Dina's Bankruptcy Nightmare Revealed: Creditor Rejects Lohan’s Payback Plan
Dina Lohan is drowning in so much debt that a creditor has rejected a payment plan she proposed in her bankruptcy case, RadarOnline.com can exclusively report.
Dina, 56, filed for chapter 13 bankruptcy in September. Documents obtained by RadarOnline.com showed that Lindsay Lohan’s mom is in over $1 million in debt and rakes in a measly monthly income of $2,250.
This month, Dina proposed a payment plan to pay back the outstanding balance for the mortgage of her North Merrick, New York home. But on October 24, a creditor claimed that Dina’s money situation is so bad that her payback plan just won’t work.
The creditor claimed in the shocking filing that “it is apparent that the Debtor does not have the additional income needed to fund the plan at the correct arrearage amount.”
The plan Dina agreed to said she would pay $200 for twelve months, followed by $800 for the remaining 48 months.
The creditor also claimed that Dina failed to include the accurate amount she owes in the paperwork.
“Total arrears due to Secured Creditor through the plan are estimated at $535,815.36. The proposed plan provides for the payment of arrears in the amount of $517,432.10,” the document states.
Dina has been in debt for years, records obtained by RadarOnline.com show. Last year, Lindsay’s mom was hit with over $8,000 in tax liens.
What do you think of Dina’s shocking rejection? Sound off in the comments!
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