Teresa Giudice and husband Giuseppe "Joe" Giudice have pleaded not guilty to the 39-count federal fraud indictment they're currently battling in court.

The Real Housewives of New Jersey star and her husband's attorneys entered "not guilty" pleas on their behalf during a Wednesday courtroom appearance before U.S. District Judge Esther Salas in Newark, NJ, The Star Ledger reported.

The couple reportedly didn't say a word and the entire proceeding lasted only five minutes. According to The Ledger, the judge set an October 8 trial date for the pair facing numerous financial fraud charges.

Federal authorities in Newark announced late last month the Giudices were being charged with "conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications, and bankruptcy fraud," the newspaper reported.

The indictment also charges Joe with failure to file tax returns between 2004 and 2008, a period during which he allegedly made $1 million. Sources claim Teresa and Joe could face up to 50 years in prison and receive whopping fines if convicted of all the charges.

Teresa -- who also appeared on The Celebrity Apprentice's fifth season -- and Joe insist they're being targeted by the government because of their celebrity status.

A recent the New York Daily News report claimed The Real Housewives of New Jersey may be canceled by Bravo in light of all the bad publicity surrounding the couple due to this legal case.