Montgomery Gentry Star Eddie Montgomery Has Gone Bankrupt

According to the The Lexington Herald-Leader, Montgomery Gentry star Eddie Montgomery filed for bankruptcy on December 31. He listed $13.4 million in liabilities and $1.9 million in assets.

Even though his group Montgomery Gentry had success with hits like “Gone” and “Lucky Man,” it was the restaurant business that he began with his wife as well as his divorce that created his financial problems.

The singer’s attorney, Jamie Harris, told the Herald-Leader, “Due to his divorce and the restaurant closure, Mr. Montgomery filed for Chapter 7 relief to address these ongoing issues. It is very common with individuals dealing with divorce and business closure to have to seek out bankruptcy relief.”

So far Mr. Montgomery hasn’t commented on the matter.


One Comment

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From Country Music News, Artists, Interviews - US99

Everything You Need For Festival Season

Listen Live