David Cassidy Is Bankrupt, Forced To Sell Home
1970s teen heartthrob David Cassidy has filed for bankruptcy and is being ordered to sell his Fort Lauderdale home, MSN is reporting.
Cassidy purchased the six-bedroom, $1.1 million home in 2001. The 6,400-square-foot mansion also boasts a pool and a boat dock.
Although he’s sold over 30 million records, David Cassidy seems to have fallen on hard times recently, according to People. After a series of DUI arrests in 2010, 2013, and again in 2014, his wife, Sue Shifrin-Cassidy, filed for divorce. Cassidy later filed for bankruptcy in February of this year.
According to court documents, Cassidy’s debts include $290,000 owed to Wells Fargo Bank, $21,000 to American Express, $17,000 to CitiBank, and $102,000 to a Florida lawyer.
Fortunately for David, selling his Florida mansion won’t mean he’s homeless: he also owns a home in Saratoga Springs, New York. He’s also not going to be completely broke — he still has $10 million in assets, according to the bankruptcy filing.
David Cassidy became a household name in the 1970s thanks to the phenomenal success of The Partridge Family. The talented singer and guitarist used his fame on the show to become a teen idol, selling millions of records, selling out stadiums around the world, and appearing on just about every conceivable kind of merchandise.
“I’m exploited by people who put me on the back of cereal boxes. I asked my housekeeper to go and buy a certain kind of cereal and when she came home, there was a huge picture of me on the back. I can’t even eat breakfast without seeing my face.”
By the 1980s, however, The Partridge Family was a distant memory, and the aging Cassidy could no longer pull off being a teen idol. He appeared on Broadway, with mixed success, before hitting it big in Vegas headlining the popular Strip show EFX. However, an injury forced him to retire from the show.
By the 2000s, substance abuse issues caught up with Cassidy. A series of highly-publicized DUI arrests in the 2010s led to him going into rehab for a time in 2014.
Cassidy’s Fort Lauderdale mansion will go up for auction on September 9, according to the New York Daily News. Interested bidders must pre-qualify to participate in the auction. The company selling the mansion, Fisher Auction Company, is known for selling million-dollar homes of celebrities — in 2013, the company sold Gianni Versace’s Miami Beach mansion for $41.5 million.
The bankrupt Cassidy is reportedly “excited” to auction off his property and “move on to the next chapter” of his life.
