Wait, What?! The Martins Are Broke!
What's really going on with these celebrities and their money? Let's see, Toni Braxton had to filed for bankrutcy, DMX, and now; Tisha and Duane Martin.The Martin's filed for Chapter 7 bankruptcy in California after falling $15 million in debt.
Here it is...
According to documents filed in U.S. Bankruptcy Court in California, reveals how the Martins were living above their means. Together, they earned over $7,600 per month, but they were spending nearly $17,000 per month. Some of the items that they owe money on include a 2016 Range Rover they leased for $43,000; a 2014 Range Rover for $67,000; and a 2016 Jeep Wrangler for $17,000.
The Martins also owe American Express $39,000; $455,000 to City National Bank; $538,000 to Comerica Bank; $500,000 for loans given to their company XE Visions; $400,000 for a company called Money Real Estate; and $17,000 in student loans for a nephew.
Some of their assets include two dogs that they value at $2; $15,000 in household goods; $2,500 in electronics; $2,500 in jewelry; $2,500 in hobby equipment; and $1,000 in clothing. The documents also state that they only have $200 in cash and $173 in a credit union.
By no means are we laughing at this. We hope they get through this, but as you see; having money, fame, and power combined with poor money management skills may potentially leave you with no money at all.
Source
No comments:
Post a Comment