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Apparently, Kennedy Armstrong’s tea party was just one of the many lavish expenses for Taylor and Russell Armstrong. At the time of his death, Russell was $1.5 million in debt, per ABC. His lawyer, Ronald Richards, stated, “He didn’t have any extra assets. He was living month to month to support his lifestyle for Taylor.” Richards added that being on “The Real Housewives of Beverly Hills” added to the increase in spending for Russell and Taylor. “These couples join these shows, and then they keep trying to outdo each other and they end up spending all their money trying to sustain a lifestyle that’s unrealistic and wasn’t there prior to the show,” he shared.
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In order to keep afloat, Russell reportedly borrowed a large sum of money from someone, which Taylor discovered after his death. “Russell couldn’t repay the loan. Taylor believes the debt is at least $250,000, but it could be significantly more,” a source told Radar. “Russell expressed his concerns to Taylor about his financial woes in the days before his suicide. She had no idea how big the debt was when Russell discussed it with her. It’s now obvious to Taylor that Russell felt he had no other way out,” the insider added. Unfortunately, Russell’s death did nothing to dissipate his debt and Taylor had to find a way to dig herself out.
