It's time for another update in the life of Teresa Giudice, who is presently serving out a 15-month prison sentence for her involvement in a number of fraudulent schemes. According to a recent report, the Real Housewives of New Jersey star will be forfeiting a significant portion of her Bravo paycheck to the court, as well as one of her cars, in order to help pay off her massive debt. This latest report comes after a number of media outlets claimed that Bravo would be delaying filming of the new season of RHONJ, so that they can capture Teresa's release from prison on film.
Teresa Giudice always finds a way to generate headlines, even if she's stuck behind bars with no real contact to the outside.
That is certainly the case this week, as it was revealed that a large portion of Teresa Giudice's Bravo paycheck would be going to the government, in an effort to reduce her sizeable debt.
Of course, Teresa isn't just losing some of her pay. Huffington Post tells readers that Teresa also lost a fancy car and some home furnishings:
"Court papers filed Friday show Giudice agreed to give the federal government a portion of her Bravo paycheck, a 2005 Maserati, home furnishings from her Montville mansion and 50 percent of the rental income from a Lincoln Park property to help pay off her $414,588 debt, according to NJ.com...The consent order also includes money from two insurance policies, the Bergen Record reported."
But just because the government took Teresa's stuff doesn't mean that they seized her assets. The transfer of her possessions was actually planned out months in advance.
According to People, this is not a new development:
"Yes, Teresa Giudice made a deal to pay back money she owes the federal government in connection with her bankruptcy fraud case -- but she did so months ago...'Back in December, before Teresa went to prison on Jan. 5, she and I met with attorneys from the U.S. Attorney's office in Newark, as well as investigators from the U.S. Attorney's Financial Litigation Unit,' her lawyer, James J. Leonard Jr., tells PEOPLE."
So, there you have it. The government didn't seize Teresa's assets, they simply accepted them as a form of payment.
What do you think about the latest reports? Are you excited to see Teresa return to Real Housewives of New Jersey when she is finally released from prison? Were you surprised Teresa even lost rental property earnings?
We want to hear from you. Tell us your thoughts in the comment field below.
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