As reported in prior blogs, Teresa Guidice of the Real Housewives of New Jersey was charged with bankruptcy fraud in federal court in 2013. The indictment included a total of 41 charges which included charges for failing to list all income and assets in their bankruptcy schedules. On March 4, 2014, Teresa Guidice and her husband, Joe, pled guilty to four criminal counts in Federal District Court in Newark, New Jersey. Interestingly, two of the four counts included bankruptcy fraud- concealment and bankruptcy fraud- false oaths. This means the federal prosecutors believed they could obtain a conviction against Teresa Guidice for leaving required information off her bankruptcy schedules and statements and signing her bankruptcy petition under penalty of perjury when she did not tell the truth or disclose all that was required.
People Magazine reported Teresa Guidice will appear before federal U.S. District Judge Esther Salas on July 8, 2014, to receive her sentence on the four criminal counts. It is reported by Reality Tea that Mrs. Guidice will attempt to obtain probation and stay out of federal prison by playing the “mommy card” and claim her family responsibilities should keep her out of prison. It is further reported that she plans to point to her current good behavior as proof that she has learned her lesson and does not need prison to teach her the error of her ways. However, Radar Online is currently reporting Mrs. Guidice was recently caught on tape selling her book and posing for pictures with her fans for a $25.00 “cash only” price at a recent book signing. If true, this may not be looked upon favorably by the prosecution or the court in determining whether she should be granted probation.
It is clear the Guidice’s failed to follow the golden rules in filing for bankruptcy relief – tell the truth and do not leave anything out! If you are considering a filing for bankruptcy relief but are concerned about what the rules require and how they may affect you, please contact one of our locations nearest you in Alabama, Mississippi or Tennessee for a free, confidential consultation with one of our experienced, licensed attorneys.