Bankruptcy For Montgomery Gentry Band Member

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Imagine having debts totaling $13.4 million dollars and less than 2 million dollars in assets and you still have to file bankruptcy? That’s what’s going on in Eddie Montgomery’s life right now. The Montgomery Gentry member is experiencing after his restaurant shut down last May. Eddie Montgomery’s Steakhouse was funded by a $12.7 million dollar loan that now needs to be paid back. A spokesperson and lawyer for Montgomery said Eddie’s divorce has also made the debt problem a lot worse.

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