September 24, 2011

Real Housewives Hubby Joe Giudice Withdraws Bankruptcy

Posted in Celebrity Bankruptcy tagged at 5:47 am by demetriagraves

After Teresa & Joe Giudice filed for bankruptcy a year ago, it seems that Joe may be getting cold feet and he is going to try and deal with his debts rather than trying to discharge them through bankruptcy. By withdrawing his bankruptcy filing Joe now won’t be able to clean his hands of millions of dollars in liabilities.
Apparently, Joe was starting to feel the heat when he began being questioned by the trustee of his creditors about assets, income and business interests and opted to invoke the Fifth Amendment after consulting with a criminal defense lawyer.
“The defendant Giuseppe Giudice acknowledges his desire to resolve the matter without the need for further inquiry or litigation, and without making any further admissions,” the court papers read.
Meanwhile, Joe’s wife Teresa has yet to abandon her bankruptcy case, despite the fact that the same trustee who was suspicious of Joe’s finances is also opposed to clearing her debt. So stay tuned for more on this one.
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