And so it begins. Taylor Armstrong finds herself the first victim of the ‘Housewives Curse’ as a new report by TMZ reveals her husband, Russell Armstrong, filed for bankruptcy in 2005.
According to TMZ, the husband of the Real Housewives of Beverly Hills star, who can also be seen on the show looking totally disinterested in his wife, filed for Chapter 7 bankruptcy back in October 2005.
Russell, who is an investor, said in court documents that he had less than $50,000 in assets with his debt being somewhere between the 1 to 10 million range.
As for the reason for the bankruptcy filing, Russell revealed he earned a ton of money during the 1990’s “dot.com boom” but apparently took a huge financial hit when everything crashed. Things also went from bad to worse following 9/11, an IRS dispute, and a “costly” palimony lawsuit filed by a former fianceé.
Russell and Taylor have been married for 7 years.