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Thread: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

   
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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    Courtroom Showdown! Lisa Marie Shuts Down Estranged Husband’s Ploy For More Money: Presley refuses to look at her ex during hearing in their bitter divorce battle.

    Lisa Marie Presley refused to look at Michael Lockwood as they faced off in court in another round of their nasty divorce, RadarOnline.com can exclusively reveal.

    Michael Lockwood is taking the bitter battle with his ex to a higher court to obtain financial documents and other information the musician says Elvis‘ daughter refuses to turn over.

    The exes appeared at Los Angeles Superior Court Wednesday looking more somber than ever to discuss a motion filed by Lockwood’s attorney asking the court to impose monetary sanctions against Presley and to order Presley to provide documents concerning her various assets, debts and income.

    During the hearing, Lockwood’s attorney, Jeff Sturman, said Presley is “deliberately failing” to disclose the information concerning possibly millions of dollars in bank accounts, stocks, bonds, retirement accounts, jewelry, trust and other properties.

    The former couple, who were married for 10 years, have been fighting in court for nearly two years not only concerning their divorce, but also their post-nuptual agreement.

    Sturman said the documents Presley has provided are “flatly false” and only listed “unknown” for most of the accounting.

    “I would not be able to issue a subpoena to ‘unknown,'” Sturman said to Judge Patrick Cathcart. “She’s got a lot of professional help and these items are not unknown. … This is someone making a deliberate choice to fail to disclose when they have a statutory obligation to disclose.”

    Presley’s attorney, Gary Fishbein, said he has tried to resolve the issue with Sturman to provide amended and additional documents. Fishbein said he instead saw “no good faith effort” from Sturman to resolve the issue.

    “If Mr.Sturnan was really interested in getting a more specific … schedule of assets, he would say, ‘Amend it and I will see what you give me,’ but he didn’t do that,” Fishbein said to the judge.

    Fishbein added if the post-nuptial agreement is held by the court, the argument over documents would be “totally meaningless.”

    “We need to stop discussing discovery on issues that may or may not be relevant once we find out (the post-nuptual agreement) is valid,” Fishbein said. “If it is, there is no spousal support and there is no community property. Our position is there is no community property anyway. I think this motion is ill conceived and should be denied.”

    Judge Patrick Cathcart ruled against Lockwood’s motion to impose monetary sanctions on Presley, but decided to hold off on a decision on whether Presley should produce the various documents.

    Sturman said he plans to file a petition with the Court of Appeals to issue an order against Judge Patrick Cathcart’s decision.

    “I believe I need those things to be ready for that trial to determine whether the post-nuptial agreement is valid or not,” Sturman said during an interview with Radar after the hearing. “She doesn’t know whether she has stocks or bonds? It is inconceivable that somebody with this much professional help cannot provide that information.”

    On Tuesday, both sides also appeared before another judge, who scheduled a telephonic conference on April 27 to discuss the impending court of appeals decision. Both sides will return to court on September 19.

    Presley, 50, and Lockwood, 56, were also embroiled in a legal fight in Dependency Court concerning their twin daughters, Harper and Finley, 9.

    Presley had made explosive allegations of neglect and child abuse against Lockwood in the divorce filings. In a Feb. 7 filing, she claimed Lockwood had hundreds of inappropriate photos of children and is facing allegation of sexual abuse and neglect.

    Lockwood has called those allegations “disgusting and inappropriate.”

    Dependency Court cases are confidential since they involve minors, but during Wednesday’s hearing, both attorneys said a decision was made in that case, which Presley is planning to appeal.
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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    EXCLUSIVE: Lisa Marie Presley's estranged husband Michael Lockwood claims she is hiding millions as he hounds her in court for spousal support with just $435 to his name

    Lisa Marie Presley, 50, appeared in a Los Angles divorce court on Wednesday

    She is in an ongoing divorce battle with estranged husband Michael Lockwood

    He's demanding $263,000 a year in spousal support payments for his lifestyle

    Claims after living with her in luxury he now has just $435 in his bank account

    Now Lockwood's lawyer accuses Lisa Marie of hiding her fortune from him

    Lisa Marie Presley has been accused of deliberately hiding her vast wealth from her estranged husband, Michael Lockwood in their ongoing divorce battle, a court heard Wednesday.

