The Real Reason Tisha Campbell & Duane Martin Filed for Bankruptcy
People woke up on Monday morning to shocking reports that Tisha Campbell-Martin and her husband, Duane Martin, filed for bankruptcy after falling $14.5 million in debt.
The couple, who filed for chapter 7 in January 2016, share $300,000 in personal and real estate property, including a $65,000 Los Angeles house, three cars and five motorcycles. According to the bankruptcy papers, Tisha and Duane also listed $15,000 in furniture and household items, $1,000 in clothing and $2,500 in jewelry among their assets.
The couple, who share two children together, Xen and Ezekiel, currently owe over $14 million in unpaid taxes, loans, car leases, credit card bills and other government debts.
Following all the chatter, Tisha took to Twitter to confirm that she and her husband did file, but that it came down to not being able to “agree 2 a settlement w the banks” after taking out loans for real estate investment.
Apparently, as of January, the married couple only had $200 in cash and $173 in a Credit Union.