June 27, 2010

Olsen Twins Dad: Bankrupt

The Olsen twins have made millions and millions of dollars, but apparently their dad has not managed his share too well, as he is reportedly filing for bankruptcy.

According to the National Enquirer, who are usually correct much as people hate to admit it. "David almost lost his home in 2009 because he had several tax liens but managed to borrow enough money to cover them. But he's in a worse position now because he's behind on mortgage payments and won't be able to stop the auction unless he gets his hands on $2 million."

The Olsen Twins are known for their smash hit tv shows and movies, that made a huge fortune from young girls in the days before Miley Cyrus and the Jonas Brothers. Whatever happened to those guys, by the way?

Olsen Twins Dad: Bankrupt
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MARY-KATE and ASHLEY OLSEN's father has filed for bankruptcy and is facing foreclosure on his California home, according to a U.S. report. David Olsen, who fathered the billionaire twins with his first wife Jam ie, has fallen behind on payments for his property in Tarzana and owes the bank almost $2.2 million. According to documents obtained by the National Enquirer, the stars' da d and his second wife McKenzie will be forced out of the house on 9 July (10) if they fail to settle their debt and the property will be sold off at a public auction. But it's not the first time Olsen Sr. has faced financial difficulty - he reportedly struggled to cover his tax debts last year (09) too.

Posted at June 27, 2010 3:02 AM