Eddie Montgomery has filed for bankruptcy according to a report made by The INDY Channel on Jan. 5, 2014. Montgomery makes up the duo Montgomery Gentry along with Troy Gentry. Montgomery filed for individual bankruptcy by listing $13.4 million in liabilities and $1.9 million in assets.
Montgomery’s financial problems began following the opening of his restaurant named Eddie Montgomery's Steakhouse which he began with his wife Tracy Nunan in 2009. The restaurant has closed and the couple has also gone through a divorce. Montgomery is said to be selling both his restaurant and home.
Montgomery's attorney Jamie Harris stated “Due to his divorce and the restaurant closure, Mr. Montgomery filed for Chapter 7 relief to address these ongoing issues. It is very common with individuals dealing with divorce and business closure to have to seek out bankruptcy relief.”
Montgomery Gentry has been keeping busy working. The duo recently wrapped up a tour with the Charlie Daniels Band and shared their feelings about the experience on their Facebook page saying “Words can't describe being able to play multiple shows with a living legend-and best of all, good friend!”
The duo added “Charlie, for all you've given us and for all the great music to come-thank you for inspiring us to live each day to its fullest, and thanks for putting the groove in our turntables, the loop in our 8 tracks, the hiss in our cassettes...and far as we're concerned, they borrowed your initials when they named 'em cd's. Cheers pal. You are the real deal!”
Montgomery Gentry get back to performing live by making an extended tour stop aboard the NCL Pearl beginning Jan. 12, 2014 through Jan. 19, 2014. The country cruise begins in Miami along with country superstars Trace Adkins, Wynonna, Lonestar, Neil McCoy, Craig Morgan and Love and Theft joining in on the fun.