Actor Joey Lawrence, who has worked professionally since the age of six, got into so much debt that he and his wife sold the clothes off their backs in an attempt to make ends meet.
Her last TV stint on Melissa & Joey ended in 2015, after which her finances collapsed and he left her over $ 355,000 in the red.
Lawrence, 41, and his family sold their furniture, handbags, wallets and even clothes in a last ditch attempt to pay their bills before he and his wife Chandie Yawn-Nelson filed for Chapter 7 bankruptcy in July.
Joey Lawrence of Blossom filed for bankruptcy attorney after dropping $ 355,000 into the red after the end of Melissa & Joey; he is pictured with his wife Chandie in 2013
It’s Over: With Melissa Joan Hart on the set of Melissa & Joey, which was canceled in 2015
Hustle: The actor sold $ 4,000 worth of clothes in a last-minute effort to pay his growing bills
While Lawrence’s assets totaled $ 43,907.32, he owed $ 355,517.27 in taxes, rent and credit card bills.
The couple searched for cash wherever they could, ranging from selling furniture at a consignment store for $ 1,836.70 to selling their clothes at a thrift store for $ 4,325.10, according to court documents obtained by The explosion
The couple even posted items on eBay.
However, that didn’t help much, with Lawrence bringing home only $ 6,966 a month in income and residue, but facing $ 25,505.35 in expenses.
His bankruptcy is a strange echo to his character of Melissa & Joey – which spanned five seasons – where he played a former commodities trader who lost everything and also became embroiled in financial trouble.
Their documents reveal the couple, who have two children, were in the red for $ 18,000 a month.
The family ran into financial difficulties after the end of Melissa & Joey.
Family: The couple, seen in 2010, have two children together
Child star: Actor as Joey Russo on the set of Blossom; he has been working professionally since the age of six
On the show, he received a reported income of $ 534,000 in 2015.
The following year it was $ 58,000.
The lack of income was not enough to pay their family’s monthly rent of $ 13,500.
Lawrence and Yawn-Nelson owe $ 88,000 in back taxes, $ 132,000 in credit card bills, $ 32,000 on an unpaid loan, $ 100,000 for their cars and $ 54,000 in unpaid rent, the documents show .
The couple are said to have gone bankrupt after falling behind in paying their rent and their three cars – including a Bentley and a BMW – were seized.
In January of this year, court documents were filed indicating that Lawrence’s company, Veritas Inc, had been auctioned for $ 56,000, giving the buyer the rights to all royalties and residues for his work before the filing for bankruptcy.
The debt has been discharged by the court, although bankruptcy remains pending.