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

[h2o_proof]

If this is true and if the below story breaking on the same day is true, how embarrassing.
BOSS Sports | Will Smith And Jada Pinkett-Smith Are Now Majority Owners Of The Philadelphia 76ers

 

[hatechall]

The value of the dogs is $2

 

[EndDomination]

The wild thing is that living a lifestyle at your own means is not at all a difficult thing.
Each of you only needs one car, get an Acura or even an entry-level Mercedes-Benz, each, and just keep up the car.
They had to have been able to pool together enough money for a middle-class/upper-middle class home down-payment/insurance policy.
Take out money for bills, and outside expenses. You should be good after that.
I simply do not understand why someone would purposefully get into that much debt without a sure-fire way of making all the money back.

 

[BLAZO da GAWD]

BI stands for Business Intelligence. You can get into it by checking the IT Certs and Careers thread (check my posts in there) or going to school and getting into a data-related degree program. I'm not gonna put myself out there but I make that per month from just 1 of my contracts. Once again check my posts in that thread, I basically give cats the game in there.

@bdizzle can confirm.

and I thought I was doing well.

 

[The Guru]

Real estate deals gone bad?

 

[Monoblock]

man I saw this last week, and it was literally

dude made over 100K and the wife made over 50K. their mortgage was ONLY $1200 a month. it was crazy how broke they were.

fukking wife was spending money like water with no fukks given. husband drove a piece of shyt car while she's up in a range that cost like $650 a month in car note and she's spending another $700 a month on her makeup and eyebrows.

instead of declaring ch13 like they advised to in order to repay the backpayment on the house, they move out of their house and rent another house that cost $1000 more a month.

Man I couldn't believe what I was watching. And then this chick wanted an engagement party for $2500 to show off in front of their friends and family. Said she was use to a certain lifestyle b/c she had a big contract years back and was getting paid. Of course the money dries up and she still wants to live like she did when she was getting paid and the husband won't say a word. Just started barking at the guy for a solution on how to keep their lifestyle. I really couldn't believe what I was seeing.

 

[Straw Hat Luffy]

Why is it any business of yours though.

So I can learn to not make the same foolish mistakes

 

[VladTheImpaler]

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.

All them years of work in Hollywood and her career goes back to Little Shop of Horrors...and they broke.... please

only think I care about is the bolded above...

leave the dogs out of it...they innocent

 

[King Poetic]

The wild thing is that living a lifestyle at your own means is not at all a difficult thing.
Each of you only needs one car, get an Acura or even an entry-level Mercedes-Benz, each, and just keep up the car.
They had to have been able to pool together enough money for a middle-class/upper-middle class home down-payment/insurance policy.
Take out money for bills, and outside expenses. You should be good after that.
I simply do not understand why someone would purposefully get into that much debt without a sure-fire way of making all the money back.

Because unlike me and you people train of thought at that point is these big checks and the so called what they believe free credit will continue to come in and for some fukking reason they don't understand u have to pay credit back...

 

[Dameon Farrow]

This is mismanagement on a phenomenal scale but it's probably more typical than we think. Kats just have some kind of safety net lined up. These kats didn't have such a net so to the bankruptcy courts they go. Not the end of the world though.

 

[Doomsday]

7,000 a month in Hollywood/Los Angeles isn't a lot of money brehs. Especially if you are trying to keep up with the Jones' which tons and tons of people end up doing.

Sigh, not this bullshyt again. 100k is enough money to live ANYWHERE. No offense but you non-blacks are annoying as hell with this pocket watching shyt. It's so easy to talk about how X amount and shyt when you live off of your parents for life.

Yaw nikkas really believe these celebrities be making 100 Million a year and shyt huh?

 

[newworldafro]

some people were clowning cole when it was revealed he was working as a car salesman. he's probably in a better financial situation than gina tho

I was going to say J Cole? But you mean the actor that played Cole...I remember that thread.

 

[iceberg_is_on_fire]

Guess they should have gotten the 4.0 and not the 4.6

 

[Tug life]

They both make only 7,655 a month I make that by myself

 

[Will Ross]

Live beyond your means.