Damnnnnn Gina! Tisha Campbell Files For Bankruptcy After Wracking Up $15 MILLION In Debt

By on April 4, 2016 in ArticlesCelebrity News

Dammmnnnnnn Gina!!! Why you gotta spend sooooooo much more money than you make and take out crazy loans you'll never be able to pay back?

As you may have inferred from the title of this article, actress Tisha Campbell and her husband Duane Martin just filed for Chapter 7 bankruptcy protection. Perhaps more shockingly, the Martins (which is such an awesome coincidence) revealed to a Santa Barbara courthouse that they are $15 MILLION in debt. Specifically, they owe $15,145,387 in liabilities to various creditors including $3 million which is owed to Broadway Federal Bank for a real estate loan and $9.5 million to the City of Los Angeles for a personal guaranty. They also owe tens of thousands in back taxes and over $100,000 in student loans that they took out for their nephew.

As for their assets, the Martins claim to just have $313,000 worth of real estate and personal property. Their personal property includes a 2014 Range Rover, a 2016 Range Rover, a 1999 Kawasaki Drifter and a Jeep Wrangler. They peg their combined monthly income at $7,655, but their monthly expenses tops $17,000.

Kevin Winter/Getty Images

Kevin Winter/Getty Images

For those who are aware, Tisha is probably most famous for her role on the 90s sitcom Martin which aired 132 episodes between 1992 and 1997. She has also appeared in a number of television shows, movies and even release a musical album in 1994 titled "Tisha". Her husband Duane Martin is an actor who has appeared in movies such as Down Periscope, Scream 2, Any Given Sunday and Deliver Us From Eva. Outside of acting, Duane has dabbled in real estate and had a brief NBA career.

Articles Written by Brian Warner
Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
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