Joey Lawrence Net Worth: How Much He Paid for Bankruptcy?

By Jivika Last updated Nov 10, 2022

American actor, musician, singer-songwriter, record producer, and host of game shows Joseph Lawrence Mignogna Jr. He first gained notoriety as a child actor in the early 1980s and is best known for his performances as Joe Longo in Melissa & Joey and Joe Russo in Blossom. With his real-life brothers Matthew and Andrew, Lawrence also starred in Gimme a Break! (1983–1987), the television series Brotherly Love, and the films Summer Rental (1985) and Oliver & Company (1988).

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Joey Lawrence: Quick Info

Net Worth:	$250 Thousand
Date of Birth:	Apr 20, 1976 (46 years old)
Gender:	Male
Height:	5 ft 8 in (1.73 m)
Profession:	Actor, Presenter, Television producer, Voice Actor, Record producer, Singer-songwriter
Nationality:	United States of America

Joey Lawrence: Early Life

Joey Lawrence was born on April 20, 1976, in Abington, Pennsylvania, as Joseph Lawrence Mignogna Jr. His father was an insurance broker, and his mother was a former elementary school teacher who later worked as a personnel manager. He has Scottish, English, and Italian ancestry. His parents changed their last name from Lawrence to Mignogna when he was a child. Matthew Lawrence and Andrew Lawrence, two of his younger brothers, are also employed in the entertainment business. He went to Jenkintown, Pennsylvania’s Abington Friends School.

What is Joey Lawrence’s Net Worth?

An American actor, musician, and songwriter named Joey Lawrence has a net worth of $250,000. For his work on the television programmes “Gimme A Break!,” “Blossom,” “Brotherly Love,” and “Melissa & Joey,” Joey Lawrence is best known. You might have anticipated Joey to be wealthier. Unfortunately, as we explain in the next paragraph, he has recently faced some financial hardship.

Joey Lawrence: Career Beginnings

Joey Lawrence played Joey Donovan in the NBC sitcom “Gimme A Break!”. He was nominated for two Young Artist Awards in 1984 and 1985. In 1990, he starred alongside John Travolta in the crime drama film “Chains of Gold”. In 1995, he got his next prominent television role in “Brotherly Love”.

Joey Lawrence: Post 2000s Career

Lawrence began his film career in 2000 with roles in the horror films “Urban Legends: Final Cut” and “Desperate But Not Serious”. He had a recurring role in the fourth season of the sitcom “Half & Half”. The remainder of the 2000s were unremarkable, and he sporadically appeared in videos, television movies, and as a guest star. In 2010, he was cast as lead alongside Melissa Joan Hart in the ABC Family sitcom “Melissa & Joey”. During that time, he also took on guest roles on “Hawaii Five-0” and “A Goofy Movie”.\ In 1995, he got his next prominent television role in “Brotherly Love,” which ran from 1995 until 1997. He ended the ’90s with a leading role in the horror film “Tequila Body Shots”.

Joey Lawrence: Music Career

Lawrence has always had a love of music, and at the age of sixteen, he put out his debut record, “Joey Lawrence.” Though it was commercially successful and several of the songs made the charts, he gave his acting career more priority than music.

Joey Lawrence: Personal Life

From 2002 to 2005, Joey was married to Michelle Vella. In 2005, he wed Chandie Yawn-Nelson. Their two daughters were. The couple divorced in 2020. It’s interesting to note that Joey and Chandie first connected at Disney World in 1993, when he was 16 and on vacation. They joked about getting married at the theme park while enjoying an ice cream date. By the year 2005, they had accomplished their goal.

Joey Lawrence: Bankruptcy Filing

Joey declared bankruptcy under Chapter 7 in March 2018. The 2014 Bentley, the 2016 BMW i8, and the 2015 Ford Flex were among the three vehicles that Joey and his wife had repossessed in the previous year, according to the filing. Additionally, he listed a $7000 monthly income and a $25,500 monthly expense total.

According to reports, the family’s assets are worth $43,000 and its debts are worth $355,000. Additionally, we learned that the actor earned $534,000 at the show’s height in 2015. He made $58,000 the year after. For $56,000 in January 2018, Joey sold the rights to his personal LLC at auction, transferring ownership of all future royalties and residuals to the buyer.