    The couple - whose marriage fell apart in 2016 - are locked in a bitter court fight in which Lockwood is asking Presley to pay him $22,000 a month spousal support.

    Lisa Marie makes around $4.2 million a year, or $350,000 a month - mostly from the trust her father King of Rock Elvis Presley set up for her.

    But at Los Angeles Superior Court, Lockwood’s attorney Jeff Sturman complained to Judge Patrick Cathcart that a list of Presley’s assets and debts that her lawyers provided to the court is ‘completely useless.’

    Lisa Marie Presley showed up at court on Wednesday dressed in a pink and gray mini-dress with a pink bow at the front, blue spike heels and her hair in a pony tail
    Her cash-strapped estranged husband Michael Lockwood (seen with her in 2015) claims that she is hiding millions from the court as he chases after spousal support payments

    Her cash-strapped estranged husband Michael Lockwood (seen with her in 2015) claims that she is hiding millions from the court as he chases after spousal support payments

    He went down all the items of the list - including household furnishings, miscellaneous jewelry, stocks, bonds, mutual funds, retirement funds and pensions and her father’s trust.

    And against each item Presley’s lawyers had written ‘value unknown.’

    Sturman scoffed at the notion Lisa Marie would not know what all these items are worth and described her claims as ‘frankly false.’

    ‘This is somebody who is making a deliberate choice to fail to disclose,’ he told the court.

    ‘What is in the trust? Is she holding $50 million there? We don’t know. We don’t know what she’s worth because they won’t give us any documents.’

    Sturman asked Judge Cathcart to compel Presley to turn over all her financial documents and and to impose a financial penalty on her for not disclosing required information.

    Lisa Marie’s lawyer, Gary Fishbein, countered that he had offered Sturman a revised list of her assets and debts but his offer was ‘ignored.’

    He also said he was ‘about to’ hand over Presley’s 2016 tax returns to Lockwood’s lawyers.

    Lisa Marie, who turned 50 last week, showed up at court dressed in a pink and gray mini-dress with a pink bow at the front, blue spike heels and her hair in a pony tail.

    She is fighting Lockwood’s demands, including a claim for hundreds of thousands of dollars in attorney fees.

    Musician Lockwood, 56 - who arrived at the courthouse wearing a gray suit and tie with a black fedora and sporting a salt ’n pepper beard - married Lisa Marie in 2006 and the couple has nine-year-old twin daughters, Finley and Harper.

    Whether Lockwood is entitled to spousal support from Presley hinges on whether a post-nuptial agreement - which the couple signed in 2007 - is ruled valid or invalid by the court.

    The agreement said that neither party should have a claim on the other if the marriage broke up.

    But Lockwood is demanding that the prenup should be torn up, saying he was coerced into signing it.

    Fishbein argued that there was no point in contesting whether Lisa Marie has to pay spousal support to Lockwood or not.

    ‘It’s totally meaningless,’ he said. ‘If the post-nuptial agreement is ruled valid, there is no spousal support.’

    Judge Cathcart decided to continue (postpone) the case until after the post-nuptial issue is settled and referred it to a different courtroom at LA Superior Court where Judge Thomas Lewis set a trial date of August 13.

    But Judge Lewis also scheduled a mandatory settlement conference for June 8 in the hope that Presley, Lockwood and their lawyers can reach an agreement without having to go to trial.

    Lockwood meanwhile says in court documents that he has been reduced from living in luxury with Elvis Presley’s only child, to having just $435 in his bank account and earning only $20-$25 an hour as a part-time guitar technician and musician.

