Erin Heatherton, a former supermodel for Victoria's Secret, has filed Chapter 7 bankruptcy. She currently has around $6,500 in assets and around $560,000 in debts.
Her monthly income is $1,089.91, with $221 coming from family/friends. She has $1,074 in monthly expenses. She also has $919 in her checking accounts. In 2016, she sold her NYC condo for $2.86 million.
Her assets are $750 in electronics, $995 for a vintage Japanese jacket, $500 in other apparel, and a $945 diamond necklace. Heatherton made $226,596 for 2017, $18k in 2018, and $2,820 so far in 2019.
Her debts include three credit cards for a total of $215,601.49. She also owes $201k to City National for a line of credit and $41k in back taxes to the state of New York.
Heatherton also owes $100k in unpaid legal fees from when her business partner sued her for going on a vacation with her boyfriend instead of starting the sportswear line they had planned.
Do u have credit card debt?