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This Reality Star Just Filed For Bankruptcy - For The Second Time!

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Lorenzo Lamas

An alliterative reality series stuffed the Kardashian Krew’s pockets full of cash but the same wasn’t true for poor Lorenzo Lamas!

The Leave It To Lamas star (also on E!) is reportedly broke once again! The 56-year-old out-of-work actor has filed for bankruptcy for the second time in ten years!

So sad!

Lorenzo recently wrapped filming Celebrity Apprentice but unlike the regular version of the show, the winner doesn’t get a million dollar check! All the star contestants play for their favorite charities!

We wonder if Lorenzo can include himself??

Court documents released this week show that Lamas is more than $322,000 in debt and list him as having ZERO income per month!

The former soap stud has just $9,100 in assets including books, clothes and the $430 left in his checking account!

And most of what he owes is to his many ex-wives!

Mr. Lamas has had 4 Mrs. Lamases throughout his life! He also has six children, three of whom are still minors!

What. A. Mess!

To make matters worse, his new wife, Shawna Craig, is reportedly only making $2,400 a month as a secretary!

One thing that confuses us though is why Lorenzo is saying he has zero income? Even though he doesn’t get the grand prize at the end of The Apprenctice, he DOES get an appearance fee!

So where is that on his bankruptcy papers?

Also, we know that Lorenzo has three movies coming out this year, including a flick called American Beach House that he did with Mischa Barton!

We doubt he did that for charity too.

We hope you can get back on your financially stable feet soon, Lorenzo!

[Image via TNYF/WENN.]

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3 comments to “This Reality Star Just Filed For Bankruptcy - For The Second Time!”

  1. misty says – reply to this


    1

    wow did he ever age badly….

  2. Rodney says – reply to this


    2

    I admire Lorenzo Lamas , he has devoted much time and energy to so many charities , I'm sorry to hear that he is that he is facing financial problems, perhaps, if he were to establish an assistance fund many of his fans ( of which I am one ) would be prepared to help out

  3. Ross says – reply to this


    3

    Re: Rodney – I agree with Rodney's comments, Lorenzo Lamas is A truly great American, a credit to his profession And community, I hope he can overcome his present problems as he has been so generous in the service of others