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

[lespaulultra3]

Here's another problem...your 50 years old investing that loan money into making teenage turnt up songs and spending money on producers, advertising and videos when that shyt didn't even sell wood

Then Duane is close friends with Will Smith, so u know he has to impressed will and show will that he has money...

Broke or not, I can't believe this woman is 47.

 

[Bugatti Biceps]

The exact kind of people who lease two 2016s would be the same people to be 15Ms in debt.
They're trying to live like a NBA couple, when they're making the combined salary of two software engineers at Google.
Its a shame that they're really that reckless with their money.

More like one software engineer. I make 1500 a month less than them, and I aint making google money. I'm making financial services money.

 

[lotteryplaya]

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

Fans might buy cars or houses from a celebrity.

 

[Clayton Endicott]

Father Downling Mysteries

 

[Nova]

Zero sympathy

They had all the time, money and opportunity in the world to educate themselves about personal finance.

 

[I AM GDN]

damn they were really living beyond their means

That is exactly what I thought when I read "2016 Range Rover".

It's ironic reading about this because I thought that Dwayne and Gina were not Flossy type nikkas but I guess you can never judge a book by it's cover.

Does Martin or My wife and kids still run re-runs cause I know she gets some royalties every time they run on syndicated channels.

I wish them the best man..they are not your typical nikkas that are all in the media from some dumb shyt

 

[Methodical]

Here's another problem...your 50 years old investing that loan money into making teenage turnt up songs and spending money on producers, advertising and videos when that shyt didn't even sell wood

Then Duane is close friends with Will Smith, so u know he has to impressed will and show will that he has money...

that was so f*cking embarrassed

 

[Clayton Endicott]

5 Linx.

I see why Montell moved out of LA

One of my cousins was trying his damnedest to get me in on this. I was like . shyt didn't even sound right. But was trying to shyt on me for soaking up this real estate game

 

[Kobes Two Jerseys]

Well. Tariq even said it himself...a lot of these celebrities aren't rich. Quite honestly, they sound like they have regular ass financial problems minus the 15 mil in debt. I mean my wife and I together bring in close to what they make jointly. Their house, student loans etc seem as normal as anyone elses.

But it's not too surprising when you really think about it...I mean just what big projects have either of them been involved in in the last 10 years where they would have made bank? I can't think of one. I'm sure that Martin money and that My Wife and Kids money is long gone..

My uncle is a real estate broker. He says pretty much everyone he deals with, is in debt. He said, "no matter how much more these people make than you, they live paycheck to paycheck too. They buy alot of shyt they don't need and take too many trips they really can't afford. I see people making 200 grand a year struggling to pay their house payments because they try to live a bigger lifestyle than what they really make."

 

[EndDomination]

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.

This isn't corporate bankruptcy though, they are personally bankrupt.
They're about to lose most assets, it seems.

 

[Sterling Archer]

25yrs, all that money and she still never got any hips.

 

[CodeBlaMeVi]

More like one software engineer. I make 1500 a month less than them, and I aint making google money. I'm making financial services money.

Difference is they're not actually going into a building and punching in a clock.

 

[GMOGMediaTV]

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.

Got damn, I make more than them a month alone and I bought my house at 330k now valued at 465k.

Living in Hollywood is a curse for black people unfortunately.

 

[Bugatti Biceps]

Difference is they're not actually going into a building and punching in a clock.

Which is even worse because they don't have the "I gotta get to and from work" expenses.

 

[beenz]

A quick 10 episode Martin show for Netflix would kill! Martin and Netflix need to make this happen.

yeah, but the majority of that money would go to martin since he's the creator and likely owns the show along with HBO. gina would make money to appear on it, but that's not gonna pay her millions of dollars.

plus does martin even have incentive to bring back his sitcom on netflix? dude already rich as fukk and made a shytload of money from movies as well.