Toya Wright’s marriage to Mickey “Memphitz” Wright is finally reaching an end.
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According to The Jasmine Brand, the couple have reached a settlement in their divorce, in which they solved all their issues over their assets and property. The reality star is demanding the judge grant the divorce quickly, which would officially end the their 5-year marriage.
In the settlement signed by both parties, neither will pay alimony, joint bank accounts have been closed, there was no property owned to split up, and each will be responsible for their own debt.
Wright filed for divorce on July 8 citing “irreconcilable differences”.
The Jasmine Brand notes: Toya agreed to pay $8k to her soon-to-be ex-husband and Mickey will waive all rights to proceeds earned by her from the sale of her book, “How to Lose a Husband” and proceeds from Before Bed Headz, a company she owns. They both keep all personal items they had prior to getting hitched. The agreement reveals both parties financial situation at the time, with Toya having over $700k in cash, $109k in real estate, $125k worth of cars along with $15k in other personal property.
Mickey’s assets included $48k in cash, $140k worth of cars, $98k in securities, $9k in a IRA and $500k a year for work. His liabilities included $550k on his mortgage, $377k in unpaid taxes and $15k owed to Visa. His total amount of assets totaled $1.3 million with liabilities totaling $377k for a net worth of $981k.
Fans of the pair have seen them go from good with their BET wedding special, to bad with their gamut of issues that included angry exes.
We wish them both the best, as they go their separate ways.
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Toya Wright And Memphitz Reach Divorce Settlement was originally published on hellobeautiful.com
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