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'RHONJ' stars Teresa and Joe Giudice settle $13.5 million bankruptcy

Teresa and Joe Giudice finally received some good news. After years of struggling with an ongoing bankruptcy case, the "Real Housewives of New Jersey" stars have finally settled their $13.5 million case.

Joe Giudice and Teresa Giudice appear in court to face charges of defrauding lenders, illegally obtaining mortgages and other loans as well as allegedly hiding assets and income during a bankruptcy case on March 4, 2014.
Photo by Mike Coppola/Getty Images

According to a new report, the reality stars and parents of four girls can now move forward with life, concentrating on their next legal issue -- their fraud trial.

"The trustee in the bankruptcy filed the discharge papers on Aug. 27 in New Jersey — wiping $13,480,263.11 in debt from the reality TV stars’ lives," Radar Online reported on Sept. 3, via court documents. "According to the documents, $15,000 worth of the couple’s furniture and household goods were sold off by the trustee, but the Giudices were allowed to keep their numerous homes because the trustee found them to be of no value."

Teresa and Joe were also allowed to keep their cars, a 2007 Cadillac and a 2005 Maserati, as well as their motorcycle, a Kawasaki Quad.

“The case is fully have been properly accounted for as provided by law. The trustee hereby requests to be discharged from further duties as a trustee,” the trustee, John W. Sywilok stated, via Radar.

Teresa and Joe are due back in court on Sept. 23, where they will receive their sentencing for crimes of fraud. Despite facing years behind bars, Teresa is reportedly "confident" she will evade jail time. Still, she faces up to two years behind bars, while Joe is facing four.

So far, it is unclear how much of the trial, if any, will be seen on "The Real Housewives of New Jersey."

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