Nicole Eggert, who is well-known for her Baywatch role, recently filed for Chapter 13 bankruptcy to protect her property.

According to reports, the 42-year-old actress will have an opportunity to continue paying her mortgage to prevent her house from being liquidated. Under the plan, Eggert will pay $1,071.43 monthly for the first year to the bank, in addition to $800 monthly to creditors. After that, the next two years she will be required to pay $1320 monthly to the bank.

Nicole listed $1,070,400 worth of assets while her liability listed was $807,115. She also stated in the filing that she has monthly expenses of more than $20,000.This bankruptcy filing is her third attempt in less than a year, with the two previous claims being rejected.

The legal team at Greenway Bankruptcy Law, LLC, helps people in Birmingham who are currently facing financial troubles explore their options for getting back on a strong financial footing. Discuss your financial situation and what the best option for alleviating your debt may be by calling (205) 324-4000.