8 Celebrities Who Have Declared Bankruptcy

Teresa and Joe Giudice

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3. Teresa and Joe Giudice

This duo of The Real Housewives of New Jersey fame were all over the news last year, the year before that, and the year before that one, too. Teresa and Joe allegedly owed $11 million to several companies and the IRS, or so they declared when they filed for bankruptcy. However, the two failed to disclose hundreds of thousands of dollar in assets, salaries, and more, which contributed to Teresa being locked up for 15 months starting in January of this year.

The Giudices claimed ignorance and denied any wrongdoing, but the judge in the resulting fraud case wasn’t impressed. Now, as Huffington Post reports, Teresa is suing her bankruptcy lawyer for $5 million. She alleges that he didn’t prepare her adequately for the court proceedings and filed/reported changes to their documentation incorrectly, which they believe to have contributed to the 39-count indictment against them.