    He also claims he has around $50,000 of credit card debt and owes his lawyers almost $300,000.

    He wants his estranged wife to pay him $263,000 a year so that he can ‘enjoy a lifestyle that is closer to my marital status of living….and it will be substantially above the subsistence standard of living at which I am currently living.’

    His lifestyle with Lisa Marie - including lavish entertaining, expensive vacations and flying on private jets - cost around $64,000 per month, he estimated in court documents.

    But now, he’s ‘only’ asking for a third of that amount - $21,925 - from her to pay for expenses including $10,000 a month for renting a three-bedroom house close to his daughters, $2,425 a month for entertaining and vacations, plus $5,000 year for birthday and Christmas gifts for his twin girls.

    When the couple appeared in the same court in February last year, Lockwood was seeking $40,000 a month in spousal support and $100,000 in attorney fees. But Lisa Marie didn’t want to pay Lockwood a dime, claiming that her $300 million fortune was gone and her only income was $100,000 a month from her father, Elvis Presley’s trust and $4,000 a month from Graceland, her dad’s famous home in Memphis, TN.

    Her attorney, Mark Gross, told the court at that time that Lisa Marie was 'buried in debt,' and among a 'laundry list' of debts, 'she owed over $1 million in taxes for 2015 alone.'

    Gross listed over $17,000 monthly expenses that Lisa Marie claims for her children’s day to day care.

    He said that a house she owned in UK was 'upside down' in debt and that Lisa Marie 'has no assets.'

    Judge Cathcart did order Presley - in that February 2017 hearing - to pay $50,000 of Lockwood’s attorney fees. But he refused to grant Lockwood’s plea for spousal support.

    Just before that hearing last year their divorce case took a sensational turn when DailyMail.com revealed that Lisa Marie claimed in court papers that she had found hundreds of indecent photos and disturbing videos of children on Lockwood’s computer.

    'I was shocked and horrified and sick to my stomach,' said Lisa Marie.

    Lockwood denied the allegations and while the Tennessee Bureau of Investigation did look into the claims, no charges were filed.





    Last edited by Goddess4Real; 08-02-2018 at 03:32 AM.
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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    Lisa Marie Presley Says She's Over $16 Million in Debt, Divorce Documents Claim http://people.com/music/lisa-marie-p...-million-debt/

    PEOPLE Friday, Justin Stiegemeyer, Presley’s current business manager who is responsible for “day-to-day finances and paying all of her bills,” disclosed that the 50-year-old had first learned of her debt while her old business manager Provident Financial Management was handling her finances.

    Stiegemeyer went on to claim that Presley “had not been provided with proper accountings or notices or been kept abreast of her finances” by her former business manager and that at the time they were fired, Presley had “total liquid assets of less than $20,000.”

    He also revealed that “by the end of 2015” there were “no additional funds” other than “the approximately $20,00 of liquid assets” available to Presley to use to pay her debts, adding that the majority of those debts “are related to unpaid income taxes” from 2012-2015, which “total over $10 million.”

    In addition to the income tax and credit card debt owed, the documents claim Presley has defaulted on the mortgage of a $6 million home she owns in the U.K., which she has been trying to sell for the past two years.

    Presley states she currently receives a monthly salary of $4,361 from her father Elvis Presley‘s estate, as well as $100,000 in dividends and interest from investments.

    In this latest development in the pair’s ongoing divorce battle, Presley detailed her debts in response to a February 2017 court order requiring her to cover $50,000 of Lockwood’s $450,000 in attorney fees.

    Presley and Lockwood, her fourth husband, married in 2006 and welcomed their twin daughters Harper and Finley in 2008 before the Graceland successor filed for divorce in June 2016, citing irreconcilable differences and claiming Lockwood was a poor father and “took advantage” of her financially.
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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    Lisa Marie Presley Says She's $16 Million in Debt http://www.tmz.com/2018/02/16/lisa-m...llion-dollars/


    This seems impossible, but Elvis Presley's daughter is drowning in debt ... this according to Lisa Marie Presley herself ... TMZ has learned.

