After a tough year, country star Eddie Montgomery has filed for Chapter 7 bankruptcy protection. According to the Lexington Herald-Leader, half of the country duo Montgomery Gentry filed for Chapter 7 bankruptcy in Kentucky with debts totaling $13.4 million.
His lawyer confirms the news, telling the Lexington Herald-Leader that the bankruptcy is due to his recent divorce and business closure. Court documents show that much of the debt is property taxes owed on his Harrodsburg, KY restaurant, Eddie Montgomery’s Steakhouse.
Montgomery’s $1.9 million in assets includes a shuffleboard table worth $2,000, a gun collection worth $1,500 and several vehicles worth close to $60,000. His four dogs were estimated to be worth $20 each.
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