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Olsen Dad To File For Bankruptcy?

| Filed under: Olsen Twins

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They can't help their father out???

What the hell?

Mary-Kate and Ashley Olsen's dad David has filed for bankruptcy and is now facing foreclosure on his home in Tarzana, California.

A source reveals:

"David almost lost his home in 2009 because he had several tax liens but managed to borrow enough money to cover them. But he's in a worse position now because he's behind on mortgage payments and won't be able to stop the auction unless he gets his hands on $2 million."

If David and his second wife McKenzie don't come up with the money by July 9, they will be forced out of the house and it will be sold off at public auction.

Well we know the girls have the money — but maybe there's some bad blood with Daddy Olsen?

[Image via WENN.]

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57 comments to “Olsen Dad To File For Bankruptcy?”



  1. 1

    Mario, you're SUCH a twat… If he got a loan a year ago, and STILL couldn't manage his money…maybe they're WISE for NOT loaning him any more!!! If YOU'RE so worried about him, how ’bout YOU send him some?!!? Oh! That's right!!! My bad!! It's because this story isn't about Lady Gaga!!



  2. 2

    Maybe he's a mooch who has used them countless times.
    You post without actually thinking. Idiot.



  3. 3

    That is sad!!!! I wonder why they didn't help their dad out? Honestly the only exception for not helping your own dad out would be if he is a felon OR if he use to abuse you or a loved one. Other than that I would help my dad out even if I didn't like him.



  4. 4

    Maybe their father was their Joe Jackson.



  5. 5

    Maybe their father doesn't want to put her daughters in such a position.



  6. 6

    Maybe their father FUCKED them before ?!?



  7. 7

    Maybe he doesn't want money from them. Some men are too proud.



  8. 8

    I read an interview about this. The girls are angry because their father divorced their mother and then a month later married his secretary… and MK is still shitty he put her in rehab a few days before her 18th bday..



  9. 9

    The only bad blood with daddy Olsen is his own. The man is an irresponsible that don't know how to manage his own money and, is playing the look at me poor me card to get his kids to pay his bills. If those girls go around lending money or giving money to anyone that gives them a sad story, even family members, they will be in the same predicament that they are, broke beyond grace. Apparently, since they are in the face to face knowledge of what is going on, they refrain to "help" daddy. Maybe they have first hand knowledge of what an irresponsible troll he is and they are not going to jeopardize their hard earned mula on him. Sad or not is their money and they do what they want with it.



  10. 10

    Maybe they could pay off this loan, then set up a monthly allowance for him, just enough so he can rent an apartment and pay for normal expenses. And that's it. It won't matter that much to them financially and they would have done their duty. If he blows his allowance before the end of the month then too bad for him.



  11. 11

    Why would his ass buy a house that is worth $2 million when he knows his ass ain't worth it? Plus, he probably was able to buy the house because he said the Olsen twins were his daughters. As much as I can't stand looking at either one, I don't think they owe him anything, either.



  12. 12

    Geez what self-respecting man would take money from his daughters? Hey Perez lots of parents don't mooch off their kids and they find their own way out of bad financial situations intead of letting their kids support them.



  13. 13

    Well, when you live BEYOND your means this shit happens. Why should they have to pay for his bad financial situation? Entitlement works both ways!



  14. 14

    Whatever. It is their money. Obviously, there is bad blood between them; otherwise, they would have helped him. He is the father and his children know how to manage their money better than him? That is sad. My guess is, he is the one putting this out to try and make them look bad for not helping him. I don't blame them, though. I know first hand that sometimes family will do you in worse than the people in the street. I don't understand why people think being rich means you HAVE to take care of everybody in your family. Look what that did to MC Hammer. And, if what the poster above said is true, I wouldn't help his sorry ass out either. Daddy fucking his secretary. Big shocker there. Let him and his whore figure out their own problems.



  15. 15

    good golly!



  16. 16

    or maybe he's a loser who can't handle his finances.



  17. 17

    Why should they give their father anything? Clearly he can't manage his expenses. He is also married. So, theoretically, there should be two people who have jobs in that house. If neither the father nor the stepmother want to work, why should the twins pay their mortgage?

    It's not the twins responsibility to fund their stepmother's Botox treatments, or pay for private school for their half-siblings. Both dad and stepmom need to find a job. The dad dumped their mom for a younger model. Now he's paying for it. Boo hoo.



  18. 18

    Par for the course with these Olsen FREAKS. Shoudn't they be off somewhere, looking for potato sacks to wear. B0-HO chic…yeah, right. These two little WHORE coke-heads wouldn't know high fashion if Karl Lagerfeld himself turned straight and F$#Ked them both….Just say'n ….



