Teresa and Joe Giudice are all clear in their bankruptcy case, but the same can't be said for the couple when it comes to serious fraud charges they pleaded guilty to on March 4.

Teresa Giudice Spends Time With Daughters Before Sentencing?

According to TMZ, a judge erased The Real Housewives of New Jersey couple's more than $13 million debt after they paid $7,500 to creditors. Their trick? Having pretty much zero equity in their lavish properties. For instance, their home is worth $1.7 million, but only $140,000 in equity. They have two other properties as well as their luxury Masterati, Escalade and Ford 350 that have $0 in equity. That's not all. Their Sea-Doo boat, a Kawasaki quad and two go carts also have no equity.

They owed more than a total of $1 million to five banks and $5.3 million to Wachovia Bank.

Teresa's Legal Woes Blacklist Her From Engagement Party?

While all might be well in their bankruptcy case, it's a totally different story in their fraud situation. As Teresa waits to for her sentencing date, which is scheduled for July 8, authorities have threatened to take away all of her possessions. One thing that raised their eyebrows as of late was that Teresa was only accepting cash for autographs at a book signing on March 19.

A law enforcement source said, "It certainly raises red flags."

An insider said, "The judge and the prosecutor are aware that Teresa could still be trying to hide money. That isn't going to go over well at her sentencing, for her."

One guest at the book signing revealed that while Teresa was promoted as the celebrity guest, they didn't know she would charge then $25 for an autograph and to snap a picture with her.

"When you walked up to her, the woman next to her was quick to advise that it was $25 and 'cash only.' Cash only? Who takes cash only? Even Teresa was telling guests it was 'cash only, no receipts' and she had bags of cash beside her where her colleague was collecting the money."

Tags: Teresa Giudice Fraud teresa giudice Joe and Teresa Pleaded Guilty