Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

$40,000 a month isn't enough for Linda Bollea

CLEARWATER — Linda Bollea's bank account has dipped below $200,000, according to her lawyers, and she desperately needs money to keep up her lifestyle and legal case.

On Thursday, divorce attorneys for Linda Bollea and Terry Bollea, a.k.a. Hulk Hogan, pushed back and forth over whether Linda should get a disbursement of $400,000 from the couple's frozen assets.

They ultimately agreed to give her the money, though it will be deposited directly into an account controlled by her lawyers and used only for legal costs.

"They know she's out of money," Linda Bollea's attorney, Stephen Thacker, said of the opposition from Hulk's side. "We're really down to the end." The couple has $7-million in cash frozen in accounts pending the outcome of the contentious divorce.

Linda Bollea is currently receiving $40,000 a month in temporary alimony payments, but the costs of her lifestyle and her legal defense mean that her bank accounts continue to dwindle. As of Oct. 30, she had just $186,000. And that's not including what she spent in November, Thacker said.

According to the court hearing, Linda Bollea has spent $850,000 on legal fees so far. Terry Bollea has spent another $1.6-million, including money he paid for his son's legal defense in the reckless driving case against him.

Outside the courtroom, attorney David Houston accused Linda Bollea of wasting money on a lavish lifestyle of five-star hotel reservations, first-class travel and other expenses. In court, he said there were tens of thousands of dollars unaccounted for in Linda's spending and dubious expenses, such as $4,000 paid to a friend for pictures of Linda and her dogs.

Houston told the court that the family faces "horrific" liability from a personal injury lawsuit resulting from Nick Bollea's car crash last year and Linda Bollea needed to be more careful with money.

Thacker argued that Terry Bollea was making money — $2.9-million in 2008 — and that it was unfair to deny Linda Bollea the ability to meet her expenses.

Jonathan Abel can be reached at jabel@sptimes.com or (727) 445-4157.

$40,000 a month isn't enough for Linda Bollea 12/11/08 [Last modified: Monday, December 15, 2008 2:52pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Allegiant Air reports $400 million in revenue for second quarter

    Airlines
    Allegiant Air CEO Maurice J. Gallagher Jr. | [Courtesy of Tony Jannus Aviation Society]
  2. Dade City's Wild Things touts cub encounters as conservation, but experts say they lead to too many tigers languishing in cages

    Wildlife

    DADE CITY — A lifelong animal lover, Lisa Graham was intrigued when she saw photos on social media of friends cuddling and petting baby tigers at zoos.

    A tiger named Andy is seen at Big Cat Rescue in Tampa. Big Cat Rescue is a nonprofit sanctuary committed to humane treatment of rescued animals, often coming from exploitive for-profit operations. LOREN ELLIOTT   |   Times

  3. Once close to death in Ukraine, sick girl finds hope in Tampa Bay

    Human Interest

    Everything was packed for Walt Disney World. Clothes for three nights. The pressurized air vest and pump that travel with her. The dress she would wear to meet Cinderella.

    Marina Khimko, 13, pauses for a moment during a walking exercise to test her prosthetic legs at a fitting appointment Dec. 7 at the Shriners Hospital for Children's Pediatric Orthotic and Prosthetic Services in Tampa.  [ANDRES LEIVA   |   Times]
  4. What you need to know for Thursday, July 27

    News

    href="http://www.tampabay.com/specials/2015/graphics/macros/css/base.css"> Catching you up on overnight happenings, and what you need to know today.

    Marina Khimko, now 14, pauses for a moment during a walking exercise to test her prosthetic legs at a fitting appointment at the Shriners Hospitals for Children's Pediatric Orthotic and Prosthetic Services in Tampa.  [ANDRES LEIVA | Times]
  5. Colors and culture in Cuba overwhelm first-time visitor

    Travel

    I landed in Havana with many questions about what we would witness in our brief visit. There was so much rich history and culture I wanted to experience, but the stories I had heard from Cuban refugees rang in my brain. After the death of Fidel Castro, some Cuban immigrants danced in the streets of Tampa and told …

    Havana is a photographer's dream. Bright colors abound, from the walls to the classic cars to the streets filled with tourists, musicians and locals. All of these elements are a part of photographs that were so rare for Americans to capture until very recently. I loved photographing this scene in front of this perfect yellow wall.