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Reality TV Star Teresa Giudice Wins Bankruptcy Court Battle, Still Awaits Big Ruling

Submitted by jhartgen@abi.org on

Bankruptcy Court Judge Stacey Meisel in Newark yesterday denied a motion opposing a proposed settlement in which "Real Housewives of New Jersey" star Teresa Giudice agrees to share potential winnings from her pending malpractice suit with her remaining creditors, NJ.com reported. The settlement itself still has not been ruled upon by Judge Meisel — though it does appear headed towards approval. The motion denied yesterday was made by James Kridel, the attorney Giudice is suing over his handling of her 2009 bankruptcy. The "Real Housewives" star charges that Kridel's bad advice and mistakes landed her in prison for bankruptcy fraud, a claim Kridel disputes. In the motion, Kridel challenged the proposed bankruptcy settlement, which would allow Giudice to keep 55 percent of any potential winnings in her lawsuit against Kridel, with the remaining 45 percent going to her creditors. Her lawyers Anthony Rainone and Carlos Cuevas would also represent the bankruptcy trustee as part of the malpractice lawsuit against Kridel.