Doubling Down With The Derricos is a popular TLC show that premiered in 2020, following Deon and Karen as they raise their 14 children together. Despite their large brood, the couple has expressed their desire to expand their family. However, the TLC family has recently made headlines, notably due to their divorce.
As fans speculate about the reasons behind Deon and Karen’s separation, a new shocking development about the matriarch has come to light. Fans are left wondering how Karen will manage to raise her children if the rumors are proven true. So, what exactly is the new issue that the Derricos are facing? Continue reading to find out.
Doubling Down With The Derricos: Karen Derrico Filed Bankruptcy In 2018!
On June 4, Deon and Karen filed for divorce in Nevada, which was finalized two days later. Despite parting ways, the pair seemed to be in cordial relations as they continued to raise their children together. They will reportedly share the legal and physical custody of their 13 minor children, with Deon paying $1,116 in child support. Karen, on the other hand, will cover the children’s medical insurance. Their eldest daughter, who is an adult, is not included in the filing.
In a startling development, Karen filed for bankruptcy in January 2018, according to InTouch’s exclusive report. Her financial situation included assets totaling $12,519 and liabilities amounting to $47,567. Her monthly income was reported as $2,480, while her expenses totaled $2,560. She disclosed owing $27,000 in student loans and listed her assets, which included Las Vegas homes, a 2007 Saturn Aura valued at $1,500 as well as two houses in Detroit, Michigan.
Her possessions included furniture worth $4,000, electronics totaling $4,000, and wall art at $500. She also had apparel and children’s clothes totaling $1,500. During this time, she was working as a teller at Bank of America. It was following the birth of her triplets, Diez, Dior, and Carter, who eventually passed away, that Karen filed for bankruptcy.
Her reported income for 2017 was $39,096. Initially, the trustee requested the dismissal of the case due to missed payments and incomplete documentation. The case evetnually turned to Chapter 7 bankruptcy, and they discharged Karen’s debt in February 2019.
Fans began speculating that financial reasons could likely be the reason behind Leon and Karen’s divorce. Moreover, the news of her estimated net worth ranging from $6 million could be false. Understandably, Karen must not want TLC to cancel Doubling Down With The Derricos, in respect of her financial problems.
Doubling Down With The Derricos: Karen Breaks Silence After Divorce From Deon
Karen took to Instagram to share an update with fans on June 20. “I am doing as good as can be,” she said in a video. “The children are doing good. It’s summertime, we definitely want to keep them all busy and occupied, and that’s the plan right now.” The Doubling Down With The Derricos star went on to thank her fans for the supportive messages. “I feel the love. I genuinely feel the love. It’s, like, I can almost get emotional,” she said. “To see the outpour is just amazing. So I just wanted to tell you all, thank you for the love and support.”
Speaking about her priorities, Karen discussed her self-care plans and talked about taking a vacation. “There’s a lot of speaking engagements coming my way that I have to go through and choose where I’m gonna go, but I am thankful and grateful for that – to tell my story, my journey.”
