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Russell Armstrong

Distraught Over Divorce and

'Tremendous Financial Problems'

8/16/2011 8:30 AM PDT BY TMZ STAFF

0816_russell_taylor_armstrong_ex_3
"Real Housewives of Beverly Hills" star Russell Armstrong was at his wits end over his impending divorce from Taylor in the days leading to his death -- and he was inundated with debt.

Russell's lawyer Ronald Richards tells TMZ, Russell had been staying at a friend's house on Mulholland Drive in L.A. -- the same house where authorities found his body hanging last night.

0816-russell-house-water-subRichards tells us, "I feel bad because his credit cards weren't working ... He had tremendous financial problems."

Richards adds, "He was also extremely bummed out about the divorce with Taylor. As far as a will, even if he does have a will, they don't have any assets, so I'm not sure what there would be left to leave. I am extremely saddened ... I had no idea he was depressed."

As we previously reported, Russell -- an investor who made his money in the 90s during the dot com boom -- filed for Chapter 7 bankruptcy in 2005, claiming he had less than $50,000 in assets ... and debt somewhere between $1 and $10 million.

150 COMMENTS

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76.

Meanie    

He OFFED himself in a friend's house?!? What a selfish, stupid wanker. Nice eh?... leave the friend with the legacy that somebody offed himself IN your house. What an a/h. Good riddance.

981 days ago
77.

Star Whacker    

YIKES!!! What a Horse Face she is!!! Maybe he killed himself to stop practicing beastiality with her!!! Way to go!

Sad part is Horse Face will simply trot into the sunset looking for someone else to ride her.

981 days ago
78.

DEE    

If they r so broke, why did Taylor spend so much money on their daughters birthday party??.

981 days ago
79.

Warmblonde    

Bravo/Andy:

YOU SHOULD HAVE LISTENED TO THE FANS LAST YEAR WHEN WE COLLECTIVELY WANTED TAYLOR OFF THE SHOW.

BUT NOOOOOOO!

981 days ago
80.

deanna    

well the money she spent on her daugthers birthday !!!!!wow No wonder they went broke !!!!!!

981 days ago
81.

Elizabeth    

I watch all the Housewives shows and have always wondered where all the money spent on parties, shoping and vacations really effect their lives. I have scean some who are going bankrupt go right on spending. I do not see that their money really makes some of them happy. It seems to me that they compete for, who has the biggest house, who spends the most on clothes, who throws the biggest party. No wonder this poor man took himself out. The price was to high

981 days ago
82.

TMZISAPIECEOFSHIT    

That's right, you only came to this earth to have things go your own way and when they don't, commit suicide to remind everyone that loved you just how selfish a person you really were. Dumb move.

981 days ago
83.

NickSunset    

Bravo TV made this guy look very strange with their very artful editing. They should feel some responsibility in his death. I could blame his money grubbing wife who spent $116,000 dollars on her daughters 4th birthday but he chose her so that is his fault as well.

981 days ago
84.

Alex    

his ex wife spoke to radar online and told them that he was a good father to this other children and very responsible that all thing went dow the hill after he married Taylor
She said "I told him be careful with her "

981 days ago
85.

TMZISAPIECEOFSHIT    

Suicide is a permanent solution to a temporary problem. Not worth it.

981 days ago
86.

calvin Broadus    

That show profits off of destroying people's lives. The OC housewives are a total disaster. Just take one look at Tamara Barney.

981 days ago
87.

cjs    

One only has to look at the photos and wonder how much of that debt went to her PLASTIC self !

981 days ago
88.

get real    

ha ha, he wins. Unfortunately ruins his children in the process. But, it's all about him.

981 days ago
89.

GEEMONEY    

Man is she Ugly,she could suck the chrome off a bumper.

981 days ago
90.

Jake Ryan    

That Taylor "woman" killed him as sure as she put the rope around his neck herself. To watch her looking for the camera in every scene she was in and ape for it was a total joke. And then to file for divorce and accuse him of abuse. All obvious lies. She ruined his life to become a "celebrity" and ruined her daughters life too. Just to watch her respond to him giving their daughter a puppy was upsetting. But she found a way to separate the little girl from the dog (alleged allergies, remember) and to separate the little girl from the father. Just terrible. That woman should go to jail for this. I hope the daughter is ok but I doubt it with that kind of woman as the producer. She's an insult to mother's and real housewives everywhere.

981 days ago
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