Here's how actor Joey Lawrence went bankrupt

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Actor Joey Lawrence and his wife Chandie Yawn-Nelson have filed for bankruptcy.

According to documents filed in July 2017 and first obtained by The Blast, Lawrence and Yawn-Nelson, who married in 2005, only had $8,000 in the bank at the time of filing and just $60 in cash.

While Lawrence had made $534,000 in 2015, part of the problem was that he had earned far less in 2016, taking home only $58,000. The Blossom alum — whose Freeform show Melissa & Joey ended in 2015 — says he made an average of $6,966 a month, including $2,500 in residuals.

His wife, Yawn-Nelson was listed as unemployed.

The couple’s monthly expenses were far much more: $25,505.35 total, per the documents, leaving them $18,539.35 a month in the red.

That included rent ($13,500), water and sewer bills ($1,281), food and housekeeping supplies ($2,400), entertainment ($1,000) and two car leases ($2,348 and $498).

On top of that, they had $355,517.27 worth of liabilities — including $132,000 in credit card bills, $100,000 owed for automobiles, $88,000 in back taxes, $54,000 in unpaid rent, and $32,000 for an unpaid loan.

Assets for the duo’s personal property were listed at a total value of $43,907.32.

Those assets included $4,200 in household goods and furnishings; $650 in holiday decorations, family artifacts and a hope chest; $1,485 in electronics (four televisions, three DVD players, two iPads, a stereo system and an old computer); $350 in exercise equipment and bicycles; $3,500 in clothes, shoes and handbags; an $2,500 for a men’s 1981 Rolex Datejust watch, a woman’s watch, wedding ring bands and other jewelry.

There were also three cars: a 2014 Bentley, a 2016 BMW i8, and a 2105 Ford Flex, which were listed as being repossessed.

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