Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Theresa Nist faced financial difficulties in her past marriage that resulted in the forfeiture of her home due to bankruptcy, records show.
Nist, who emerged victorious on the Golden Bachelor and recently tied the know with Gerry Turned, lost her $200,000 home due to a monetary ordeal.
Although her financial dealings have not always been plane sailing, today, the reality TV star boasts a wealth estimated between $500,000 and $1 million,
Theresa’ newfound wealth presumably stems from her ongoing work as a financial services professional.
This puts her in a more secure position than she was in during a short period while married to her late husband Bill, who she was with for 42 years he passed away in 2014, at the age of 63.
READ MORE: Theresa Nist takes Gerry Turner shopping to spruce up his wardrobe
Reports by the U.S. Sun state that the pair filed for bankruptcy in 1991, some 19 years into their marriage. A year later, Theresa and Bill lost the home that they shared with their son Tommy and daughter Jen.
Official records show that The Chapter 7 bankruptcy was admitted to courts in February 1991, and was discharged four months later.
This type of bankruptcy is generally reserved for low-income earners who are late in paying off unsecured debts, such as credit cards, loans, and medical bills.
Unfortunately, matters got worse when the couple’s mortgage company also took them to court, and they ended up losing their home in Cranford, New Jersey.
A couple of years later, Theresa was hit with a federal tax, owing $8,246, which was discharged in November 1995. Fortunately, things improved for the couple when they bought a new home and made a profit of $97,000.
Since the passing of her husband, Theresa has been enjoying a financially stable life thanks to her continued work at a large firm, coupled with a passion for investing.
The Golden Bachelor star previously told CNBC: “At 46-year-old I developed a passion for the stock market.
“I went to the library and read every book I could find on stocks and the markets. I bought three stocks in solid companies that I planned on holding forever.
“I probably would have been better off if I had held them, collecting their dividends all these years, but trading every day was much more appealing to me (far more exciting).”
Today, the newlywed works for a company that “oversees one billion dollars in assets across its 5,347 accounts, placing it among the largest firms in the United States by assets under management”.
English