Brady Williams, who is the star of “My Five Wives,” has filed for bankruptcy and claims he is broke. TMZ reports on Tuesday that the reality star only has $3.61 in his savings account, but his family has 30 members. Williams gained fame with a TLC show that focuses on his five wives and children.
Williams owes more than $400,000, and his debt has forced him to file for bankruptcy. His family of 24 children and five wives has its own reality show, but it appears that the funds have run out. Williams claims he only has $22 in his wallet, and other assets are very small. The cars are not worth more than $7,000 individually, and he claims his wedding ring is only worth $50. On the other hand, the family’s credit card debt is $180,000, and it is part of a long list of problems.
“My Five Wives” includes Robyn, Paulie, Nonie, Rosemary and Rhonda, but he is legally only married to Paulie, so she has the only name added to the bankruptcy filing. The polygamy reality show will return for a second season, and the Williams family has previously mentioned that it will air in the fall. Producers may end up using the bankruptcy as another storyline to add drama to the program.
Several of the wives have jobs outside of the home, but the large family strains their budget. A business loan is also part of their debt, so there are more issues than salaries. Brady is pursuing his college degree while working at a family business, but there are rumors he is simply not able to support 30 people. TLC allegedly provides an important part of their income, and they are not letting the bankruptcy slow them down or stop them from getting ready for the next season of the show.