Wait, What?! The Martins Are Broke!

 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.

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