According to court documents filed by Lisa Marie Presley’s ex Michael Lockwood, we should not trust the woman when she says she’s in debt. Here’s the ‘very good reason’ why!
Jeff Sturman, the man’s lawyer, revealed that Lisa Marie always changes her claims regarding how much she owes.
Apparently, in February of 2017, she said that she was $7.8 million in debt only to double the amount eight months later!
In addition, the attorney also stated that Presley has refused to give a full and accurate accounting of her investments and assets.
‘The Court should distrust the Petitioner’s suggestion that her debts exceed her assets and she hasn’t disclosed her assets or their values,’ Sturman stated in the documents filed today.
As fans may be aware, the Presley daughter and Lockwood have been at war not only concerning their divorce but also their post-nuptial agreement.
In addition, we know that the man has requested spousal support.
The judge dealing with the case ruled however that until the post-nuptial agreement’s validity is decided, Lockwood is to not get any such support.
Now, according to documents filed just last week, Lisa Marie is claiming that she is just drowning in a whopping $16.8 million debt.
Apparently, this amount amassed over the last thirty years without her knowledge.
Her lawyer stated that her liquid assets were less than $20,000.
Presley’s business manager explained that even though she receives around $100,000 every month from the trust holding Elvis Presley Enterprises, ‘she can’t demand the funds at will.’
Before this whole mess, the exes were also involved in a legal battle over their twin daughters’ custody.
Although that case has been closed, we hear that Lisa Marie is determined to appeal the decision.