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Alex McCord discusses Teresa and Joe Giudice's guilty plea

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Alex McCord is weighing in on Tersea and Joe Giudice's guilty plea and revealing what it could mean for their gig on Bravo's "The Real Housewives of New Jersey."

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"It's time to pay the piper," McCord said in a March 8 interview with HLN of Teresa and Joe's wrongdoings, which they will be officially sentenced for on July 8.

Despite her ongoing court proceedings, Teresa has continued to appear on the show, but until the sixth season premieres, fans won't know what to expect when it comes to how much she can disclose about her current situation.

"They are just about to wrap filming on their new season next month and I think Teresa's full storyline will have been about this," McCord reported. "Reality TV producers want you to go as far and say as much as you in order to make good TV."

McCord noted that although Teresa is surely sharing what she can, she may be limited when it comes to her pending case and the recommendation of her lawyers.

McCord also pointed out that moving forward, the Giudices are going to have a problem when it comes to capturing the essence of what a true "Real Housewife" is. For years, fans have loved to watch as the rich and beautiful cast members of all the franchise live large, shop big, and travel around the word, essentially putting their riches on full display. But now that the Giudices have admitted to financial fraud, they won't be able to do so.

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