(EXCLUSIVE) Duane & Tisha Campbell Martin Hit With Lawsuit, Accused of Hiding Funds In $15 Million Bankruptcy Case

Duane Martin, Tisha Campbell Martin

Duane Martin, Tisha Campbell Martin

theJasmineBRAND.com exclusively reports, Tisha Campbell-Martin and her husband Duane Martin are being accused of diverting over a $200K in payments for her work on the ABC show ‘Dr. Ken’, in an attempt to hide it from trustee — and now the they have been slapped with a federal lawsuit by the trustee demanding they hand over the cash ASAP.

Back in January, the couple filed for Chapter 7 bankruptcy, according to Daily Mail, claiming they only had $313K in assets but were drowning in over $15 million in debt owed to creditors.
Their assets included $65K in real estate, $200 in cash on hand, several luxury vehicles and less than $200 in their bank accounts. The couple’s debt includes $3 million to Broadway Federal Bank, $9.5 million to the City of Los Angeles, over $100K in back taxes and various other million dollar debts and amounts owed to creditors.

They listed their monthly combined income as $7,655 but spend over $16K for their monthly expenses.

Then on April 1st, the trustee of the bankruptcy headed to court and slapped Tisha & Duane with a federal lawsuit demanding damages and a permanent injunction — for allegedly diverting money they made away from trustee.

The trustee explains — Duane is a television actor and movie star a Tisha is a television actress and singer.

According to the bankruptcy petition, they own 100% interest in a production company named XE Visions. The company produces music, music videos and ‘behind-the-scenes’ videos based on Tisha’s performances and XE Visions contracts with studios regarding her performances and receives payments for the shows.

A contract was entered into between XE and Woodridge Productions – a affiliate of Sony – who produce the ABC show ‘Dr. Ken’, for which Tisha is paid $45k per episode.

Tisha Campbell Martin

Two days after the couple filed for Chapter 7, the trustee says Tisha created another company named Won Hundred as a vehicle for rendering her acting services, despite her already running XE Visions that does exactly the same thing.

He accuses the couple of creating the new company for the sole purpose of diverting post-petition payments she was receiving for her work on the ABC sitcom. The trustee claims Tisha was paid $47,500 gross and $39,500 after she paid her agency. Further, he says that Woodridge issues 4-5 more payments to Tisha totaling $185K that are being held by her talent agency for some reason.

The trustee accuses Tisha & Duane of refusing to hand over the money, since he says the payments should have been made to XE Visions NOT their new company Won Hundred, since the contract she has with Dr. Ken states she is to be paid via XE Visions.

He is demanding the judge grant a permanent injunction enjoining them from spending, using, transferring or otherwise dissipating the payments to Won Hundred and any other property or assets of XE until the case has been fully decided. He is also seeking damages for their actions.

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Tisha & Duane have yet to respond to the allegations in the complaint. However, the same day the judge ordered the bankruptcy trustee to have full control over the companies until the case is decided.

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Authored by: TJB Writer