I think people are reading too much into this. Rich people use bankruptcy laws to get out of debts all the time. Given the fact that they have corporations that they own, they may be fine financially but they just want to get out from under all the debt. Hard to know anything definite unless you can look into all of their financial statements.
Damn Gina! Tisha Campbell-Martin and husband file chapter 7
- Thread starter Ol’Otis
- Start date
It's simple they was use to having a lifestyle of luxury and did not want to give it up when they made less money.
If you made over $3 million net
It should be illegal to be bankrupt
- blackierobinson
It should be illegal to be bankrupt
- blackierobinson
Uncle Kendrick
I'm just bout that action
It's not a race thing though they actually made it to the upper echelon. We are talking about upper middle class status but once you find out where they live it brings it all together. That Hollywood lifestyle is no joke it can eat you alive literally and from the documents it's clear that they were trying to live a life they couldn't afford to live.
ItWasWritten
Superstar
I see alot of people in here don't understand bankruptcy and it's benefits.
I gurantee you they are making more than 8,000 a month and are probably more than fine.
I gurantee you they are making more than 8,000 a month and are probably more than fine.
Ol’Otis
The Picasso of the Ghetto
Off topic but related to celebrities after their peak fame and earning years.
I listened to a podcast about an entertainer who got a divorce and had to pay alimony when he was making BIG money.
After his income dropped years later, he told the judge he makes less so he needs the alimony payments lowered.
The judge said:
"And? Make more money"
I listened to a podcast about an entertainer who got a divorce and had to pay alimony when he was making BIG money.
After his income dropped years later, he told the judge he makes less so he needs the alimony payments lowered.
The judge said:
"And? Make more money"
many hollywood folks ar ein the same boat i remember years ago on some documentary forgot what it was called some pawn shop owner in la talking about how he has golden globes and jewellery from famous people that he holds it for
Going out to dinner at a fancy restaurant with will Smith
Hey i forgot my wallet you got this Duane
yeah I'll put it on my AMEX
Ol’Otis
The Picasso of the Ghetto
Uncle Kendrick
I'm just bout that action
I believe it I'm sure these celebrities go to extraordinary lengths to maintain the lifestyle even if it cost them everything. At the same time let's not give these guys any passes like I said earlier they made it to the top bracket and well deserved might I add. But like Dre said to Kendrick, "anybody can get it the hard part is keeping it".
man they were living fraudulent, way beyond their means. 
Whats crazy is that hes currently on Real Househands of Hollywood yet there joint income is only $7,000 a month, thats like $84,000 a year.
I guess TV really dont pay the bills like I thought
I think black americans get way less in Hollywood
shyt ain't fair breh