Celebrity lawyer Michael Avenatti already released a statement saying that he’s dropping his plans to run for president on the Democratic ticket in 2020, so there’s no way that any new bad news can hurt his chances — which is a shame because it was kind of fun watching him gear up for a presidential run.

We already knew he has financial troubles: in October, a judge ordered Avenatti to pay $4.85 million in back pay to former partner Jason Frank. Also, he was being evicted from his office for nonpayment of four months’ rent.

Now the Washington Examiner reports that Avenatti is on the hook for child and spousal support.

Amanda Lee Myers reports:

Orange County Judge Carol Henson on Tuesday ordered some of Avenatti’s assets be liquidated and sold for back child and spousal support.

Although the total amount Avenatti owes is unclear, he was previously ordered to pay more than $150,000 a month in child and spousal support.

In Tuesday’s order, Henson said Avenatti must pay at least $80,000 to Lisa Storie-Avenatti on top of the transferred assets by Jan. 2.

Among those assets are a 2017 Ferrari GT Spider, five watches including a Rolex that retails for $12,000, a sculpture by famed architect Frank Gehry and a six-seat business jet worth millions.

Not the Ferrari!

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Tags: child supportliquidate assetsMIchael Avenattispousal support