Doubling Down With The Derricos stars Deon and Karen have spent many years in front of TV. They have been raising their 14 kids under one roof. The TLC stars are overloaded with responsibilities and expenses. Deon and Karen are running in different directions to fulfill the needs of their super-sized family. Previously, the couple butted heads over living in a small home.
They were thinking about buying a new large home for their big family. The reality TV stars have faced significant financial challenges over the years. Their financial needs are also increasing with their growing family. The pair is looking for more ways to continue giving a good lifestyle to their kids. Unfortunately, Deon and Karen faced bankruptcy and foreclosure in their Las Vegas Home. Do they still own the home?
Doubling Down With The Derricos: Everything About Deon & Karen’s Foreclosure And Bankruptcy!
Deon and Karen Derricos are currently living a lavish lifestyle with their 14 children. They have been enjoying all the limelight from the reality TV world and entertaining their viewers with their crazy family. Unfortunately, the TLC stars have gone through many financial struggles in the past. Their issues started in October 2011 when Deon filed for bankruptcy.
He listed debts between $500,001 to $1,000,000. But the court dismissed the case shortly after filing. Later in 2015, he filed for bankruptcy again and listed debts between $100,000 to $500,000. However the court dismissed the case due to a lack of financial documents. The TLC star filed for bankruptcy again in April 2015 and listed all his assets and liabilities including credit card bills, student loans, and mortgage payments.
Deon’s wife, Karen, also filed for bankruptcy in March 2016. She filed for bankruptcy after owing $1 million to creditors. Her case was dismissed after her expenses exceeded her income. But the TLC star filed for the process again and listed a lower debt which was discharged in 2019. Deon and Karen’s financial struggles were not getting any better over the years.
Hence, they had to face foreclosure at their Las Vegas home. Deon filed for Foreclosure mediation assistance after failing to pay for their home in 2015. Unfortunately, the mediation process failed, and the TLC stars had to face foreclosure proceedings. But it looks like Deon and Karen’s financial condition is getting much better, as they still live in the same home and own two more properties.
Doubling Down With The Derricos: How Deon & Karen Are Earning Money?
Doubling Down With The Derricos stars Deon and Karen have a huge family to feed. They have been raising 14 teen and pre-teen kids. Fortunately, the TLC stars are giving their children a good lifestyle. Previously, Deon’s net worth was reported at $6 million and Karen’s at around $500,000. The former works as a real estate investor, and most of her net worth stems from her profession.
Moreover, he is also the owner of Deon Derrico Entertainment, which offers a variety of skills, including acting classes, talent agency representation, as well as film and television production. Further, Deon and Karen receive approx $7000-$10000 per episode from TLC for the reality show. Keep coming back to TV Season & Spoilers for more Doubling Down With The Derricos updates.