Erin Heatherton Reportedly Has Over $500,000 In Debt, Has Virtually No Income

David Hookstead | Smoke Room Editor-in-Chief

Model Erin Heatherton sounds like she’s in some major financial trouble.

Heatherton is one of the most famous models on the planet. She is so famous that she dated one of the most respected actors of all time: Leo DiCarpio, which makes this whole situation even more mind-boggling.

Not only is her situation bad, but her bankruptcy filing paints one of the worst financial pictures I’ve ever seen. (SLIDESHOW: These Women On Instagram Hate Wearing Clothes)

 

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The Blast reported the following details on her situation:

According to court documents, Heatherton – real name Erin Bubley – filed for Chapter 7 earlier this year, listing $6,465.57 in assets and $560,242.13 in liabilities.

Erin and Leo dated from December 2011 until October 2012. The docs note in 2010, the model took out three credit cards with City National Bank. She currently owes $11,514 on one card, $9,485 on another and $194,602.49 on a third for a total $215,601.49.

She also owes another $201k to City National for a line of credit, $100k from a legal battle with a former business partner, and $41k in back taxes to the state of New York.

You probably think she’s making a lot of money because she’s famous and even dated DiCaprio at one point. Well, if you think that’s the case, I’ve got some news for you. According to The Blast, Heatherton listed her income for 2019 in the bankruptcy filing as only $2,820! (SLIDESHOW: 142 Times Josephine Skriver Barely Wore Anything)

I honestly have no idea how that’s even possible. No idea at all. (SLIDESHOW: 71 Times Samantha Hoopes Stripped Down)

 

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Here’s some free advice for everybody out there. It’s shockingly simple to follow. Don’t spend money you don’t have. I believe I was four or five years old when I learned that fun fact. It’s paid off big time ever since. (SLIDESHOW: This Blonde Bombshell Might Be The Hottest Model On The Internet)

Heatherton is 30. Seems like somebody along the way should have told her this. I — a young David Hookstead — understood the concept of money before being in school, it’s mind-boggling that a famous model doesn’t have access to a good financial planner. (SLIDESHOW: 60 Times Abigail Ratchford Wore Almost Nothing)

Seriously, how do you bring in virtually no money and rack up so much debt? It’s truly stunning.

 

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I don’t know how she plans on getting out of this. Modeling opportunities don’t exactly fall out of the sky for women in their 30s. I’m sorry if that sounds harsh, but it’s absolutely true.

Might be time for Heatherton to pick up the phone and give DiCaprio a call. He could drop $500,000 without even noticing it was missing.

Honestly, I’m not sure what other options she has.

Tags : bankruptcy erin heatherton leonardo dicaprio
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