Report: Former 'CSI' Star Gary Dourdan Files for Bankruptcy
The actor is filing for bankruptcy in California, likely to protect his home and assets
Former "CSI" star Gary Dourdan (the light skinned brotha with the "pretty eyes") has filed for Chapter 11 bankruptcy, according to TMZ.
The site reports that Dourdan filed papers on Aug. 30 and according to the court documents he has a little over $1.8 million in assets but owes creditors $1.73 million.
In March, Dourdan sued Union Bank, the owner of his mortgage, alleging that the bank was violating his legal rights by refusing to offer him a loan modification and lower his payments after he lost his job. He had taken out a $922,000 mortgage in 2004, but court papers discovered by TMZ show he now owes $1,689,704 million to Union and other banks.
Dourdan's lawsuit claims Union Bank was required to give him a modification under California law, but apparently a judge didn't se it that way.
In the bankruptcy filing, Dourdan lists as his assets as just $200 cash, $3,000 in a bank account, $4,000 in furniture, $200 worth of books, $1,500 in clothes, $500 in watches and a 2006 Dodge Charger worth $7,000. The actor says his disposable income is only $321 a month, claiming his bills ($14,562 a month) eat up just about all of the $14,883 he pulls in on average.
Filing for bankruptcy immediately halts any foreclosure proceedings a bank may be attempting. The filing keeps creditors from seizing his assets immediately and the bank from taking his house.