Duane Martin And Tisha Campbell Speak On Bankruptcy Report
According to The Daily Mail, the couple’s $15 million in debt and filed for Chapter 7 bankruptcy in January with only $200 in cash and $173 in an account to their names.
“Martin’ actress Tisha Campbell-Martin, 47, and her actor/husband Duane Martin, 50, have filed for Chapter 7 bankruptcy, explaining they are drowning in over $15 million dollars in debt with only $313,000 in assets between the couple.
The couple filed for bankruptcy on January 7th in US Bankruptcy Court in California.
Their assets include $65,000 in real estate, $248,000 in personal property, totaling $313,000 in assets. But they owe over $15,145,387 in liabilities to creditors
Their joint monthly income is $7,655 but their monthly expenses come out to $16,953. Currently they only have $200 in cash on hand $173 in a credit union.
The couple own a 2014 Range Rover, 1999 Kawasaki Drifter, 2004 Yamaha Scooter, 2016 Range Rover and 2016 Jeep Wrangler.
Other assets include $15,000 in household goods, $2,500 in electronics, $2,500 in sports and hobby equipment, $1,000 in clothing and $2,500 in jewelry.
The documents list the value of their two dogs as $2.
The duo has since reached out to BOSSIP to share a statement acknowledging that they’re “reorganizing” their finances.
“We got involved with some loans before the crash, couldn’t agree to a settlement with the banks,so we filed to reorganize,”—Duane Martin and Tisha Campbell Martin.
As previously reported Tisha recently chatted with BOSSIP’s Don’t Be Scared podcast and spoke fondly on her 20-plus year marriage to Duane, her family life and revealed Tommy’s secret job on Martin.
Despite their filing Tisha’s in good spirits and tweeted today:
What do YOU think about Tisha Campbell and Duane Martin filing for bankruptcy???