"The child star listed his assets as his $3 million Fort Lauderdale home, two properties in the Bahamas that he bought for $387,000 each, a 2009 Chevrolet Corvette, a 2004 Lexus with an unknown value, $120 in cash and $3,000 in bank accounts.
He also said he has $20,000 in furniture, nearly $500,000 in retirement accounts, $30,000 interest in a tax refund, and $94,000 owed in his legal victory against Sony for unpaid royalties from The Partridge Family.
His debts, however, include an $855,000 line of credit on his Florida home, $803,000 on the first mortgage on the home, $21,000 in American Express bills, more than $150,000 owed to lawyers and a $292,000 Wells Fargo personal line of credit.
He said that his average income monthly is $12,500, but his expenses top out at $27,772 - leaving in $15,000 in debt every month."
http://www.dailymail.co.uk/tvshowbiz/article-4176718/David-Cassidy-blames-bankruptcy-Partridge-Family-checks.html