TMZ.com:
"Real Housewives of Beverly Hills" cast member Taylor Armstrong has a husband who has a lot in common with a big celebrity ... sadly, it's Toni Braxton.
Russell Armstrong filed for Chapter 7 bankruptcy back in October of '05, this according to docs filed in U.S. Bankruptcy Court and obtained by TMZ. The problem was simple ... Armstrong, an investor, said he had less than $50,000 in assets and debt somewhere between 1 and 10 million bucks.
Russell, who has been married to Taylor for seven years, says in the docs he made a boatload during the 1990's "dot.com boom" but took a huge financial hit when everything crashed. And it went from bad to worse after 9/11, with an IRS dispute and a "costly" palimony lawsuit filed by a former fianceé.
Looks like Taylor took the "for richer or poorer" part seriously.
A rep could not be reached for comment.
It just goes to show anyone can be subjected to the bankruptcy filing. Even those who seemingly have a perfect life on these reality shows are still susceptible to a financial fallout. If you are looking for information on bankruptcy, check out http://tofilebankruptcyornot.com/2010/06/reason-people-file-for-bankruptcy-and-tip-1-buy-a-house-you-can-afford/
ReplyDeleteThis was five years ago.... times have changed... I live in LA I see the Armstrongs in the Platinum Triangle.. They have bling, cars, and a mansion... I think they are ok now
ReplyDeleteIt just goes to show??? Are you kidding me? These people can just file bankruptcy and spend to their hearts desire....they file chapter 7 and will STILL be way better off than most people in this country-ridiculous. They should have taken all the money they spent on their faces and put some towards charity or maybe safeguarding their lives so this doesnt happen....plastic people, faces, and lives.
ReplyDeleteIf they are doing so great, why do they RENT a house, after all, Taylor said her husband has MORE MONEY THAN TEXAS. She is as fake as her implanted lip.
ReplyDeleteWhat kind of kooks spend $60,000 on their 4 yr old daughter's birthday party, when just 5 yrs ago they couldn't pay their bills?
ReplyDeleteher husband is a big fat bore!! id rather be poor than live that way.
ReplyDeleteHer husband is boring?!?!?!?! Come on! Just because he does'nt want to hang out with all of those dysfunctional people does'nt make him boring. By the way, GOOD JOB Taylor!!! Your lifestyle and the way you and your effed up housewife friends acted, along with your extravagant spending is what pushed Russell over the edge. Why didn't you just hang yourself? Everybody would have been better off. Russell included.
ReplyDeleteI think she "figuratively speaking" is doing just THAT now!!
DeleteHopefully, an adult will step in to care for the REAL victim(s) here, the children.