Lisa Marie Presley Says She’s $16 Million In Debt
Elvis Presley’s daughter, Lisa Marie Presley, 50, is claiming she’s $16 million in debt.
TMZ reported Presley filed court documents for her divorce from Michael Lockwood, 56, claiming that she has more than $10 million in unpaid taxes from 2012 to 2015. She has a house in the U.K that she’s trying to get rid of because she’s defaulted on the mortgage adding $6 million. She also claims she has debt from credit cards and attorney bills.
The Elvis estate brings in about $20 million annually and in 2004 Presley sold 85% of Elvis Enterprises for $100 million.
Even though Lockwood signed a post-nuptial agreement in 2007 stating that neither party had a claim he still wants money. Lockwood is asking Presley to pay $22,000 a month in spousal support and pay his legal fees, which are roughly $450,000. He claims he was coerced in to signing the post-nup papers.