"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.
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.
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.”
WANT MORE FROM ESSENCE? Subscribe to our daily newsletter for the latest in hair, beauty, style and celebrity news.
You may like
Get The Essence Newsletter and Special Offers delivered to your inbox!