Tisha Campbell-Martin and husband Duane Martin are reportedly in a financial mess. The bankruptcy docs — and everything they owe — have surfaced, now Tisha’s responding…
Damn! Actors Tisha & Duane Martin have US stressed just from reading how much they allegedly owe folks, just from reading the court docs.
The “Dr. Ken” star and her “Real Husbands of Hollywood” husband filed for Chapter 7 bankruptcy on January 7th in US Bankruptcy Court in California.
According to the court documents, they owe over $15 million to creditors. $15,145,387 to be exact. Not sure how things will get paid back when The Martins reportedly…allegedly…have only $200 in cash on hand and $173 in a credit union. We’ll assume there are other accounts not accounted for, maybe?
While both have jobs on current tv shows, the Daily Mail reports their joint monthly income is $7,655 while their monthly expenses are around $16,953. That doesn’t seem to add up, but who knows.
As for how their total bill of what they owe folks made it to over $15 million, allegedly, here’s what Daily Mail reports via court docs they owe for 3 of their 5 vehicles, vendors for their restaurant, household goods, tax debt, student loans, home loans and more:
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 court documents reveal they owe $208,611 in tax debt and $113,000 in student loans.
The couple’s liabilities include $3 million to Broadway Federal Bank for a personal guaranty for a real estate loan they took out, $9.5 million to the City of Los Angeles for a personal guaranty, $82,000 in back state taxes for 2005 & 2011, $86,000 to New York State Department of Taxation and $30,000 to the State Board of Equalization.
They also owe $43,000 on the 42 month lease for the 2016 Range Rover, $17,000 on the 2016 Jeep Wrangler, $67,000 on their 2014 Range Rover, 39,000 to American Express, $455,000 to City National Bank, $538,000 to Comerica Bank for a judgement against them and $120,000 to a law firm.
In addition, their debts include $17,000 to Sallie Mae for a student loan they took out for their nephew, $2,500 to United Valet related to Xen Restaurant in Los Angeles, $500,000 to their company XE Visions for loans given along with $400,000 to a company named Money Real Estate.
As for Tisha’s job on “Dr. Ken,” she reportedly said she’s not sure if she will be asked back.
While all of this seems pretty dismal for the couple, Tisha seems to be keeping an upbeat spirit tweeting this afternoon:
HEY?! Anybody got nickel?
— Tisha4real (@TishaCampblMrtn) April 4, 2016
Oh. Meanwhile, Tisha just shot “Kocktails with Khloe” alongside Cardi B., TaRhonda Jones and more:
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