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deadbeats only paid 7500 bucks to creditors. with that they are free and clear of more than $13 million in debt. thanks to a judge s bankruptcy ruling. the documents also reveal teresa and joe apparently never had real wealth to begin with and barely any equity among all their lavish possessions. talk about smoke and mirrors. tmz reports on $1.7 million home, only have 140,000 in equity. they have a properties paid by bank loans and no equity. maserati and ford escalade, no equity. go-carts among other non-nessties, no equity. who did it buy long to? five banks in all, each loaned couple more than a million bucks will get stiffed for it all including wachovia bank that cold out $5.3 million that will never get paid back. as we reef previously reported they are getting prison time for bank fraud, making fails

Convicted joeBankruptcy ruling7500 bucks3 million13 millionBank loans1 7 million7 millionAll of usNon nesstiesGo cartsFord escaladeA millionA million bucksBank fraud3 million