Tisha Campbell-Martin and Duane Martin Speak Out on Filing for Bankruptcy

"We got involved with some loans before the crash, couldn't agree to a settlement with the banks, so we filed to reorganize," says Tisha Campbell of the decision.

Actress and former Martin star Tisha Campbell-Martin and her husband, Duane Martin, have filed for bankruptcy.

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The couple is nearly $15 million in debt owing unpaid taxes, loans, car leases, other government debts and credit card bills. In January at the time of filing, the two claimed to only have $200 in cash and $173 in a credit union. They also stated that their restaurant in Sherman Oaks and their company XE Visions, Inc. no longer turn a profit leaving their financial future heavily dependent on the renewal of Tisha's sitcom, The Dr. Ken Show.

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The actress explained their decision to file for bankruptcy in a statement: "We got involved with some loans before the crash, couldn't agree to a settlement with the banks, so we filed to reorganize."

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