According to a report from TMZ.com, Teresa Giudice and Joe Giudice are officially out of debt. TMZ claims that the reality TV couple’s bankruptcy case was dismissed as they have nearly settled up with their creditors.
Fans of the couple will remember their moment back in October 2014, when the authorities charged them with mail, wire, and bankruptcy fraud. The court sentenced them both to forty-one months in prison.
People Magazine claimed that the Real Housewives Of New Jersey star and her husband now owe money to the IRS and the New Jersey Department of Treasury.
For the last two years, Teresa and Joe have been making payments and are still on the compensatory programs. The court indicted them on bankruptcy charges back in 2013 when they found out they had hidden their fortune in the middle of a bankruptcy filing – a big no-no to the US government.
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They also accused Joe of not filing tax returns for the period between 2004 and 2008. Originally, the two reality stars pleaded not guilty, but after careful consideration, they decided to plead guilty.
Joe has completed twenty-seven months of his prison sentence thus far and was initially in a federal prison in Pennsylvania last November. They eventually moved him to a Federal Correctional Institution in Fort Dix.
After Teresa spent a year in prison, they released her from the Federal Correctional Institution in Danbury, Connecticut, in the final month of 2015. A source close to the family revealed they are beyond excited to spend time as a family again.
As you may know, the couple shares four daughters, Gia, Gabriella, Miliania, and Audriana, who are 17, 14, 12, and 9, respectively. Since Joe has been in the big house, he supposedly has lost around forty-five pounds, and Teresa, on the other hand, she competed in her very first bodybuilding competition.
An insider who sat down with us explained, “Joe and Teresa both look great and it’s clear they’ve been getting their lives together.” Back in May of this year, they both celebrated their 46th birthdays apart.