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Sitcom Stars Duane Martin and Tisha Campbell-Martin File for Bankruptcy

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Real Husbands of Hollywood star Duane Martin and his wife, Martin actress Tisha Campbell-Martin, filed for chapter 7 bankruptcy amid growing debts, BET.com reported yesterday. The couple claimed that they owe more than $15 million and currently have only $313,000 in assets. They also say their joint monthly income is $7,655, which sets them back as their monthly expenses total to more than double that amount at $16,953. They also state that their liabilities include millions owed to banks, back taxes owed over multiple years and more than $125,000 collectively owed on a 42-month leased 2016 Range Rover, a 2016 Jeep Wrangler and a 2014 Range Rover. Court docs also show they owe $208,611 in tax debt and $113,000 in student loans.

First Quarter Bankruptcy Filings Down 5 Percent from 2015, Commercial Filings Increase 24 Percent

Submitted by jhartgen@abi.org on
Total U.S. bankruptcy filings fell 5 percent in the first calendar quarter (Jan. 1 - March 31) of 2016 from the same period in 2015, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 195,565 in the first quarter of 2016, down 5 percent from the 205,851 filings registered in the first calendar quarter of 2015. The 186,357 total noncommercial filings recorded in the first calendar quarter of 2016 represented a 6 percent decrease from the 2015 total of 198,413. However, total commercial filings for the first three months of 2016 were 9,208, representing a 24 percent increase from the 7,438 filings during the same period in 2015. Total commercial chapter 11 filings also increased 9 percent from 1,300 last year to 1,419 during the first three months of 2016. Click here for the full statistical release. 
 
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Jilted Lottery Winner Files for Bankruptcy in Florida

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A Florida woman has filed for bankruptcy after losing a large chunk of a $1 million lottery jackpot to her boyfriend who sued her for failing to share, the Associated Press reported yesterday. The Orlando Sentinel reports that Lynn Anne Poirier didn't list former boyfriend Howard Browning as a creditor in the case filed on Saturday. She listed the case against Browning as "pending." Last month, a Seminole County jury ordered her to pay Browning $291,000 after deciding that the couple had a valid but unwritten contract to split any large lottery jackpot. Browning's attorney Sean Sheppard asked a judge last week to tack on more than $150,000, claiming interest due from the 2007 jackpot. Poirier took a one-time lump sum $750,000 payment and claimed in court there wasn't an agreement to split the jackpot.