{"id":56141,"date":"2018-03-12T12:31:28","date_gmt":"2018-03-12T07:31:28","guid":{"rendered":"https:\/\/tns.world\/?p=56141"},"modified":"2018-03-12T12:31:28","modified_gmt":"2018-03-12T07:31:28","slug":"joey-lawrence-files-for-bankruptcy-after-accumulating-over-355k-in-liabilities","status":"publish","type":"post","link":"https:\/\/tns.world\/?p=56141","title":{"rendered":"Joey Lawrence files for bankruptcy after accumulating over $355K in liabilities"},"content":{"rendered":"

Loss Angeles March 12 (TNS):<\/strong> Actor Joey Lawrence and his wife Chandie Yawn-Nelson have filed for bankruptcy.<\/p>\n

According to\u00a0documents filed in July 2017 and first obtained by The Blast, Lawrence and Yawn-Nelson, who married in 2005, only had $8,000 in the bank at the time of filing and just $60 in cash.<\/p>\n

While Lawrence had made $534,000 in 2015, part of the problem was that he had earned far less in 2016, taking home only $58,000. The\u00a0Blossom<\/em>\u00a0alum \u2014 whose Freeform show\u00a0Melissa & Joey<\/em>\u00a0ended in 2015 \u2014 says he made an average of $6,966 a month, including $2,500 in residuals.<\/p>\n

Yawn-Nelson was listed as unemployed.<\/p>\n

Reps for Lawrence did not immediately return PEOPLE\u2019s request for comment.<\/p>\n

The couple\u2019s monthly expenses were far much more: $25,505.35 total, per the documents, leaving them $18,539.35 a month in the red.<\/p>\n

That included rent ($13,500), water and sewer bills ($1,281), food and housekeeping supplies ($2,400), entertainment ($1,000) and two car leases ($2,348 and $498).<\/p>\n

On top of that, they had $355,517.27 worth of liabilities \u2014 including $132,000 in credit card bills, $100,000 owed for automobiles, $88,000 in back taxes, $54,000 in unpaid rent, and $32,000 for an unpaid loan.<\/p>\n

Assets for the duo\u2019s personal property were listed at a total value of $43,907.32.<\/p>\n

Those assets included $4,200 in household goods and furnishings; $650 in holiday decorations, family artifacts and a hope chest; $1,485 in electronics (four televisions, three DVD players, two iPads, a stereo system and an old computer); $350 in exercise equipment and bicycles; $3,500 in clothes, shoes and handbags; an $2,500 for a men\u2019s 1981 Rolex Datejust watch, a woman\u2019s watch, wedding ring bands and other jewelry.<\/p>\n

There were also three cars: a 2014 Bentley, a 2016 BMW i8, and a 2105 Ford Flex, which were listed as being repossessed.<\/p>\n

RELATED VIDEO: The Origins of Joey\u2019s \u201cWhoa!\u201d Catchphrase on\u00a0Blossom<\/em>: \u201cIt Was From the TV Icon Gods\u201d<\/strong><\/p>\n

To help their financial situations, Lawrence and Yawn-Nelson had sold some of their items second-hand. The documents obtained by The Blast state that they made $463 from purses and wallets on eBay;$1,836.70 from selling furniture at a consignment shop; and $4,323.10 for offloading used men and women\u2019s clothing to Buffalo Exchange for $4,325.10.<\/p>\n

Lawrence\u2019s loan-out company, Veritas Inc., was also sold at auction for $56,000 in January : The buyers collected all TV, movie and song residuals, royalties plus any other income owed to Lawrence for his work done prior to his bankruptcy<\/p>\n

The Blast\u2019s documents reveal their bankruptcy is still pending, but that the debt has been discharged. Courtesy The Blast\/ Yahoo<\/em><\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Loss Angeles March 12 (TNS): Actor Joey Lawrence and his wife Chandie Yawn-Nelson have filed for bankruptcy. According to\u00a0documents filed in July 2017 and first obtained by The Blast, Lawrence and Yawn-Nelson, who married in 2005, only had $8,000 in the bank at the time of filing and just $60 in cash. While Lawrence had […]<\/p>\n","protected":false},"author":1,"featured_media":56143,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1770],"tags":[1771],"class_list":["post-56141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-showbiz","tag-showbiz"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/56141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56141"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/56141\/revisions"}],"predecessor-version":[{"id":56144,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/56141\/revisions\/56144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/56143"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}