Reality TV star files for Chapter 13 bankruptcy
Chapter 13 bankruptcy is the latest development in the life of reality TV star Dawn Heflin that might interest Florida fans. Documents say that she owes over $263,000 and has assets worth $235,719. This includes $320 in checking and $100 in savings. She also has a house with a value of $172,000, households goods and clothing worth $1,000 each and two vehicles that are worth about $60,000 in total.
Heflin appears on the reality TV show “Love & Hip Hop Atlanta” as the former manager of Joseline Hernandez. Reportedly, she makes a total of $4,004 per month in income. She says that she has just over $1,100 after expenses monthly, and she has been on SNAP assistance in the past.
Her debts include more than $50,000 for both vehicles, $166,000 on her home and $17,000 in mortgage arrears. She has $9,000 in credit card debt and owes over $9,000 on various retail charge accounts. She also has a student loan debt of $77,000. However, in an online feud with another cast member, she posted a photo of her Rolex watch.
People who are struggling with debt might want to discuss bankruptcy possibilities with a lawyer. Some people have misconceptions about the process such as thinking they will always lose their home or be unable to rebuild credit. With a Chapter 13 bankruptcy filing, a court-approved repayment plan allows debtors to keep some or all of their assets. This can be one way to obtain much-needed relief while putting an end to creditor harassment and wage garnishments.
Source: Wet Paint, “‘L&HHATL’ Star Dawn Heflin Files For Bankruptcy,” Nina Bradley, Sept. 9, 2016