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).
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