  19. 19

    shades of every child stars life. The parents whore them out as kids, live like kings and when their gravy train leaves the station… foreclosures all around,



  20. 20

    Help ypur father, stupid trolls!



  21. 21

    these two cute little twins could be like the gremlins all cute and cuddly one min but if u gross them can see them transform into gremlins with hatred on the mind and snickering away

    im sure they would help the dad out if they thought he deserved it clearly the gremlin mode has set in instead so he must of annoy the cute fluffys and poured water on them



  22. 22

    The Twins are stuck in the Twilight Zone.



  23. 23

    If he needs to come up with $2mm, he's obviously grossly mismanaging his money. Only a jackass would waste that much money by paying off his debts.



  24. 24

    Re: Be-Atch – they aren't whores. they worked their ASSES off for their BILLION dollar empire. from fucking INFANCY. thats obviously more than their father can say.



  25. 25

    Re: duhjovijr – well said.



  26. 26

    Re: Mushu Baby – bullshit , my father took money from me and a car , some people just need help , my father was also a felon , he was a forger , never hurt an individual , except me . i still take care of and do anything i can. again some people are sick , or just in trouble . you may keep them at arms length , but it is no excuse not to help. just plain selfish and cheap ,look at those girls , cheap and tacky , and self obsessed . the parents made those kids !!



  27. 27

    Where the hell did their careers even go? I haven't seen them in ANYTHING since like 2004's " A New York Minute"…Now I'm always seeing them in the tabloids where shit that makes them look homeless..Over sized pants, tops, hats, carrying over sized coffie's and oversized blankets no make-up on with 2 - 3 in roots in their hair, they just don't seem to care anymore….It's tragic, they really were pretty when they took care of themselves…



  28. 28

    New tell-all book, "Inside the Secret Lives of the Olsen Twins" by Daddy Olsen…3…2…1…
    -



  29. 29

    Daddy Olsen,
    -
    Why don't you spend your way out of your lack of cash dilemma?
    You need to increase your debt.
    You're not spending enough.
    Obamanomics, man.
    Go shopping…It's the new fun way of fixing a shortage of cash.



  30. 30

    I am sure they have helped him out many times……….maybe he buys drugs with the money……who the hell knows? The guy has tax liens…sounds like he's a bit shady anyways. You make it sound like the Olsens should be obligated to bail his azz out….but I don't think that should be expected of them. If they do it…..great. If not, I am sure they have their reasons. I am sure if they bail him out now….he'll just take advantage and have to be bailed out again. People don't change.



  31. 31

    Since when is it the childrens responsibility to pay for their parents bad debit? Who cares if they have the money or not, I have heard their dad is a shitbag anyways.



  32. 32

    Re: bunny v – sounds like your a glutton for punishment!



  33. 33

    The bottom line is as an adult I dont expect my parents to help me out financially anymore and they dont expect me help them either. Thats how life is suppose to work dosent matter if you are rich and famous or your average joe.



  34. 34

    maybe its a strategic foreclosure?



  35. 35

    Or maybe there is no way in hell he'd take their money. Only complete twats look to their kids to support them or bail them out.



  36. 36

    Why the girls have to give him the money? He needs to live within his means.



  37. 37

    Re: duhjovijr – They are WHORES ! And, didn't one of them murder Heath Ledger by supplying all the drugs he O.D.'d on … ? And to say they worked their ASSES OFF ! ? Give me a break! ! The two little twats licensed their image and names to a crap clothing line (likely made by children in a 3rd world country) to WAL=CRAP departments store, did a bunch of stupid videos when they were 'cute' (and that was a loooong time ago!), and gnerally just lucked out in the gravy train department. Both of them are as stupid as door knobs - couldn't complete higher education. And now, they dress like homeless people. I don't see a future for them, other than Re-Hab, AGAIN ! FREAK SHOWS ! Both of them !



  38. 38

    Because he was a sleazeball who was fucking everything in sight.Re: Be-Atch – Your repetitive posts against any succesfull female are getting on my nerves. Ok we get it, you're a lazy, ugly fatass who hates all women and calls them whores and sluts so you can feel better about your pathetic self. Change tune.
    Re: bunny v – get your head out of your ass. Parents are always responsible for the kids , not the other way around . So what if he 'made' them ? He didn't do them a favour, it was his choice. Shut up already. Blood bonds don't mean shit if the person is a deadbeat and just because YOU are a pushover doesn't mean that everyone else has to be one.



