Leave a comment
2014 Soul Train Music Awards - Centric Comedy All Stars

Source: Earl Gibson/BET / Getty

Things aren’t looking financially good for the Martin family.

Tisha Campbell-Martin and her husband Duane Martin have filed for Chapter 7 bankruptcy.

In a statement to HelloBeautiful, Duane Martin said, “we got involved with some loans before the crash, couldn’t agree to a settlement with the banks, so we filed to reorganize.”

Though the couple allegedly brings in almost $8K a month, their monthly expenses come out to $16,953 a month.

While their cash may be light, the Martins have assets they can leverage against their debt.

Their possessions include a Range Rover, a Yamaha Scooter, a Jeep Wrangler, $15,000 in household goods, $2,500 in sports and hobby equipment, and $2,500 in jewelry.

Despite their goods, the couple is citing $15 million dollars in debt against $313,000 in assets.

Yikes.

Even though that sounds bleak, we’re sure they ‘gon be alright (Kendrick voice).

RELATED LINKS

Finally! Tisha Campbell-Martin Tells Tommy’s Real Job On “Martin”

Tisha Campbell Martin Schools Newbies In Rap Music Video

Tisha Campbell-Martin Recalls Overcoming Sexual Abuse In New Music Video ‘Steel Here’

Damn Gina! Tisha Campbell-Martin And Husband Duane Martin File For Chapter 7 Bankruptcy was originally published on hellobeautiful.com

Also On 106.7 WTLC:
comments – add yours
×