90 Day Fiance star Tarik Myers seems to be dealing with money problems and has filed for bankruptcy. SD acquired the case information and is only showing excerpts of the documents. It even indicates Tarik’s current relationship status with Hazel Cagalitan.
90 Day Fiance: Tarik Myers’ Bankruptcy Details Revealed
Tarik Myers filed Chapter 13 bankruptcy last month. However, the 90 Day Fiance castmate’s confirmation hearing is set for April 1st. The bankruptcy plan they set up will see him pay a total of $28,800. SD spoke to a bankruptcy expert about Chapter 13 and was told that it is a debt reorganization plan.
The 90 Day Fiance reality star seems to be having trouble paying his bills. But, since Tarik Myers still has a decent income, he may be trying to save his possessions, like his house and car. According to the bankruptcy expert, going for a Chapter 13 could stop foreclosures, auto repo and the loss of other possessions, which is why people choose it.
Our consultant also said that he could make too much to qualify for Chapter 7, which would wipe out all unsecured owings. But, if Tarik was behind on house or auto payments, he could lose them under that option However, it seems, he’s current on those obligations. Tarik Myers’ current debts exceed $100K and include a long list of creditors.
He owes money to many different places, including a credit card company, Children’s Hospital, and to the toll service EZ-Pass, which is a strange thing to claim in Chapter 13. Tarik also has an outstanding balance with a company that offers financing plans on furniture, jewelry, and other personal items. He even owes $4K each to the IRS for Federal Tax and the Virginia Dept of Taxation.
Tarik Facing Loss of Home?
Tarik Myers’ biggest past-due seems to be with the Homeowners Association of his residence. According to SD’s bankruptcy expert, the 90 Day Fiance TLC star could be dealing with a fine or penalty since his monthly dues are modest at just $65. But, since his back-debt to the HOA exceeds $10K, they believe that there must be more than just a backlog of standard fees.
HOAs do have the power to place a lien on the home and force a sale for past-due amounts. Tarik could have to move out if he didn’t settle this matter. Per our source, he could be trying to avoid that by claiming bankruptcy. He does owe money to a finance and credit company in which his house is listed as collateral.
The tax debts Tarik Myers from 90 Day Fiance owes are small, and he could get a payment plan for those from the IRS and state. But, HOA fees are generally considered unsecured (i.e., with no collateral). According to the bankruptcy expert, in Chapter 13, the filer can often avoid paying anything on it — or just pay a small amount. That could be what Tarik is hoping for with his case.
90 Day Fiance Celeb Sending Money to Wife Hazel Cagalitan’s Son
On the show, Tarik Myers said that he was a realtor. But, in the court papers, he lists himself as an “Exhaust Hood Tech” for a repair business. But, it looks like that job might be on hold since he says he’s not generating any income from that gig. However, Tarik’s file says he’s been working there for 10 years. He also lists around $2,300 as rental property income.
As for the 90 Day Fiance cast member’s income from the show, he puts down a little more than $1,400 a month. Tarik Myers included Sharp Entertainment as an additional employer for the past three years. The petition also confirms that Tarik Myers did marry Hazel Cagalitan. He also reaffirms the marriage by listing his “non-filing spouse” as “not employed”.
This means that he isn’t registering a joint case with her. That makes sense as Hazel wouldn’t have any debts in the US since she just got here last year. Also, Tarik’s papers show that he does send $100 a month to Hazel’s son back in the Philippines. Currently, one of the creditors filed a claim disputing Tarik’s $800 a month repayment plan. So, he faces court in two months to try and work it out.
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