Teresa Giudice has added reason to rejoice this holiday season after U.S. Bankruptcy Court Judge Stacey Meisel recently approved the parameters of a settlement allowing her to pocket the lion share of any proceeds she nets from her long-simmering legal malpractice suit.
The settlement hammered out by the Real Housewives of New Jersey star and her many creditors call for her to bank 55 percent of any net profits she receives from former attorney James Kreidel, with the remaining portion being applied toward her outstanding debts.
“Today was a big step,” Giudice’s attorney Carlos Cuevas said of an agreement that even left the judge confessing that she never expected it to happen. “We thank the trustee for his cooperation and also Judge Meisel.”
Attorneys for Guidice insist the reality TV star has already paid off a sizeable portion of her debts, including more than a fourth of the $551, 563 tax lien slapped on her and her still imprisoned husband, Joe, by the Internal Revenue Service. The couple also reportedly owes the state of New Jersey tens of thousands in unpaid tax bills.
Even as he serves out the remainder of his near four-year sentence on bankruptcy fraud and conspiracy charges, Joe Giudice also recently found a way to bring a huge smile to his wife’s face by writing her a song to mark their 17th wedding anniversary.
“He said he had a surprise for me, and that he wrote me a song,” she said during an appearance on Bravo’s What Happens Live, adding that the couple dreamed of one day having John Legend perform that tune.
Hours later, WHL host Andy Cohen managed to have Legend appear on the show to actually perform the tune, which featured such lyrics as “Because I’ll love you forever” “Teresa you are my heaven.”
Even in the face of all that love, all of late has not been rosy for Giudice, who continues to bitterly feud with RHONJ costar Jacqueline Laurita.
During a recent Season 7 reunion episode, Giudice fingered Laurita as having played a role in her too having been jailed for nearly a year on charges similar to those her husband was convicted of and blasted her as “a f**cking crazy b**ch.”
She later added, “I feel like she was definitely dabbling in it. She was speaking to people, getting information. Then maybe those certain people then went to the feds.”
As for her husband, Giudice proudly pronounced he has lost 35 pounds since being incarcerated and reiterated her long expressed position that she does not believe any of the talk about him cheating on her while she was locked away, as her long been speculated.
“I know if I was with Joe Giudice, I would make sure I would get kissing pictures. I would make sure I would get pictures in bed.”
Joe Giudice is now being held at the Fort Dix Prison in New Jersey. After having served roughly 85 percent of his 41-month federal sentence, reports are the earliest he could be released is March at 2014.
However, that may not mark the end of his troubles. Given his Italian heritage, Giudice could face deportation proceedings after being convicted of such a serious crime.
Before starting his sentence, he told PEOPLE magazine, “we’ll worry about that when I get out.”
And in one of the final RHONJ episodes he starred in, Guidice told family attorney James L. Leonard if things ever really came to that, he is sure his wife and family would be willing to leave the country with him.
“Of course, she would,” he told Leonard without hesitation of Teresa.
[Featured Image by Paul Zimmerman/Getty Images]