Damn, Gina! Tisha and Duane Martin file for bankruptcy ($15M in debt)

I'm not going to clown them. This shit can happen to anyone I usually follow stories like this to see where they went wrong so I don't.

My house is paid off, my rental property is paid off. I buy all my vehicles (except for my infiniti) used and paid off. People should avoid debt anyway they can.
 
I'm not going to clown them. This shit can happen to anyone I usually follow stories like this to see where they went wrong so I don't.

My house is paid off, my rental property is paid off. I buy all my vehicles (except for my infiniti) used and paid off. People should avoid debt anyway they can.
How do you feel about leasing vehicles? If I buy I do certified pre owned but if not I'll lease and just get something new every 3 years with no money down.
 
How do you feel about leasing vehicles? If I buy I do certified pre owned but if not I'll lease and just get something new every 3 years with no money down.

Leases are only good as business write offs. I leased a business vehicle years ago but I wouldn't do it now. Why do you like paying every month for a vehicle when your money can go to something to else?

A new vehicle every 3 years? For what? The new vehicle didn't do what the last vehicle did? Like drive? Lol

Use an app like cars.com, buy a used vehicle make a few repairs and the monthly money you're wasting you can keep.
 
I thought Duane was Will Smiths good friend? Can't Will help him get some acting work?
 
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cats talking about bankruptcy likes its all good. these two have kids to raise and impress, this shit is not good.
one person maybe, but two sensible educated adults fucking up this bad? pathetic,
 
Leases are only good as business write offs. I leased a business vehicle years ago but I wouldn't do it now. Why do you like paying every month for a vehicle when your money can go to something to else?

A new vehicle every 3 years? For what? The new vehicle didn't do what the last vehicle did? Like drive? Lol

Use an app like cars.com, buy a used vehicle make a few repairs and the monthly money you're wasting you can keep.

I can see your point of view. For me it's about where my money is. If I have 4 or 5 k to spend I will just buy a used car out right and keep that money but I run the risk on a repair bill. If I lease a vehicle for 3 years I don't have any repair bills and put nothing down. I get a newer vehicle every 3 years. If I liked the vehicle that I leased I can buy it for way less than it would have cost me originally. The money I'm spending on a lease is under $300. I'm not leasing expensive cars just efficient cars that I don't ever need to worry about repairing.
 
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This is messed up. I can understand having hard times and going bankrupt but them two being 15 million in the hole is just shocking. Hard believe they was trying to live that much above their means
 
Rolling Out reports that Campbell-Martin took to Twitter on Monday to invoke some humor into this news concerning their money problems.

"Hey anybody got nickel? Yeah guys it's not like what's being reported at ALL but it's funny tho," she tweeted but then later took down, according to the news site.

She reportedly went on to explain that she and her husband took out some bank loans, the market crashed and they weren't able to reach an agreement with the banks on a new payment plan for the loans.

"Quick statement, have y'all seen the movie 'The Big Short?' ... Yup we did file but its becuz my hubby n I invested n real estate, got involved w some loans b4 the BANKS caused the market to crash ... Obviously couldn't agree 2 a settlement with the banks, so we filed to reorganize, that's all, but I so appreciate the genuine concern 4 my fam. I got the best supporters ever thanks TWITTER FAM,” Campbell-Martin wrote, according to Rolling Out.

http://www.theroot.com/blogs/the_gr...ile_for_bankruptcy_cite_15_000_000_worth.html
 
But Chapter 7 though? That's liquidation, right? Reorganization is 13.


Rolling Out reports that Campbell-Martin took to Twitter on Monday to invoke some humor into this news concerning their money problems.

"Hey anybody got nickel? Yeah guys it's not like what's being reported at ALL but it's funny tho," she tweeted but then later took down, according to the news site.

She reportedly went on to explain that she and her husband took out some bank loans, the market crashed and they weren't able to reach an agreement with the banks on a new payment plan for the loans.

"Quick statement, have y'all seen the movie 'The Big Short?' ... Yup we did file but its becuz my hubby n I invested n real estate, got involved w some loans b4 the BANKS caused the market to crash ... Obviously couldn't agree 2 a settlement with the banks, so we filed to reorganize, that's all, but I so appreciate the genuine concern 4 my fam. I got the best supporters ever thanks TWITTER FAM,” Campbell-Martin wrote, according to Rolling Out.

http://www.theroot.com/blogs/the_gr...ile_for_bankruptcy_cite_15_000_000_worth.html
 
I can see your point of view. For me it's about where my money is. If I have 4 or 5 k to spend I will just buy a used car out right and keep that money but I run the risk on a repair bill. If I lease a vehicle for 3 years I don't have any repair bills and put nothing down. I get a newer vehicle every 3 years. If I liked the vehicle that I leased I can buy it for way less than it would have cost me originally. The money I'm spending on a lease is under $300. I'm not leasing expensive cars just efficient cars that I don't ever need to worry about repairing.

300 X 12 months = $3,600.00 plus full coverage on the vehicle. I rode all last year in my used truck and only spent 1,000 dollars on new tires. Yes repairs can be expensive but if you know how to fix small things and do minor repairs yourself the money you are saving can go towards something else....notice I mentioned I paid my house off?
 
Tisha Campbell has what, two shows in syndication on-air all the time? Martin and My Wife & Kids. Either residuals don't pay anywhere near what you would think or those income numbers are suspect.
 
Tisha Campbell has what, two shows in syndication on-air all the time? Martin and My Wife & Kids. Either residuals don't pay anywhere near what you would think or those income numbers are suspect.

Of course they are saying they are broke to get from under that debt. I feel them. Desperate times means desperate measures
 
I can see your point of view. For me it's about where my money is. If I have 4 or 5 k to spend I will just buy a used car out right and keep that money but I run the risk on a repair bill. If I lease a vehicle for 3 years I don't have any repair bills and put nothing down. I get a newer vehicle every 3 years. If I liked the vehicle that I leased I can buy it for way less than it would have cost me originally. The money I'm spending on a lease is under $300. I'm not leasing expensive cars just efficient cars that I don't ever need to worry about repairing.
There's nothing wrong with what you're doing so far as you're comfortable with the payment and it's not going to dent your savings. Yes, it would be better if you were in a position to tax deduct it.
 
Damn, I'm all in they business. The legal jargon is probably beyond my pay grade but from what I read Tisha has two companies x and y. X is controlled by the trustee/bankruptcy overseer.

Colin Notes

X had an agreement with Sony regarding the Dr Jen show at 45k per episode. She created company Y to have payment(s) made out to it even though the original agreement is with X probably to circumvent being part of the bankruptcy (this part I'm sorta confused on. Maybe circumvent is the wrong word). The bankruptcy overseer wants payments made to Y to be a part of the bankruptcy.



 
Damn, I'm all in they business. The legal jargon is probably beyond my pay grade but from what I read Tisha has two companies x and y. X is controlled by the trustee/bankruptcy overseer.

Colin Notes

X had an agreement with Sony regarding the Dr Jen show at 45k per episode. She created company Y to have payment(s) made out to it even though the original agreement is with X probably to circumvent being part of the bankruptcy (this part I'm sorta confused on. Maybe circumvent is the wrong word). The bankruptcy overseer wants payments made to Y to be a part of the bankruptcy.




Yes and he can can do that. All that money now belongs to the estate, out of which he will pay creditors.
 
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