Duane Martin Net Worth: Everything About His Bankruptcy And Divorce

Duane Martin’s net Worth

Duane is an American actor, television, and real estate agent with over $500,000. His marriage to Tisha Campbell, an actress, and his 2016 bankruptcy filing is most famous. Tisha and Duane filed for bankruptcy in 2016, two years after they separated. According to the filing, the couple owed $15.1 million and had very few assets.

Duane Martin was born in August 1965 in Brooklyn, New York. He was a college basketball player at New York University. In 1989, he was undrafted and signed as a free agent to the National Basketball Association’s New York Knicks. He was cut, but he did not play in the NBA.

So he concentrated on acting. In 1990, he made his first TV appearance in Moe’s World. His film debut was in 1992’s basketball movie White Men Can’t Jump. He also appeared in the basketball-related film Above the Rim.

Martin was a star in Down Periscope and screamed 2. He was a regular on the television shows Out All Night and Getting Personal, All of Us, Rita Rocks, and The Paul Reiser. Duane was featured in the Boyz II Men video “I’ll Make Love to You.”

He was a star in the 2013 TV series Real Husbands of Hollywood. Tisha Campbell Martin, a star in Martin and My Wife and Kids 1996, became his wife. They have two songs together. Duane was nominated for the Daytime Emmy Award and an NAACP Image Award. He also received two BET Comedy Awards nominations.

Divorce and Bankruptcy

Tisha Cambell filed for Chapter 7 bankruptcy on April 4, 2016. The couple claimed that they were drowning in $15m worth of debt and had only $313,000 in assets. They listed $65,000 worth of real estate and $248,000 worth of personal property as their assets.

Their monthly income was $7655, and their expenses were $16,953. They have a Range Rover 2014, Range Rover 2016, and a Jeep Wrangler.

They owe $15.145,387 to various creditors, including $3 million to Broadway Federal Bank for a loan on real estate and $9.5M to the City of Los Angeles as a personal guarantee. They also owe back taxes over tens of thousands of dollars.

After 22 years of marriage, Tisha filed for divorce from Duane in February 2018. Tisha claims she has assets worth $1.5 million but no steady income. Tisha claims her monthly expenses are $33,000, while Duane’s income is $62,000.

Tisha said that Duane concealed money during their marriage. Tisha also claimed Duane owned $750,000 of t-shirts (500 shirts worth $1500 each).

Tisha and Duane finally divorced in December 2020. The settlement stipulated that neither the spousal nor child support would be paid to either party. Tisha was permitted to keep a leased house, and a 2020 BMW leased. Duane was allowed to keep his own leased home, a leased Bentley, and two motorcycles.

Real estate

In 2009, it was reported that Tisha & Duane had sold a property at Lake Arrowhead in California for $1.597million. The couple purchased the property in 2004 for $880,000. It boasts 3,858 square feet of living space. A slip dock allows water access for anyone with a boat. The couple purchased a Chatsworth property for $900,000. This became their primary residence.

Duane was required to sell the Chatsworth property as part of his bankruptcy settlement. This was to repay various debts, including a $1.5million loan from Will Smith. Tisha Campbell attempted to stop her husband from getting any proceeds from the Chatsworth property sale. Tisha argued against Duane’s debt and forced him to sell his family home.

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