Dina Lohan, Lindsay Lohan's mom, files for bankruptcy, citing more than $1.5M in debt
Lindsay Lohan’s mom, Dina, is dealing with the some serious debt.
TMZ reports that Dina has filed for bankruptcy, citing $1.6 million in debt that she’s unable to pay. However, the Blast contends that the amount Dina owes is actually more than $1.7 million. Either way, that’s a big bill.
Most of the debt is reportedly money that Dina borrowed to keep the Merrick, N.Y., home where Lindsay spent part of her childhood. Dina has had trouble paying for the place for years. In January 2017, Realtor.com reported that JPMorgan Chase had sued her for missing payments three years earlier. The two sides worked out an agreement and put the lawsuit on hold for awhile, but a court approved a foreclosure on the property in April. TMZ reported that the house was scheduled to go up for auction Tuesday. However, the bankruptcy filing puts that on hold.
Dina bought the house for $650,000 in 2004, the year Lindsay starred in the hit movie Mean Girls. Realtor.com put its worth at more than $892,000 in January 2017.
As for the other amounts Dina owes, they reportedly include $4,600 in taxes to the state of California; $9,000 in taxes to New York; an undetermined amount to Victoria’s Secret; and $10,000 to Honda.
Dina’s actress daughter has had financial struggles of her own. The IRS even seized Lindsay’s bank accounts in 2012, because she owed $233,904 in back taxes. At the time, Charlie Sheen, who co-starred with LiLo in Scary Movie 5, gave her $100,000 to help her pay off her debts.
At least Lindsay can offer her mom emotional support. They haven’t always had an easy relationship — living their lives in public could not have helped — but they seem to be on good terms now.
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A post shared by Lindsay Lohan (@lindsaylohan) on Sep 15, 2018 at 2:06pm PDT
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