Real Housewives Teresa Addresses Bankruptcy Reports

July 27, 2010 By:
Real Housewives Teresa Addresses Bankruptcy Reports

A few episodes back, Teresa Giudice from ‘ Real Housewives of New Jersey’ went crazy on that 'prostitution whore' Danielle Staub denying that she was filing for bankruptcy.

Fast-forward a few weeks and Teresa's belongings are being auctioned off. She decided to address the bankruptcy reports by writing a blog on Bravo's website.

Her blog writes:

Hello Baby Dolls!

Alright, I'm going to dive right in here. I don't read the tabloids and I've been spending my days with my four little girls, so I really only heard about all the new stories circulating about me late last night from my fans. Thank you all for the heads up, for the wonderful wishes and prayers!

Since I don't really pay attention to the gossip, I don't usually respond to it, but I've gotten so many questions from you all that I want to let you guys know the truth.

As you know, Joe and I filed for bankruptcy protection back in October 2009 primarily because of real estate deals gone bad in a bad economy. We didn't spend millions of dollars on gold toilets or private planes. We bought buildings, fixed them up, and tried to help other people start their own businesses or be able to afford an apartment. The economy crash trickled down to everyone. We worked so hard for so many years and it was heartbreaking to file, and not something we took lightly. Of course you can't sit in your bed and just cry all day, so we moved forward, got new jobs, and are working hard once again. The point is to get a fresh start so you can move forward.

If we didn't give fresh starts to people, we wouldn't have the following great American companies that were only able to be created after their owners' filed bankruptcy: The Walt Disney Company, Hilton Hotels, Hershey's chocolates, Macy's department stores, Heinz ketchup and even WalMart. If Sam Walton hadn't filed bankruptcy after his first store failed, he wouldn't have been able to build the largest company in the world that employs more people than any other: 2 million!