    Lisa Marie just filed docs in her divorce from Michael Lockwood, and they contain the bombshell news ... the King's daughter is more than $16 million in the red. In the docs she says most of her debt is unpaid taxes from 2012 to 2015, totaling more than $10 million.

    She also says she has a house in the U.K. she's desperately trying to unload because she's defaulted on the mortgage. According to the docs, obtained by TMZ ... that's another $6 mil she owes.

    LMP says the rest of her debt is mostly credit cards and unpaid attorneys' bills.

    She's revealing all of this because Lockwood is demanding she pay more than $450k for his attorney fees, and she's clearly saying ... I ain't got it, dude.

    Fun facts:
    - Lisa Marie sold off 85% of Elvis Enterprises in 2004 for $100 million
    - The Elvis estate still hauls in revenue north of $20 million annually
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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    Broke! Lisa Marie Drowning In $16.8 Million Debt: Presley says she only has a total liquid assets of less than $20,000.

    Lisa Marie Presley is drowning in $16.8 million debt that she amassed over the past three decades, according to shocking court documents exclusively obtained by RadarOnline.com

    According to court documents filed on Valentine’s Day, Presley said she only has a total liquid assets of less than $20,000 and owes more than $10 million in unpaid taxes for the the years 2012 to 2015. Presley filed the court documents in response to the nasty ongoing divorce proceedings with her estranged husband, Michael Lockwood, who is suing Presley for spousal support and attorney’s fees.

    SEE THE SHOCKING COURT DOCUMENTS! https://radaronline.com/wp-content/u...upport-doc.pdf

    The exes, who were married for 10 years, have been locked in a legal battle not only concerning their divorce, but also their post-nuptial agreement.

    In the court documents, Presley’s business manager Justin Stiegemeyer, said she had sold 85 percent of her interest in Elvis Presley Enterprises back in 2005. Although Lisa Marie receives about $100,000 per month from the trust that holds Elvis Presley Enterprises, Stiegemeyer said Lisa Marie cannot simply demand those funds at will.

    Stiegemeyer also said Presley has three outstanding American Express credit card debts totaling about $300,000. Presley is also trying to unload mounting debts she acquired after the purchase of her country home in the United Kingdom.

    Stiegemeyer said Presley found out just how much she was in the hole after she fired her previous business managers, Prudential Financial Management.

    “At the tail end of PFM’s tenure, LMP learned that she was in massive debt, although at times she did not know the extent of that debt,” Stiegemeyer said in the affidavit. “She had not been provided with proper accountings or notices or been kept abreast of her finances by PFM.”

    Presley is also suing Prudential Financial Management.

    Meanwhile, Lockwood claimed in court papers that Elvis’ famous daughter has more than $11 millions in assets as of December 2015, and a trust with more than $31 million. The court has yet to determine whether the postnuptial agreement signed by the exes is valid.
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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    Lisa Marie Presley Says She's $16 Million in Debt http://www.eonline.com/news/914461/l...illion-in-debt

    Lisa Marie Presley states in court documents filed amid her divorce battle that she is $16 million in debt.

    In 2016, the 50-year-old daughter of the late Elvis Presley and fellow singer, who is also famous for her short-lived marriage to the late Michael Jackson, filed for divorce from current husband Michael Lockwood, with whom she shares twin daughters. Amid their court battle, legal documents have revealed glimpses of Lisa Marie's finances.

    Newly submitted documents show that she is more than $16.7 million in debt. She said she has yet to pay more than $10 million in tax bills from several years past, that she has defaulted on a $6 million mortgage she took out for a home she owns in the United Kingdom and that she also has more than $47,800 in credit card bills and also has tens of thousands of dollars owed to attorneys.

