Damn, Gina! Tisha and Duane Martin file for bankruptcy ($15M in debt)
- Thread starter Hotlantan
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Just cause you live and work in hollywood doesn't mean you have to live a hollywood lifestyle.Some find this out too late.
Just cause I can afford a Bentley doesn't mean I need one but I give the young and "the first"in the family a lot of slack to make those mistakes but after a certain age foolish behavior is for fools.
My family member is an accountant for Uncle Sam and he says that the way things are setup it's like a real game of monopoly with different levels depending on how much you make and your wealth.Some are good at it,some learn to just get by in the game without losing it all while a lot of people just suck at.
Just cause I can afford a Bentley doesn't mean I need one but I give the young and "the first"in the family a lot of slack to make those mistakes but after a certain age foolish behavior is for fools.
My family member is an accountant for Uncle Sam and he says that the way things are setup it's like a real game of monopoly with different levels depending on how much you make and your wealth.Some are good at it,some learn to just get by in the game without losing it all while a lot of people just suck at.
We need to clear up this Donald file comment. He never personally filed, his businesses filed.
He had control of those businesses and he made the decision to file BK
When the 2016 has a totally diff shape lolSeriously, talk about trying to keep up with the Joneses.
What frame of mine to you have to be in to go lease a 2016 Range Rover when you already owe 67k on a 2014 Range Rover and are 15 million in debt?
"What you think i rap for,to push a fukkin rav 4?" Kanye
The reason he didn't file personal bankruptcy he has zero assets in his name personally - no one with major assets ever keep it in their name. He is a brand and every thing he does is business - for tax purposes and those assets that he cannot claim as business goes into irrevocable trusts that cannot be touched in bankruptcy or IRS.
If you want to read about how slick the rich are read about how the Walton Family and their family foundation.
http://www.bloomberg.com/news/artic...tons-maintain-their-billionaire-fortune-taxes
Their joint monthly income is $7,655 but monthly expenses are $16,953 
And two bucks for the mutts?
And two bucks for the mutts?
The game of life
All I can say from reading the comments in the thread..... People love to see you fail .
Damn that's a fucked up valuation on the dogs got them muthafuckas rated $1 a piece. They ain't even worth dog food
got them muthafuckas rated $1 a piece. They ain't even worth dog food
It's true. Their attorney has to verify it or else that's his ass.
How are they only making 7,600/mo when she's getting 45k per episode?
You take the average of her their income for the past 6 months. So, maybe she hasn't revived a check in 6 months.
Gina was to smart. This might be a move of theirs.
Try and get too slick and the government won't hesitate to make you an exaple - just ask Wesley Snipes.
According to the bankruptcy petition, they own 100% interest in a production company named XE Visions. The company produces music, music videos and ‘behind-the-scenes’ videos based on Tisha’s performances.
XE Visions contracts with studios regarding her performances and receives payments for the shows. A contract was entered into between XE and Woodridge Productions – an affiliate of Sony – who produce the ABC show ‘Dr. Ken’ … for which Tisha is paid $45k per episode.
Two days after the couple filed for Chapter 7, the trustee says Tisha created another company named Won Hundred as a vehicle for rendering her acting services, despite her already running XE Visions that does exactly the same thing.
He accused the couple of creating the new company for the sole purpose of diverting post-petition payments she was receiving for her work on the ABC sitcom. The trustee claims Tisha was paid $47,500 gross and $39,500 after she paid her agency.
Further, he said that Woodridge issues 4-5 more payments to Tisha totaling $185k that are being held by her talent agency for some reason.
The trustee accused Tisha & Duane of refusing to hand over the money since he says the payments should have been made to XE Visions NOT their new company Won Hundred, since the contract she has with Dr. Ken states she is to be paid via XE Visions.
He demanded the judge grant an injunction enjoining them from spending, using, transferring or otherwise dissipating the payments to Won Hundred and any other property or assets of XE until the case has been fully decided.
Read more: http://thejasminebrand.com/2016/04/28/tisha-campbell-martin-duane-martin-bankruptcy-dr-ken-paychecks
According to the bankruptcy petition, they own 100% interest in a production company named XE Visions. The company produces music, music videos and ‘behind-the-scenes’ videos based on Tisha’s performances.
XE Visions contracts with studios regarding her performances and receives payments for the shows. A contract was entered into between XE and Woodridge Productions – an affiliate of Sony – who produce the ABC show ‘Dr. Ken’ … for which Tisha is paid $45k per episode.
Two days after the couple filed for Chapter 7, the trustee says Tisha created another company named Won Hundred as a vehicle for rendering her acting services, despite her already running XE Visions that does exactly the same thing.
He accused the couple of creating the new company for the sole purpose of diverting post-petition payments she was receiving for her work on the ABC sitcom. The trustee claims Tisha was paid $47,500 gross and $39,500 after she paid her agency.
Further, he said that Woodridge issues 4-5 more payments to Tisha totaling $185k that are being held by her talent agency for some reason.
The trustee accused Tisha & Duane of refusing to hand over the money since he says the payments should have been made to XE Visions NOT their new company Won Hundred, since the contract she has with Dr. Ken states she is to be paid via XE Visions.
He demanded the judge grant an injunction enjoining them from spending, using, transferring or otherwise dissipating the payments to Won Hundred and any other property or assets of XE until the case has been fully decided.
Read more: http://thejasminebrand.com/2016/04/28/tisha-campbell-martin-duane-martin-bankruptcy-dr-ken-paychecks
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