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Money Woes For The Real Housewives Of New Jersey

Posted by maralee on June 25th, 2010 at 12:00 pm

realhousewivesnewjersey 300x209 Money Woes For The Real Housewives Of New JerseyWe constantly see the lavish homes and huge spending sprees on the Real Housewives of New Jersey, leading viewers to believe that they are all bathing in money. Plus, the whole concept of the show is that these women are loaded. There have been plenty of reports of just how well off most of them are, but it looks like it’s all for the show’s image. 

We’ve all heard that Teresa Giudice is bankrupt, but it turns out that she isn’t the only one who has had to face financial hardship, discovers Jezebel.com. Danielle Staub, currently trying to extend her brand with illicit videos and a singing career, has discussed her lack of funds publicly and it turns out she owes money to the IRS. In addition, Jacqueline Laurita’s husband has filed for bankruptcy, Caroline Manzo’s family business has several judgements and liens, and Dina’s husband can’t pay his credit card bills.

Danielle, who recently underwent expensive plastic surgery, had a tax lien placed against her in March 2006 for $111,161 by the IRS. Later that year, her attorney filed against her in a civil suit, most likely for not paying her bills. In 2007, she faced another federal tax lien by the IRS. There is no confirmation on whether she has paid but her home is on the market and she has certainly complained enough on the show about being broke.

Jacqueline’s husband Chris owns Signature Apparel Group, LLC and had “an involuntary petition for liquidation under Chapter 7 filed against [it] in the U.S. Bankruptcy Court.”  Basically, they were unable to pay off their loans. A trustee is appointed to to sell off its assets and pay its debts. They filed again in November of 2009.

Caroline Manzo, the family matriarch, has also had past worries. In the ’90s and into 2000, she had several judgements for not paying hospital and doctors’ bills. Her two sources of income, aside from the show, have been listed on her official Bravo bio as owner of Opus Properties and 4 My Mom, “a children’s accessories line.” The company profile for the real estate business lists the number of employees at 4, meaning it is not that large, and the web site 4 My Mom is not operational. Their family business, event space The Brownstone, has over 30 judgments and liens from the early ’90s up until two years ago .

Dina’s husband Thomas was sued one year after their million dollar wedding by American Express for $12,599, as well as the Bank of America for an undisclosed amount.

Maybe Bravo should hire all of them a financial advisor, though I doubt the show would be as exciting without the shopping sprees, ridiculous parties with even more ridiculous party planners, and general overabundance of spending. One thing is for sure: Debt is real and the appearance of wealth doesn’t always mean there is money to back it up. Broke Housewives of New Jersey? I’d watch.

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 Money Woes For The Real Housewives Of New Jersey

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7 Comments

they!need to be off the air.

missy2 commented on Jun 25 10 at 4:33 pm

Well heck yea if i dont pay my bills i can look like im rich too… for a while. they just know how to scam the gov and its people like that that RUIN it for the people that REALLY need it. Im sorry but if you filing for bankruptsy you should NOT be allowed to keep and live in a mansion. PERIOD you can live in a regular home. i like the show EXCEPT for danielle if shes on next season im OUT that chick is a MORON. But how can these people be on tv if they are in so much debt and better yet if they are on tv for the world to see HOW are they getting away with it. I am financially ok but i had a friend that had to file bankruptsy and she lost her home. WTH

Adrienne commented on Jun 28 10 at 3:57 am

Please….Donald Trump has gone bankrupt more than once. That’s business and it means virtually nothing. Wipe the slate clean and start again. They hardly miss a beat.

You have to spend money to make money. Only the poor and the struggling middle class worry about bills and credit ratings. I’m not worried about the Manzo family. Do you have any idea how big a cash cow the Brownstone is? Who cares about a few judgements and a $12,000 credit card bill. It’s petty cash.

Clair Luz commented on Jun 29 10 at 11:47 am

You both have valid points, but we are forgetting that what’s most distasteful is the perception that is created. It is in bad taste to be so ostentatious and even worse to not have the means to back it up. Its irresponsible and low class.Donald Trump may have gone bankrupt but he never had a reality show following him around spending foolishly. His losses were accumulated by risky business ventures that one day came to bear fruit as opposed to a ridiculously lavish lifestyle well above his the means. Danielle is an embarrassment to her and doesn’t have an ounce of class. She humiliates her daughters on national TV. The Brownstone is a cash cow and I’m sure they will be fine. The Guidices’ however display American greed at its worst.

Vanessa commented on Jun 29 10 at 2:17 pm

Proves they really are “REAL Housewives” :)

DinasFan commented on Jul 08 10 at 10:13 am

I enjoy watching the show, with the exception of Danielle. I wish they would get rid of her. Her behavior is repulsive. I think the show fills a fantasy of how the everyday woman would like to spend. Also, I wish Jaqueline would do something with her obnoxious daughter, I actually have to shut it off when she is on.

carolyn McCail commented on Jul 28 10 at 9:38 am

kill them

jack commented on Oct 29 10 at 4:49 pm

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