    Lisa Marie's documents state she earns a monthly salary of $4,361 from her late father's estate and receives $100,000 in dividends and interest from investments.

    She also states that she lives with the twins, her 24-year-old son Benjamin Keough, and her 27-year-old daughter Riley Keough and her husband, and that the latter two pay for some of her household expenses. She says she pays more than $120,000 a month to cover mortgage payments, rent, food, utilities, attorney fees and credit card debt.



    Lisa Marie detailed her debts as a response to her ex's demand that she pay more than $450,000 to cover his attorney fees. Last year, she opposed his demand that she pay his attorney fees as well as spousal support. A judge later said she must pay $50,000 to cover her ex's legal fees over a course of five months, until a trial takes place to determine the validity of a post-nuptial agreement they had signed after their 2006 marriage, which details divorce terms.

    Also in 2017, Lisa Marie claimed in court documents submitted as part of the divorce battle that she owes the IRS $1.5 million, owes the U.K. government more than $5 million, owes $250,000 in state taxes and hundreds of thousands of dollars in additional debt. At the time, she said her business manager did not pay taxes, which caused her to have "considerable tax liability outstanding from this income over the last several years."
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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    She should have stuck with the first Michael she married. LOL.
    "To give someone a piece of your heart,
    is worth more than all the wealth in the world"
    ~Michael Jackson~

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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    Yuuup....and you know what is interesting is what Lockwood's current girlfriend (who is a hair stylist to the stars) is saying this on twitter today about Lisa......along with posting articles etc relating to their divorce https://twitter.com/hobgoodhair like this post......this is getting really sad indeed



    Last edited by Goddess4Real; 18-02-2018 at 02:55 AM.
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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    Quote Originally Posted by Mikky Dee View Post
    She should have stuck with the first Michael she married. LOL.
    Yuuuuup, she glowed and looked amazing when she was with MJ, this is one of my fav pics of them

    Last edited by Goddess4Real; 18-02-2018 at 03:37 AM.
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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    That's just nasty. They need to all go private.

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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    Meh....she's had four marriages and four divorces....somewhere along the line, I think she has to admit that she is part of the problem.
    "To give someone a piece of your heart,
    is worth more than all the wealth in the world"
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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    Quote Originally Posted by Mikky Dee View Post
    Meh....she's had four marriages and four divorces....somewhere along the line, I think she has to admit that she is part of the problem.
    And she most likely is. But I don't think the couple should be airing any of this in public, much less the new girlfriend. That's pretty disgusting. All it does is hurt the kids.
    Guess I'm glad now she and Michael didn't have any.

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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    Quote Originally Posted by Mikky Dee View Post
    Meh....she's had four marriages and four divorces....somewhere along the line, I think she has to admit that she is part of the problem.
    Well Hobgood has since deleted that particular twitter post, but it does give us alot qlues as to what Lisa and Lockwood are accusing each other of, that's for sure and she went for the jugular. Especially with her use of hashtags #fairgaming #narcissisticpersonalitydisorder #drugaddictmoms #spoiledlilrichgirl #falseaccusations #liar #you’retheabuser #fathersrights #appealingthecasetosaveyourownass #thetruthwillcome) to describe Lisa.
    Last edited by Goddess4Real; Yesterday at 03:55 AM.
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    Default Re: Michael & Lisa Marie Discussion Thread (Hate is not welcome)

    Quote Originally Posted by barbee0715 View Post
    And she most likely is. But I don't think the couple should be airing any of this in public, much less the new girlfriend. That's pretty disgusting. All it does is hurt the kids.
    Guess I'm glad now she and Michael didn't have any.
    Yuuuup it would have been a million times worse had this been MJ Lockwood is very lucky in that sense. You don't see Lisa's mom and her friends go after him with so much venom, like they did to MJ in the media (eg. Oprah interview etc).
    Last edited by Goddess4Real; Yesterday at 04:03 AM.
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