As I posed about earlier, Both Teressa and Joe Giudice plead guilty to bankruptcy fraud. You may know the Guidices from their appearance on the Real Housewives of New Jersey show.

They plead guilty to conspiring to defraud banks and other lenders and a failure to disclose income and assets in their bankruptcy.

In local news, Michelle Malufau was sentenced to a year in jail for bankruptcy fraud. She failed to disclose rental income and ownership in a house during her bankruptcy.

Moral of the story, don’t lie to the Bankruptcy Court, it can get you in trouble. Also tell your attorney about everything before filing. We can’t help you with things we don’t know about.