According to The Jasmine Brand, the court seems to suspect Duane and Tisha may be hiding their assets from creditors.
The Jasmine Brand writes:
theJasmineBRAND.com exclusively reports, Tisha Campbell-Martin & her husband Duane Martin are refusing to hand over their personal laptop to the trustee presiding over their Chapter 7 bankruptcy, saying they have personal photos, medical information and secrets about their upcoming projects on it, but the trustee is demanding the Federal Court Judge order them to hand it over so he can inspect the records and determine if they are hiding assets from their creditors.
Here’s the backstory: theJasmineBRAND.com broke the story — the couple filed for Chapter 7 bankruptcy on January 7th. The petition stated the coupe owned $65k in real estate, $248k in personal property for a total of $313k in assets. However, they are drowning in debt and owe over $15,145,387 in liabilities to creditors.
Their monthly income is $7,655 but their monthly expenses come out to $16,953. Currently they only have $200 in cash on hand and less than $200 in their bank accounts.
Mess.
This is sad. They have to get their money problems under control. I sure hope they do soon.
Very messy situation. They will be lucky if this whole situation doesn’t ruin their marriage since financial problems are like the top reason people divorce.
They need to get their sh-t together.
If you’re going to hide assets, you better know what you’re doing.