Tisha Campbell-Martin and Duane Martin have to turn over financial records to a judge who’s ordered them to prove they haven’t squirreled away thousands of dollars while claiming they’re broke.
On April 9, a judge in the couple’s ongoing bankruptcy ordered Duane and Tisha to turn over all accounting for residuals they were paid from the date they filed for bankruptcy until now.
As we previously reported, the Trustee of the Martins’ bankruptcy accused the couple of hiding $50,000 by diverting the money coming in from Tisha’s residuals and wanted the court to sanction them.
The Martins previously cut a check for $125,000 to the Trustee to try to buy back the rights to her residuals. The Trustee took issue with the payment, which was made late, and alleged there was a misunderstanding over what the money was for.
According to recent documents obtained by The Blast, Duane and Tisha will not be sanctioned by the court. However, the trustee will continue to collect all residuals and the Martins won’t see a dime, for now.
If the accounting reveals the pair owe money, they will have 30 days to pay it. If they don’t, the difference will be paid back to them from the $125,000 check.Duane has stated in court documents that he “had problems determining what amounts might be owed to the estate” when he delivered a check for Tisha’s residuals. He says the blunder falls squarely on his shoulders: “Prior to our separation, I handled the family finances and business finances by myself. I recognized then that I was not capable of preparing an accounting by myself.”
Tisha famously starred as Gina on the hit sitcom “Martin.” The couple split at the end of February after decades of marriage.