11 Million Dollar Bankruptcy

How is this even fair?  Teresa Guidice (whom I admittedly have never heard of before. I don’t have cable, remember?) filed bankruptcy and owes 11 million dollars. 11 million. So, rich and famous people still get to be rich and famous even when they owe more money than a small country.

Even worse, instead of having to endure the humility and embarrassment of filing bankruptcy that the rest of us have to go through, famous folks get to actually tell their stories and make more money to waste.

I would’ve given People magazine an interview for $50 and I don’t even owe anywhere near 11 million. I’m just sayin’.

Furthermore, how do you even get to be in debt by 11 million dollars? Most of the time creditors start laughing at you when you’re a few thousand in debt. They had an annual family income of $79,000.00. Are you kidding? That’s me and another average adult. Yes, I need a loan for 11 mil please.

Why. Why. And Why. I don’t get it. I don’t mean to sound overly critical of Ms. Guidice but I really cannot wrap my mind around how this could’ve happened. I understand her part, I know full well how easy it is to spend money I don’t have. I don’t understand everyone else’s part though. I almost want to laugh at the creditors that extended the credit and now will probably not receive anything.

Except laughing at people is not nice. I wonder what kinds of things famous people cut out of their budgets when they file bankruptcy.

I bet it isn’t cable. I bet they don’t give up fancy deli lunches or overpriced lattes. I bet they don’t have to look for a part time job. I’m just guessing.

What do you think?

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One Comment

  1. jessica
    Posted June 10, 2010 at 8:02 am | Permalink

    Unfortunalty, I have watched “The Real housewives of NJ”, plenty of times, and each time I get even more aggravated because there is nothing “Real” about these women at all. They have no idea what hard work really is…to work a 50 hour work week and to have your paycheck already accounted for. These woman do not know what it is to be frugal… Ms. Guidice herself has admitted to spending a wopping 2k just in one store! Some of us “Real” women who work extremely hard for our money, couldnt impossibly imagine spending that amount of money…but then again I guess it would be easy to spend it since they arent really working hard to get it.

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