Duane Martin and Tisha Campbell-Martin Break Their Silence on Bankruptcy

Duane Martin and Tisha Campbell-Martin Break Their Silence on Bankruptcy

Find out the reason behind their decision to file.

Published April 4th

We reported earlier today that Real Husbands of Hollywood star Duane Martin and his wife, Martin actress Tisha Campbell-Martin filed for bankruptcy after claiming they owe more than $15 million. Now, the couple released 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," the statement read.

As reported earlier, in addition to owing upwards from $15 million, the couple currently has $313,000 in assets with a joint monthly income of $7,655. Their monthly expenses total more than that amount, hitting at $16,953.

Their reported liabilities also include millions to banks, back taxes owed over the years and more than $125,000 collectively owed on three vehicles, including a 2016 and 2014 Range Rovers.

The bankruptcy is currently pending in Federal Court.

Check out the break down of the Duane Martin and the Tisha Campbell-Martin drama by BET Breaks below:

BET.com is your No. 1 source for Black celebrity news, photos, exclusive videos and all the latest in the world of hip hop and R&B music. 

Written by John Justice

(Photo: Axelle/Bauer-Griffin/FilmMagic)

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