge of the situation tells PopEater that the auction was less about paying off debts and more about creating a public embarrassment for Giudice and her husband, Joe.

"It was never really fair since filing bankruptcy is a punishment all by itself," our source says. "It's not a lollipop parade. You don't just walk away unscathed and not paying your debts. That's not how it works. They restructure loans and try and pay as many people back as possible."

The couple, who filed for bankruptcy last fall, have been plagued by financial trouble and the revelation that they were accused in New Jersey court of hiding $250,000 when originally filing for Chapter 7 protection.

Among the items that the general public will not be able to buy anymore: a Schaefer & Sons Grand Piano, a 6' ceramic urn, a suit of armour and three massive chandeliers. The auction website is still up , so check out a full list.

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Tags: Real Housewives of New Jersey, Teresa Giudice

Comments

(30)

Friday 01 October

By themeeker

Highest Rank Vote down Vote up Report this

"The Auction at Teresa Giudice's House Is Called Off"

EVERYTHING about Teresa Giudice should be called off.

By BTDT

"why not have a private sale? It would be best for the state, the creditors, the trustees and the Giudices."

It would be best for a small circle of friends who will cash in.
The bankruptcy judge should be horsewhipped.

By Rick

Her belongings are just like her TRASH. I wouldn't bid on any of her over priced crap. Maybe her and her family will just go away like her house is going to go away to the highest bidder.

By bitchy

Lowest Rank Vote down Vote up Report this

maybe she and her family...use proper English. You sound like the trash you are claiming that she is.....

By mike

How much for her panties?

By Heyes

Mike you can get octomoms panties for cheap... they no doubt smell more though

By bsti

She doesn't wear panties, they were replaced with a jock strap when it had it's operation.

By Elizabeth

Vote down Vote up Report this

SICK!!!!

By skchgo

I'm sorry but I have absolutely no sympathy for Teresa but only her children, to be raised in a society where mommy gets to buy whatever she wants but when they can't afford live that way anymore they just file for bankruptcy? She is living a life of champagne taste with beer money. Put your money where your mouth is and live within your means.

By Kurt and Jen

Now her italian "friends" will by the items cheaper than they would have been sold for at public auction and will simply give them back to the family.

By X-JerseyGuy

When are the children going to be taken away and these 2 pieces of sh*t put in jail? They are nothing more then Gh*nn*e Trash!

By LRSCM

I liked Teresa until the reunion show. Now I see her better for what she is. I forgave her spending because I liked her. No longer. She needs to feel bad for the honest hard working people she didn't pay.

By TexasJamboree

High Rank Vote down Vote up Report this

Good Gosh! I can't believe the address was released! With all the genuinely violent nut cases out there, this is dangerous information for her and her family.

Whether she is a nice person or not, nobody deserves that.

By rominakatz

She and her husband chose to be in the public eye. They have been to court, it's public record. We hear about it because they signed up for it.

By Kathy B

who would want any of that gaudy junk anyway, i don't even think you could sell that at flea markets. you would have to pay the people to buy it and even that might not work. and by the way, who paid for that trip to Italy? I would bet that the people of Italy were glad to get rid of that 'tour' group and those whinny, screaming kids.