  39. 39

    Re: Canukian – Kate Gosselin does.



  40. 40

    Re: ParalyZzzZzer – "Your repetitive posts against any succesfull female are getting on my nerves."
    -
    -
    -
    Be-Atch's repetitive posts, are only because Mario repetitively posts about the same "stars" that are usually losers and the conclusion, is what it is.
    -
    Having a successful career doesn't mean one is immune to being a loser, in other areas of their life. Think: Lindsay Lohan, Tom Cruise, Keefer Sutherland, Mario, Tiger Woods, Bill Clinton, Al Gore, John Edwards, Elvis Presley, Michael Jackson, David LettermanStaffFucker and all the Kennedys.
    -
    You could decide, from this moment forward, to not need to read
    Be-Atch's posts any longer…or you're to stupid to know your stupidity?



  41. 41

    Re: ShoeWhore – "Maybe their father FUCKED them before ?!?"
    -
    -
    As good a guess as any.
    Sexual abuse by a father is more prevelant than we care to admit and is always a possibility.
    There's always a good reason why a kid won't talk to their parents.
    The parents bad behavior pushed the kid 'over the cliff', so to speak, and went on to "divorce" them from their lives.



  42. 42

    Maybe it's not anything quite that dramatic and simply that saving this particular house doesn't make sense financially? It would be a different story if once he's foreclosed on, he's in a shelter or literally on the street.



  43. 43

    They should boil these two things in oil!!! UGH



  44. 44

    People STILL don't get it! THE OLSENS HAVE NO WORK AND NO MONEY!!! IT was all PUBLICITY!!!!!!! WHy doesn't someone really go FIND OUT!!!

  45. whoev says – reply to this


    45

    I'm just curious as to the average education level of posters to this site. By now, shouldn't you know the difference between "your" and "you're" and "to" and "too"? Does anybody punctuate anymore? And doesn't anybody spell check? Seriously, reading a lot of these comments is like reading a nasty 3rd grader's essays. Plus, the fact that you have such passionate opinions about the Olsen twins and their father is oddly disturbing.



  46. 46

    Re: whoev
    Aw oh. The "Speling and Pung2ashun" Police are watching us.
    -
    U r rite.
    Peeple can't spell anymor.
    The yonger people hav problems bcuz of our crappy schools today.
    -
    Us oldr peeple, well I'm jus drunk, like a lot of the othr loosers here most of th time.
    -
    Hay, we'all cant bee Harvard gradjewites like our Precedent.



  47. 47

    Bring yourself up to speed before you blog on stories like this!

    Do some research. They don't owe him ANYTHING.

    He was horrible to Mom and them, and Mom raised them.



  48. 48

    oh good now they can eat him and make a sweater out of his skin



  49. 49

    Why should they bail him out? He's already proven he's irresponsible with money, so they give him the $$$$, bail him out and what does he learn….nothing. He's a freaking adult. Adults don't ask their kids to fix their financial problems.

  50. whoev says – reply to this


    50

    Re: luvstotango – I'm probably younger than you. I didn't go to Harvard - just high school. Apparently, it was a better high school than yours. Your misspellings aren't even clever.



  51. 51

    Re: whoev
    Actually, I find that your visit to this blog, used primarily for disccusing celebrity gossip, to identify the grammatical shortcomings of this country to be a little odd and misplaced.



  52. 52

    Only in America.



  53. 53

    Re: luvstotango – actually, that's EXACTLY what Bush recommended as president. Shop to improve the economy. Look it up.



  54. 54

    After all their plastic surgery, lip blow-ups & cheek implants, they don't even look like their father anymore. So why give him any of their $$$$$$. They need to hang on to it to buy themselves designer bags, drugs and further plastic surgeries. They've got waaaaay better things to do with their jack than give it to their father.



  55. 55

    MAYBE HER FATHER IS LIVING TOO HIGH AND OVER HIS HEAD!!! THAT'S IT!!



  56. 56

    Do you have any idea how much he got when the girls bought their parent's out? Many millions!



  57. 57

    Andalious says –

    Where the hell did their careers even go? I haven't seen them in ANYTHING since like 2004's " A New York Minute"…Now I'm always seeing them in the tabloids where shit that makes them look homeless..Over sized pants, tops, hats, carrying over sized coffie's and oversized blankets no make-up on with 2 - 3 in roots in their hair, they just don't seem to care anymore….It's tragic, they really were pretty when they took care of themselves…

    ^^^^^ Uh, you're kidding right? They have DualStar, which does $1 billion a year and they have three extremely successful clothing lines. Hellooooo??