By Damilola Faustino
Lindsay Lohan will be unhappy with her mum right now as her creditor has announced that she is drowning in so much debt. The creditor assigned to her case is worried she won’t be able to settle the debt.
Dina Lohan, 56, filed for Chapter 13 bankruptcy back in Sept. 24. Court documents show she owes over $1 million — and makes only a little more than $2,000 a month.
A creditor rejected her initial proposed payment plan, where she said she’d use the equity of her North Merrick, LI home to keep up with payments.
Lohan proposed she’d pay $200 a month for the first 12 months, and $800 a month for the next 48 months.
Yet creditor Tammy Terrell Benoza, of Pennymac Loan Services LLC, rejected that plan, saying she had doubts Lohan could even afford those terms.
Her lawyer Daniel Straffi recently submitted a new proposal, again based on her home and that payment system — but this time tossing in tax refunds as well. It’s not clear from the documents how Lohan blew all her money.
She rose to recognition as the mother and manager of Lindsay, who began acting as a child.
Will Lindsay Lohan rescue her mum?
Read also: Lindsay Lohan’s Mum Files For Bankruptcy
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