Tisha Campbell-Martin and Duane Martin are reportedly $15 million in debt and have filed for bankruptcy.
Tisha Campbell-Martin and her husband have reportedly filed for Chapter 7 bankruptcy, according to several reports.
Campbell-Martin claimed that she and her husband Duane Martin were overwhelmed by over $15 million in debt, with $313,000 in assets to their name. Those assets include $65,000 in real estate, with $248,000 in personal property, while their debts total $15,145,387, including $208,611 in tax debt and $113,000 in student loans.
According to E! Online, the actress explained the bankruptcy claim in a series of Tweets Monday:
We got involved with some loans before the crash, couldn’t agree to a settlement with the banks,so we filed to reorganize.
Their monthly income stands at $7,655, but their monthly expenses are at $16,953, leaving them with a mere $200 cash in hand.
In filing, Campbell-Martin acknowledged her current position at the Dr. Ken Show, though she noted that her contract was up in 2016 and that she was not sure that she would be asked back to the show.
Mediaoutrage – Hope they can snag some work to catch up on their expenses.