Teresa Giudice Bankruptcy: How Are Her Kids Feeling? Can This Be a Postive Thing?


It’s incredibly hard to feel even an once of sympathy for Teresa Giudice. The Housewife of New Jersey lives in a fantasy world complete with a real life marble mansion full of unnecessary items like a suit of armor and gilded fireplace accessories. She and her husband are a whopping $11 million in debt, an amount that is so inexplicably irresponsible you have to wonder if she has mental problems. $11 friggin million, honey!

 And while she has to put on a happy face for the press, she doesn’t seem to realize just how bad things have gotten. The woman was asking for diamonds on the last episode.

So there: I don’t feel bad for Teresa or her husband Joe in the slightest. I do however, feel twangs of sympathy for her four children. They are in way, victims in this situation. They are seeing items they’ve grown up with disappear before their eyes, their home become one huge For Sale sign. Their crib and toys are being sold off. This is hard to understand and it’s hurtful. And you can’t forget the practical ways this will hurt them. Those with bad credit can have trouble applying for school loans, purchasing or renting homes, making providing for children a major issue.

Hopefully though not likely, Teresa’s will make this into a valuable lesson for her daughters.

We’ve seen Teresa take them on wild shopping sprees, heard her bribe them to stop crying with the promise of a bike and other presents. Gia has a jacuzzi in her room. Let’s face it. Gia, Gabriella, and Milania are spoiled and this is never a good thing. 

Dr. Dan Kindlon tell iVillage: “We’ve all seen kids who are spoiled. There’s a greediness about them. They throw tantrums in toy stores when their parents won’t buy them what they want. They always seem to want more and expect to get their own way. They have trouble sharing.”

Maybe having less will help them in the long run? Teresa just gave birth to baby Audriana, who will no doubt live a very different lifestyle during her formative years than her siblings have.

Teresa will hopefully use this as a chance to teach her children about responsible spending and living within your means. They need to learn the value of money and most specifically, that it can not buy happiness. Teresa can only do this though, if she actually learns something from this experience.