Damn Gina! Tisha Campbell-Martin and husband file chapter 7

[#1 pick]

I'm a BI Developer. I consult at a couple corporations here in ATL.

Good shyt Fresh

 

[Ol’Otis]

Exactly.. people will bypassed this post..

In chapter 7 as well in 13, u have to list everything and if u don't not only can they discharged you bankruptcy u can be looking at 5 years in prison plus a heavy fine

 

[Ol’Otis]

Larenz Tate Sued -- Menace II His AMEX Card


Larenz Tate deals in "Dead Presidents" onscreen, but offscreen he has nothing to do with them ... which is why American Express is suing him.

The "Menace II Society" star racked up more than $57K on his AMEX card but didn't pay a Native American cent ... according to court docs obtained by TMZ.

AMEX claims in its lawsuit it's sent several demands for payment -- but got radio silence from the famous debtor.

AMEX wants $57,912.85.

Maybe he SHOULDA left home without it.

Read more: Larenz Tate Sued -- Menace II His AMEX Card



larenz had his own problems
a little over a year ago

 

[Tupac in a Business Suit]

Not surprising in the least bit. Cole from Martin was selling cars a few years back and he has been on Television as long as the both of them if not longer.

 

[#1 pick]

More than most American families, thing is their expenses

It is but it's 47.50 a hour. For a Hollywood family, that's not a lot. For a family in Provo, Utah, that's great!

 

[Sunalmighty]

@Sunalmighty Lets hop on this breh.

They were clearly living beyond their means. This is what you call "keeping up with the Jones" smh. They were LIVING off of credit.

 

[Birnin Zana]

Will also learned his lesson from Uncle Sam really early lol...they garnished his checks for the first 3 seasons of fresh prince due to back taxes

Yea, Will was going through a lot of financial troubles back in the day, and that was right after his rap career was poppin.

The Surprisingly Poor Fresh Prince Of Bel-Air

So after blowing through millions of dollars, buying such must-haves as a necklace with the words “The Fresh Prince” encrusted on it in diamonds, 19 year old Will Smith was woken up by the IRS knocking on his door. Smith later stated, “They wanted $2.8 million and I had two dollars and eighty three cents.” We can only assume when he told them he didn’t have any money, using that charm and charisma that got him the nickname “Prince” in the first place, he perhaps also turned his pockets inside out, shrugged and made a “I’m sorry” face. Whether the scene played out like that or not, the IRS proceeded to take all of his stuff.

The effect of this massive debt was felt by Smith almost immediately. As Smith said, “There’s nothing more sobering than having six cars and a mansion one day and you can’t even buy gas… the next.”

By 1989-1990, he was broke, and not only broke, but owing massive sums to the IRS, an organization not exactly known for forgiving debt and which maintains amazingly high interest rates on unpaid taxes. This is when life handed Smith a way to get out of the pile of crap of a situation he had put himself into.

"The Fresh Prince" show saved him, if anything.

 

[Sonic Boom of the South]

 

[#1 pick]

It is really sad that black people are going after Tisha Campbell and Duane Martin, like that. I wish them success, hope and candour in such a time.

Lessons learned:

• Blacks should buy used, pre-owned or certified preowned items, equipment, goods
• Blacks need to support one another in times of need
• Black need to callout other blacks to bring attention to proper issues to fix.
• Black Actors and black actresses need more TV acting and executive roles
• Black Entertainers and blacks and other people in infrequent paying jobs, should spend less than their making.
• Entertainer blacks, should diversify sources of income, especially if paycheck is not frequent
• Black should be careful where they shop and save.
• Where possible, save your money! Dont spend it!
• Blacks need to strategize and be exceptional, like Will Smith. Will Smith studyed the film game, before, become an actor. Will smith gets $20 million a picture.

It's so easy to say but Black Hollywood like our reality. We got nobody but ourselves. Nobody. And it is beyond fukked up

 

[FreddyCalhoun]

Actress Tisha Campbell-Martin and husband filed for bankruptcy


‘Martin’ actress Tisha Campbell-Martin, 47, and her actor/husband Duane Martin, 50, have filed for Chapter 7 bankruptcy, explaining they are drowning in over $15 million dollars in debt with only $313,000 in assets between the couple
The couple filed for bankruptcy on January 7th in US Bankruptcy Court in California.
Their assets include $65,000 in real estate, $248,000 in personal property, totaling $313,000 in assets. But they owe over $15,145,387 in liabilities to creditors
Their joint monthly income is $7,655 but their monthly expenses come out to $16,953. Currently they only have $200 in cash on hand $173 in a credit union.


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
Tisha and Duane also list several companies they run, including a production company where Tisha is paid for her work on the ABC show Dr. Ken Show.’ She explains her contract is up in early 2016 and she isn’t sure they will ask her back
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.
The bankruptcy is still pending in Federal Court.
Tisha famously starred as Gina on the Martin Lawrence hit sitcom, ‘Martin’ from 1992- to 1997 and her other credits include My Wife & Kids, Everybody Hates Chris and Dr. Ken. Her husband has been equally successful with his career starring in the Real Husbands of Hollywood with Kevin Hart and the hit film White Men Can’t Jump.
The couple have two children Xen, 15 and Ezekial, 6.

How.....Just How...?

 

[Just like bruddas]

maybe the coli brehs
should start a financial management class for black entertainers

I damn sure can use some investment money to open up some gyms and even affordable supplements brands that can be sold in it. Juice bars, Burger spots, hell even a carwash.

 

[MeachTheMonster]

Lol only? Yaw internet nikkas are delusional. With tax benefits thats 100k family.

They aren't a normal couple

Being celebrity with classic material and being on tv everyday, with million dollar homes and cars, you'd think they were making more.

Obviously 100k is a decent income, but it's not 15mil in debt type income.

 

[#1 pick]

Be friends with Will Smith, but can't get access to resources that prevent this type of shyt from happening Duane.

Martin somewhere reading this shyt like , thinking Tisha actually tied to sue me at one point.

She outside like in Boomerang saying, you a dog Martin, you a dog!

 

[Ziggiy]

As long as their not filing for divorce

 

[King Poetic]

Perfect example of this is rappers

It's like these black musicians don't even look at pass artist

It's like why black musicians rappers especially don't look how ray Charles demanded his masters and got paid to how Toni Braxton went broke or tlc or even lil wayne problems

Black entertainers always say this wouldn't happen to me and it always does