Tisha Campbell-Martin and Duane Martin - $15M in debt

bag-princess

bag-princess

Spoiled Princess
O.G.
Jun 17, 2007
19,836
11,249
#1
'Martin' actress Tisha Campbell-Martin and husband file for bankruptcy, over $15 million dollars in debt





"Martin" actress Tisha Campbell-Martin and her husband Duane Martin are in deep financial debt.
The couple filed for bankruptcy in the beginning of the year claiming they owe over $15 million dollars and have only $313,000 in assets reports the Daily Mail.
Their joint monthly income is $7,655 but their monthly expenses are over double that at $16, 953.
The pair's liabilities include millions to banks, back taxes owed and money on a leased Range Rover.


The bankruptcy is pending in Federal Court.
Campbell-Martin, 47, found fame starring opposite Martin Lawrence on the sitcom "Martin" that ran from 1992 to 1997.

Her husband, Duane Martin, 50, portrays himself in the show "Real Husbands of Hollywood." They have two sons, Xen, 15 and Ezekial, 6.



http://www.nydailynews.com/entertainment/gossip/martin-actress-files-bankruptcy-article-1.2587946
 
#5
bag-princess said:
I can't even imagine those two being interesting to watch! Same thing for Holly Robinson Pete and her husband - Who is given these people shows???
Click to expand...

Mark my words, it's coming. She's been in Tamar's show, Holly's show and someone else I'm forgetting right now.

Holly putting her autistic son on tv is asking for trouble. He doesn't need that type of attention IMO.
 
#7
I have no sympathy for celebrities with money issues. You already make more money than the average citizen. They weren't born rich so they know how to spend within their means.
 
#9
Sassys said:
Mark my words, it's coming. She's been in Tamar's show, Holly's show and someone else I'm forgetting right now.

Holly putting her autistic son on tv is asking for trouble. He doesn't need that type of attention IMO.
Click to expand...



I agree! I wonder why all of a sudden they are putting him on display! Something must be going on with them.
 
#13
Tisha Campbell Martin Speaks on Bankruptcy Filing: ‘We Filed to Reorganize’



News broke earlier today that Tisha Campbell-Martin and husband Duane Martin filed for Chapter 7 bankruptcy. According to the documents, the couple is $15 million in debt and they owe money in unpaid taxes, loans, car leases, credit card bills and other government debts. As of their January filing, they had $200 in cash and $173 in a Credit Union.
Tisha took to Twitter to speak on the reports in a series of now-deleted tweets and says that they’re not broke — just simply re-organizing their finances.:coolio:


We’re not sure exactly why she chose to delete the tweets, but considering the type of bankruptcy filing (chapter 7) we can’t say her reasoning makes a whole lot of sense.




http://www.lovebscott.com/news/tish...nkruptcy-filing-we-filed-to-reorganize-photos
http://forum.purseblog.com//www.pinterest.com/pin/create/extension/
 
#15
CuTe_ClAsSy said:
Combined they only make 90k a year? That doesn't smell right.
Click to expand...

Right? Maybe they are still in debt, but are hiding assets/income for the purpose of the bankruptcy??
All these people making millions of dollars can't seem to manage it. Do they not have financial advisors? Give me 2 mill and I'd be set for life. :smile:
 
You must log in or register to reply here.
Top
Back