My Five Wives’ Brady Williams files for bankruptcy

When you have five wives and 24 children to support, even a nice TLC paycheck only goes so far! My Five Wives‘s Brady Williams apparently found that out the hard way and has now filed for bankruptcy.

According to TMZ, the plural-marraige patriarch is $400,000 in debt. His assets are primarily limited to his vehicles ($16,728), real estate ($10,215) and other miscellaneous items such as a $20 lawnmower and $50 wedding ring. He only has $3.61 in his savings account.

As for the debt, Brady and his wives owe credit card companies $180,000. He also has a $100,000 business loan and other debts, which all adds up to $420,000. That means the debt outweighs the family’s assets by $393,000.

Brady is a philosophy student who works part-time with his brother’s construction business. Some of his wives contribute to the family fund: Paulie works as a dental hygienist, Nonie handles the construction business and Rhonda serves as a medical assistant.

In most cases, those would be sufficient incomes. However, considering the USDA estimates it costs $235,000 to raise an American child to adulthood, the Williams need $5,640,000 over the course of 20-some years to make ends meet — so going back to school for a philosophy degree probably wasn’t the wisest idea.