After filing for bankruptcy earlier this year, ‘The Partridge Family’ star David Cassidy is losing his South Florida home. The 7,000 square foot waterfront Fort Lauderdale mansion is to be auctioned for $1.9 million.
The 65-year-old filed for Chapter 11 bankruptcy protection this past February and in June, the court granted Cassidy permission to auction off the estate. Following his divorce, Cassidy claims he will no longer need the mansion since his work demands frequent travel, according to the Sun Sentinel.
Having accepted the situation, Cassidy plans to move on and begin the next chapter of his life. According to People Magazine, Cassidy listed assets and debts of nearly $10 million. He also owed several creditors such as CitiBank, Wells Fargo Bank and American Express over $17,000 each.
Cassidy spoke with New York Daily News about his bankruptcy proceedings. “This is necessary for practical reasons to reorganize my life as I go through divorce and to restructure my finances.”
The 70’s superstar claims that once he hands over the keys, he is not looking back. Ending a 23 year marriage and then loosing his home after nearly 15 years, Cassidy plans to take this time to overcome his personal struggles. The auction will be handled by Fisher Auction Company and is tentatively scheduled for September 9, 2015.
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Sources:
http://www.newsmax.com/TheWire/david-cassidy-bankruptcy-auctioning-florida/2015/06/30/id/652813/