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Actor Joey Lawrence Files for Bankruptcy

Submitted by jhartgen@abi.org on

Actor Joey Lawrence and his wife have filed for bankruptcy after plummeting into debt, AOL.com reported. After the cancellation of "Melissa and Joey," Lawrence's income plummeted: He made $534,000 in 2015 but only $58,000 the following year. He claims he currently has $60 in cash and $8,000 in the bank. The actor reportedly earns between $4,000 and $6,000 a month — a stark contrast from the $500,000 salary he made while employed by ABC Family (now Freeform). The network canceled "Melissa & Joey," which co-starred Melissa Joan Hart, in 2015 after five seasons.