Bobby Brown & Whitney Houston's Financial Woes, Had To Auction Items To Pay Bills

May 28 2018, Updated 10:09 a.m. ET
By Jen Heger - Breaking Celebrity News Legal Editor
Bobby Brown claimed in court documents that items he owned with Whitney Houston in a storage facility had to be auctioned off because neither of them could afford to pay the bill, Breaking Celebrity News is exclusively reporting.
As previously reported, Houston passed away on February 11 at the Beverly Hilton Hotel after she was found unresponsive in the bathtub.
EXCLUSIVE DOCUMENTS: Read Bobby Brown’s Court Declaration Detailing Financial Woes
During their contentious divorce in 2007, Brown submitted a sworn declaration revealing that the former couple had mounting money problems.
"It was no secret that I (as well as Whitney) had financial commitments we could not meet. In fact, just after the first of the year, our possessions held in storage were auctioned off due to a default judgement obtained for unpaid fees. Additionally, after Whitney and I separated I had no where to go and very little money to live on. I was for all intents and purposes, homeless," the New Edition star claimed in court docs.
Whitney Houston filed an income and expense declaration during the divorce proceedings and the documents reveal that she had a life insurance policy worth only $300k, had under $29k in her checking account and had debts of more than $4 million dollars.
The Grammy award winning singer filed the docs in 2007 and stated she had $40k in cash, $225k in stocks and earned in excess of $1 million for performances. Whitney's real estate assets included one property in New Jersey, which was worth $6.5 million but she owed $3.247 million on that estate. She also owned a townhouse in Atlanta, Georgia, which is where