More details are emerging about the financial trials actor Michael Jace faced after filing for bankruptcy in 2011.
Jace was arrested at his Los Angeles home Monday night on charges of murdering his wife. According to the New York Post, 51-year-old Jace shot his wife, April Jace, 40, in the face during a heated argument about their finances. The incident occurred in front of their two children, who are both under age 10. The children were taken to the home of a family member once law enforcement arrived at the scene.
— Joe Serna, LAT (@JosephSerna) May 20, 2014
In a news release, Los Angeles police said “at this moment” it is believed the motive is “domestic violence.” But Radar Online has learned just how severe the actor’s financial issues are, the issue that reportedly prompted the fatal argument. According to documents obtained by the site, since declaring for Chapter 13 bankruptcy in 2011, Jace has been between $500,000 and $1 million in debt. As of Oct. 16, 2013, he was $2,886 behind on his monthly payments of $962, leading the trustee over the case to file a document asking to dismiss the case because of the late payments. That request was withdrawn two months later.
The documents listed Jace’s total assets at $325,500 and his liabilities as $514,761.03. Among the latter were $22,276.03 in back taxes. According to the documents, there were some months where his wife was the only one contributing an income to the household. She brought in $1,976 with her job with the Los Angeles Unified School District.
Jace claimed to have made $71,270 in 2009 and $75,000 in 2010. But his income crashed in 2011, with Jace claiming in the documents he made only $17,000. This drop in income was likely the result of Jace’s diminishing TV roles. “The Shield” ended in 2008, with Jace moving on to less consistent work. He did have parts on “Private Practice” and “The Mentalist” in 2011 as well as a few appearance on “Southland.” But he hasn’t been a series regular on a show since “The Shield.”