Real Housewives of New Jersey Bankruptcy Fraud admitted to by Teresa and Giuseppe “Joe” Giudice, the married stars of Bravo’s hit TV show “The Real Housewives of New Jersey.” They both plead guilty in federal court in Newark to several mortgage and bankruptcy fraud charges against them.

This can happen to you just like it can happen to them.  Their fraud started when they falsified documents to get some five million dollars in construction home loans and other loans.  Later, when they couldn’t pay back the loans, they lied about their income.

Prison time will more than likely be in the couple’s future.  Possible 34 to 46 months. In addition, they will have to pay a yet-to-be-determined sum to the court.  As of now, the sum of $200,000 must be paid by Joe Giudice before his July 8 sentencing hearing.

This is a perfect example of why one must be perfectly honest with the court when filing for bankruptcy.  Bankruptyc fraud is a serious offense that can be avoided.  Bankruptcy is readily available to us all and, with careful planning, even the most unfavorable circumstances can be overcome enabling and otherwise unqualified person to qualify.

First, be honest with your lawyer so he or she can help overcome a set of circumstances that may prevent qualifying for chapter 7 without committing bankruptcy fraud.

Bankruptcy fraud is serious and can be prevented

 

 

Read more: nj.com