Lori Vallow bankruptcy filing reveals her $710K Texas mansion and claim she needs $72K a year for essentials
LORI Vallow told a Texas judge that she could not live on any less than $72,000 during a 2005 bankruptcy hearing. She was Lori Ryan at the time, having just divorced her third husband Joseph and been evicted from their $710,000 mansion with son Colby, 9, and two-year-old daughter Tylee. Lori, 46, was arrested back […]
LORI Vallow told a Texas judge that she could not live on any less than $72,000 during a 2005 bankruptcy hearing.
She was Lori Ryan at the time, having just divorced her third husband Joseph and been evicted from their $710,000 mansion with son Colby, 9, and two-year-old daughter Tylee.
Lori, 46, was arrested back in February and charged with multiple offenses, including two counts of desertion and nonsupport of her children.
The whereabouts of daughter Tylee, 17, and 7-year-old son Joshua ‘JJ’ are still unknown, and there is no evidence to suggest that Lori is cooperating with police on the matter.
She is currently being held in jail because she has not posted bail, which was already reduced last month from $5million to $1million.
In the weeks before her arrest she had been galavanting around Hawaii, where she was seen out and about with her fifth husband Chad Daybell.
Money certainly did not seem to be an issue to the two, and it has since been revealed that much of the trip may have been funded by their ex spouses.
Chad had just received a little over $400,000 from his wife’s life insurance, while Lori was found to be in possession of her daughter Tylee’s bank card.
Tylee was left money by both her stepfather Charles Vallow and father Joseph Ryan, whose deaths are now being investigated with Lori a person of interest in both cases.
Money issues seemed to surround Joseph and Lori during their marriage as well, as evidenced by bankruptcy documents obtained by The Sun.
Lori said that she was $1,000 short of having the money necessary to cover her basic expenses each month in arguing for the filing, owing approximately $720,000.
At the time, these were her monthly expenses:
Lori's list
Rent $1900
Electricity $400
Water $50
Phone $50
Home maintenance $50
Food $700
Clothing $100
Laundy $100
Medical and dental $250
Charitable contributions $400
Homeowner’s insurance $60
Auto insurance $80
Car payment $500
Work expenses $1560
She owed $560,000 on the house at the time, and $16,000 on a car that was worth less than that according to her filing.
Lori also owed close to $100,000 in taxes despite taking home just $31,000 in salary for the previous three years combined.
Those $6200 worth of monthly costs weren’t covered by the $3900 she took home from the salon each week and Joseph’s $1500 child support payment.
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Lori, who owed money to Target, Bank of America and Capital One still insisted on driving a pricey car and living in a sizable rental with her two children in Austin.
Her money woes would eventually disappear when she met Charles Vallow, though he made sure that she got nothing upon his death.
Charles, who was shot dead by Lori’s brother Alex in what he purported to be an act of self defense, took Lori off the policy when he learned she had tried to change his passwords in the months before his death.