Teresa and Joe giudice tax evasion : face bankruptcy, are only able to pay $7,500 of $13 million debt

Teresa and Joe Giudice of “Real Housewives of recent Jersey” fame can only pay $7,500 of the $13 million debt, as declared with a bankruptcy judge.

Teresa and Joe appeared to get it all, however their lavish lifestyle – including their $1.7 million home – took it’s origin from loans, according to the Daily Mail.

The residence holds just $140,000 of equity, using the remaining $1.56 million financed by mortgages, while their other two homes are fully mortgaged.

Documents obtained by the gossip site also show the couple’s lavish lifestyle was nothing more than a fa?ade, using the Giudices having had next to no equity in their collection of posh homes, vehicles and toys.

But as the reality stars’ financial troubles might be nearing an end, their legal ones aren’t. Both Teresa, 41, and Joe still face serious prison time for bank fraud.

Last month, TMZ reported that Teresa was likely to get 21 to 27 months in prison while her husband was taking a look at approximately 46 months. Joe, who had been born in Italy, faces deportation.

The couple was initially indicted on 41 counts associated with making false statements on loan and bankruptcy documents. Early last month, Teresa pleaded guilty to four counts while Joe pleaded guilty to five.

The Giudices were married in 2001. They have four daughters together, Gia, Gabriella, Milania and Audriana.

Back in August, sources close to Teresa said she didn’t want her children to become raised by her brother while she was at jail.