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IN Celebrities ON 08 Sep, 2016
Living a lavish lifestyle and her habit of spending more than she could earn, the 'Love and Hip Hop' reality star Dawn Heflin confessed in a court that she is completely broke.
She was crying her heart out in the court and accepted that she owes people and agencies more money than she could ever earn.
On September 7, the 'Love And Hip Hop' star Dawn Heflin accepted in front of the court that she is bankrupt.
The reality star claims that she had less than $ 20 cash to her name.
Despite knowing the fact she is former career manager of Joseline Hernandez, how it is possible that she can go bankrupt?
The reality star filed for chapter 13 bankruptcy explaining that she has $ 235,719 as assets and her liabilities are $ 263,370.
Dawn Heflin listed a house worth $ 172k in which she has a 17k in mortgage arrears and owes $ 166k on the mortgage. She also has $320 in her checking account and $100 in savings. Apart from that, she owns $1k in clothing and shoes. In household goods, she has $1k while her car Lexus LS cost her $48k (and still owes $32k on Tahoe) and Chevy Tahoe worth $12k (she still owes $22k on it).
But, her debts list goes on as she owes $1400 in back taxes, $9k plus in credit card debt, and $ 3,305 on charging account with Neiman Marcus.
There's more she listed in the court; she owes $ 7,653 to the department of education for student loans, $ 4k to Macy's, $1,207 to a banana republic and lastly $1k to home depot.
The amounts that she mentioned are massive, and it must have taken a long time to build this amount of liabilities.
'Love and Hip Hop: Atlanta' star Dawn Heflin listed her occupation as 'reality star' and said that the show pays her $ 800 per week for her services.
Dawn Heflin posted a picture of chef creole on her Instagram and shared it on her Twitter account as well. It seems that she is enjoying her bankruptcy.
Dawn Heflin declared herself bankrupt yesterday in the court, and her fans, critics, and even her haters are commenting and creating buzz on social media about her poor money management, and the excess amount of money that she wasted on managing her celebrity lifestyle.