It looks like Teresa and Joe Giudice have found their way out of bankruptcy.
The stars of “The Real Housewives of New Jersey” will erase more than $13 million in debt by ponying up a mere $7,500 to creditors, reports TMZ.
Documents obtained by the gossip site also show the couple’s lavish lifestyle was little more than a façade, with the Giudices having had next to no equity in their collection of posh homes, vehicles and toys.
But while the reality stars’ financial troubles may be nearing an end, their legal ones aren’t. Both Teresa, 41, and Joe still face serious prison time for bank fraud.
Last month, TMZ reported that Teresa was expected to get 21 to 27 months in prison while her husband was looking at approximately 46 months. Joe, who was born in Italy, faces deportation.
The couple was initially indicted on 41 counts related to making false statements on loan and bankruptcy documents. Early last month, Teresa pleaded guilty to four counts while Joe pleaded guilty to five.
The Giudices were married in 2001. They have four daughters together, Gia, Gabriella, Milania and Audriana.
Back in August, sources close to Teresa said she didn’t want her children to be raised by her brother while she was in jail.