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Actress Tisha Campbell-Martin seeks bankruptcy protection

Overwhelming amounts of consumer debt can affect virtually anyone in Washington. No matter a person's income or one's best efforts to stay on top of monthly payments, consumer debt can become an insurmountable beast. Actress Tisha Campbell-Martin is perhaps an appropriate example of how debt can affect anyone at any time. She recently filed for bankruptcy, citing millions of dollars in debt.

Once an actress on "My Wife and Kids" and "Martin," Campbell-Martin now stars on "The Dr. Ken Show." She and her husband also own two other ventures, including Xen Restaurant and XE Visions. However, according to the bankruptcy filing, the restaurant is no longer profitable. Their current monthly expenses also outpace Campbell-Martin's monthly earnings for her role on "The Dr. Ken Show," which has not yet been renewed for another season, putting their main source of income in jeopardy.

Her husband, actor Duane Martin, cited the recent financial recession as playing a part in their debt. Like many people in Washington, the aftermath of the recession is still going strong, making it difficult for some individuals to get back on solid ground. Campbell-Martin and her husband apparently took out loans just prior to the recession, none of which they have been able to settle.

Their bankruptcy filing seeks to reorganize and discharge about $14.5 million in loans, credit card bills, car leases and other unspecified debts. While debtors in Washington might have smaller amounts of debt that do not total in the millions of dollars, this does not mean that bankruptcy is off the table. When debtors are completely overwhelmed by monthly bills and harassing creditors, filing for bankruptcy can provide a new foundation for a better financial future.

Source:, "Tisha Campbell-Martin Files for Bankruptcy: Here's How She Fell $15 Million in Debt", Samantha Schnurr, April 4, 2016

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