We didn’t realize things were THAT bad for
The 41-year-old’s monthly expenses totaled $25,505.35, which include $13,500 a month in rent; $1,281 on water and sewer bills; $2,400 on food and housekeeping supplies; $1,000 on entertainment; and $2,348 for one car lease; and $498 for a second.
Apparently, the actor only had $60 dollars in cash and $8,000 in the bank, with his monthly income listed as $6,966, $2,500 of which were residuals. For the year of 2016, he says he made $58,000.
In 2015, Lawrence made $534,000, as his show Melissa & Joey ended that year.
Before filing, Joey and his wife were forced to sell purses and wallets on eBay for $463, clothing to vintage store Buffalo Exchange for $4,325.10, and furniture at a consignment shop for $1,836.70.
Three of his cars — a 2014 Bentley, a 2016 BMW i8, and a 2105 Ford Flex – were repossessed.
According to documents filed on January 5, Lawrence sold his loan-out company, Veritas Inc., for $56,000.
Although the husband and wife had their debt discharged, their bankruptcy is still pending.
[Image via Brian To/WENN.]
Read more: http://perezhilton.com/2018-03-09-joey-lawrence-chandie-lawrence-bankruptcy-assets-details