Your tip
Your tip
RadarOnlineRadarOnline
or
Sign in with lockrMail

Millions In Debt & Bleeding Cash! Charlie Begs Judge To Reduce Child Support Payments

Charlie Sheen Brooke Mueller Child Support Broke $12 Million Debt
Source: Getty Images

July 7 2016, Updated 7:52 p.m. ET

RadarOnline CommentsLink to FacebookShare to XShare to FlipboardShare to Email

Charlie Sheen has revealed in stunning court documents that he is $12 million in debt, and is asking a judge to reduce his monthly $55,000 child support payments to ex-wife, Brooke Mueller, for their twin sons Bob and Max, 6.

In a sworn declaration, Sheen states, "My income has changed significantly since the agreement for child support was entered into in 2011."

READ THE SHOCKING COURT DOCUMENTS

Indeed, the attached income and expense declaration provides shocking details about how dire Sheen's finances have become.

Article continues below advertisement

Sheen's monthly expenses are over $105,911 a month, including $13,487 for mortgage, $25,000 for healthcare costs not paid by insurance, $11,500 for children's education, and $26,497 for life and accidental insurance, according to the documents filed March 2 in L.A.

Also included in the filing is a list of Sheen's debts, which total almost $13 million. The mortgage on his two mansions is close to $9 million, and he owes the IRS $1,308,126.17 in taxes for 2014. He owes American Express more than $500,000, according to the filing, and is on the hook for more than $800,000 in legal fees as well.

Article continues below advertisement

As RadarOnline.com reported, he's also spent nearly $10 million over the last several years in an attempt to keep his HIV diagnosis quiet.

Desperate for an influx of cash, Sheen, 50, sold the profit participation rights for Two and a Half Men for $26,750,000 in November 2015, the documents claim. He reported he had been receiving $613,421 prior to that from the show monthly.

Despite the financial windfall, Sheen claims to only have $2,090,000 in cash and checking accounts, and $3,200,000 in other property.

READ MORE ON Celebrity

Story developing.

Image of a woman with shocked expression

Never Miss an

Exclusive

Daily updates from the heart of Hollywood, right to your inbox

By entering your email and clicking Sign Up, you’re agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy.

Opt-out of personalized ads

© Copyright 2024 RADAR ONLINE™️. A DIVISION OF MYSTIFY ENTERTAINMENT NETWORK INC. RADAR ONLINE is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.