Bill Cosby Forced to Liquidate Assets and Sell Off Artworks To Battle Civil Lawsuits

Actor
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According to RadarOnline.com, Bill Cosby and his wife, Camille Cosby, are in a financial bind. It has been revealed that their money problems have become even more serious, leading them to

“liquidate assets’,

“take out second mortgages,”

And

“sell off artwork.”

A source has disclosed that the couple is in a

“rocky place financially”

Due to the numerous lawsuits faced by the 86-year-old Bill Cosby Show actor. Cosby’s legal troubles have caused

“major issues”

For the couple, and it appears that the lawsuits against him by women in several states, targeting the man once referred to as

“America’s Dad,”

Show no signs of ending.

“They are currently in financial turmoil,”

Alleged a source, adding that Camille, Cosby’s wife, was unwilling to make lifestyle changes to alleviate their woes.

The actor’s struggle continues to make headlines, particularly after owing almost $650k for the 2019 and 2020 tax years.

Cosby, whose net worth was once estimated at $400 million, has been hit with two tax liens, each amounting to $88,566.88 and $559,573.77. Additionally, Cosby was ordered to pay $500k in damages last year to Judy Huth, following confirmation by a California civil jury that she was assaulted by the comic at the Playboy Mansion in 1975 when she was merely 16.

Having served three years in a Pennsylvania prison for sexually assaulting Temple University executive Andrea Constand in 2004, Cosby was released from jail in June 2021 on a technicality.

Despite his release from prison in June 2021 on a technicality, Cosby’s attempts to return to the spotlight have been met with obstacles. His plans to perform stand-up shows during the spring and summer have seemingly come to a standstill, as comedy clubs appear reluctant to book the convicted predator.

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