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March 10, 2018 23:24·
Joey Lawrence and wife Chandie Yawn Nelson attend a 2006 event. More

Joey Lawrence and wife Chandie Yawn Nelson attend a 2006 event. More

Now Joey Lawrence himself has been forced to file for Chapter 7 bankruptcy, after finding himself in financial difficulties following the end of the ABC Family show after five seasons.

After the cancellation of "Melissa and Joey", Lawrence's income plummeted: He made $534,000 in 2015 but only $58,000 the following year. They filed for bankruptcy in July 2017, after amassing more than $355,000 in liabilities.

Their assets totaled $43,907.32. Debts included $88,000 in back taxes, $132,000 of credit card bills, $32,000 for an unpaid loan, outstanding auto loans of $100,000 and $54,000 in unpaid rent. The 41-year-old actor noted he would make money in future acting stints.

That included rent ($13,500), water and sewer bills ($1,281), food and housekeeping supplies ($2,400), entertainment ($1,000) and two vehicle leases ($2,348 and $498).

However this did little to help, with Lawrence bringing home just $6,966 a month in earnings and residuals, but facing a whopping $25,505.35 in expenses.

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The documents reveal that the duo's monthly expenses leave them $18,000 in debt each month.

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.

The pair, who tied the knot in 2005, sold items of clothing, accessories and furniture prior to filing for bankruptcy. They made $463 on eBay for selling wallets and purses. The court docs claim that made $4,325 by selling their clothing to Buffalo Exchange and $436 by selling purses and wallets on eBay.10 The Dancing With the Stars alum's debts include $132,000 in credit card debt, $88,000 in back taxes, $32,000 in unpaid loans, almost $100,000 for owed automobiles and $54,000 in unpaid rent, according to the docs. Lawrence and Chandie Wednesday in 2005 and has two children, Charli and Liberty.

During this tough time, it is especially inevitable to do whatever it takes to earn money.

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