According to multiple reports, Joey Lawrence and his partner, Chandie Lawrence, just settled their debt, and the reality star couple’s bankruptcy file was closed. In a report from Us Weekly, a “trustee” taking care of their case collected $75,636.22 to pay back the money they owed.
But after other expenses including legal and administrative fees, Joey and his wife had to pay an additional $52,547.88 to creditors as well as the IRS.
Joey and Chandie supposedly owed the IRS an additional $36,000. The court documents obtained by the publication claim that the Tax Board of the State Of California will receive around half of the $14,000 claim.
The pair also needed to pay back Capital One, American Express, the Ford Motor Company, BMW, Daimel Trust, and Woodside credit, with the amounts sitting at $30,991, $48,506, $42,000, $50,030, $130,000, and $76,965 respectively.
But fortunately for the couple, because of their bankruptcy claim, they don’t have to pay back a majority of the funds owed. As you may know, Joey and Chandie filed for bankruptcy back in July of 2017, after the reality star lost his job.
The couple formerly owed $132,000, $88,000, $32,000, $100,000, and $54,000, all in various forms of unpaid taxes and debt. The pair were dropping deeper into the hole each month, adding $18,000 every four weeks. That’s why it’s always good to live frugally, you never know what might happen.
Celebrity Insider reported last week that Joey and Chandie were forced to sell off many of their belongings including clothing, accessories, appliances, furniture, accessories, and Joey’s three cars were repossessed. The Blast was the first publication to report the news.
Either way, it appears as though Joey and Chandie’s financial problems have come to their logical conclusion. Maybe they’ll get another reality TV series based on their monetary issues?