A California judge has ordered Michael Avenatti to surrender assets to his estranged wife, Lisa Storie-Avenatti.
a California judge has ordered Michael Avenatti to surrender to his soon-to-be-ex-wife a Ferrari, monthly payments of more than $160,000, and his law firm’s stake in a private jet, court documents filed in Orange County, California state.
Avenatti was forced to pay $37,897 per month in child support and $124,398 per month in spousal support – with both payments being applied retroactively to January 1, 2018.
By the time 2019 rolls around, Michael Avenatti will have owed his Lisa Storie-Avenatti a combined $2million in spousal and child support just for 2018, according to a report by TMZ.
As part of the settlement with his wife, he will write child support checks for $40,000 for December and January.
In order to make up for the rest of what is owing, Avenatti will have to surrender a number of assets for Storie-Avenatti to liquidate.
These will include a 2017 Ferrari 488 GT Spider that he was leasing; five luxury wristwatches, a few of them worth at least $50,000; a sculpture by Frank Gehry; and a number of expensive pieces of art.
Avenatti is also required to sign over to his wife his law firm’s stake in a 2016 Honda private jet.
Two years ago, a brand new Honda private jet would have cost $4.5million.
A 2017 Ferrari 488 GT Spider sells for at least $280,000.
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