Joey Lawrence’s Bankruptcy Case Settled, IRS Won’t Receive Full Payment 


Joey Lawrence and his wife, Chandie Lawrence, have settled their debts. The Blossom alum’s bankruptcy case has closed.

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Joey Lawrence attends the premiere of FX’s “American Crime Story – The People V. O.J. Simpson” at Westwood Village Theatre on January 27, 2016 in Westwood, California. Todd Williamson/Getty Images

According to the court documents obtained by Us Weekly, the trustee presiding over Lawrence’s case collected $75,636.22 to pay back the money the couple owed. However, after legal fees and other administrative expenses, there was a balance of $52,547.88 left to pay his various creditors, including the IRS, which will only receive $31,000 out of the $67,000 owed.

The court docs add that the State of California Franchise Tax Board will be paid roughly half of a $14,000 claim. Capital One (owed $30,991), American Express (owed $48,506), Ford Motor Company (owed $42,000), BMW (owed $50,030), Daimel Trust (owed nearly $130,000) and Woodside credit (owed $76,965) will all receive $0 in the settlement.

As previously reported, the 41-year-old actor and his wife filed for Chapter 7 bankruptcy in July 2017. According to financial documents obtained by Us, the former Melissa & Joey star’s debts included $132,000 in credit card debt, $88,000 in back taxes, $32,000 in unpaid loans, nearly $100,000 for owed automobiles and $54,000 in unpaid rent. The duo’s monthly expenses left them $18,000 in debt each month.

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Joey Lawrence and his wife Chandie Yawn-Nelson attend the 2013 People’s Choice Awards Arrivals held at Nokia Theatre L.A. Live on January 9, 2013 in Los Angeles, California. Jennifer Graylock/FilmMagic

It was also noted in the initial court docs that the pair, who wed in 2005, sold clothes, accessories and furniture before they filed for bankruptcy. Lawrence’s three cars, a Ford Flex, a Bentley and a BMW, were repossessed at the time.

The Blast was first to report Lawrence’s bankruptcy cased closed.

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