They Went Broke Too! “Real Housewives of New Jersey” star Teresa Giudice. UPDATE!

The Trustee for the bankruptcy filed by “Real Housewives of New Jersey” star Teresa Giudice has scheduled an auction of the couples non-exempt belongs to occur on August 22, 2010.

To encourage only legitimate buyers, a $300.00 deposit is required to attend.

A list of the items scheduled for auction along with pictures of the items can be viewed at the A. J. Willner Auctions website.

When an individual files for bankruptcy certain items of property are exempt from seizure and sale by the bankruptcy court.  The debtor in a bankruptcy gets to keep the exempt items.

The non-exempt items can be seized and sold by the Trustee appointed to administer the bankruptcy and the proceeds from the sale goes to pay the claims of the unsecured creditors.

by , New Orleans, Louisiana bankruptcy lawyer.

About Kevin Gipson, Attorney at Law

I am an attorney licensed in all State and Federal Courts in Louisiana. I practice in the Greater New Orleans Area and work with Consumers to help them with their debt problems. My primary areas of practice are Chapter 7 and Chapter 13 bankruptcy and Student Loan Law.
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