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Lisa Marie Presley says she's $16 million in debt

Wonderwall logo Wonderwall 2/16/2018 Mark Gray
Lisa Marie Presley smiling for the camera: Lisa Marie Presley attends the Elle Women In Hollywood event in Los Angeles on Oct. 16, 2017. © Matt Baron/REX/Shutterstock Lisa Marie Presley attends the Elle Women In Hollywood event in Los Angeles on Oct. 16, 2017.

Lisa Marie Presley is in millions of dollars in debt and she can't afford to to pay her ex's legal fees, she says.

Just how much is she in the red? According to court documents obtained by TMZ, she says she's $16 million in debt.

How is that even possible?

TMZ reported on Feb. 16 that Elvis Presley's daughter filed new documents in her divorce from Michael Lockwood. In the paperwork, she claims she owes more than $10 million in unpaid taxes from 2012 to 2015.

In addition, she says she has defaulted on the mortgage of her house in the United Kingdom and she's trying to sell it. She says she owes $6 million on that home.

She also says she has debt from credit cards and attorney bills.

Lisa Marie Presley posing for a picture: Lisa Marie Presley arrives at the premiere of "Mad Max: Fury Road" in Los Angeles on May 8, 2015. © Apega/WENN.com Lisa Marie Presley arrives at the premiere of "Mad Max: Fury Road" in Los Angeles on May 8, 2015.

During their bitter divorce, Michael and his legal team have accused Lisa of hiding her assets and her worth.

Michael Lockwood wants his ex to pay him $22,000 a month in spousal support, despite the couple's post-nuptial agreement. Michael has previously told the court he only has $435 in his bank account.

He also wants her to pay his legal fees, which total around $450,000.

Lisa Marie Presley standing posing for the camera: Lisa Marie Presley and Michael Lockwood attend the "Mad Max: Fury Road" premiere in Los Angeles on May 8, 2015. © WENN Lisa Marie Presley and Michael Lockwood attend the "Mad Max: Fury Road" premiere in Los Angeles on May 8, 2015.

Earlier this month, the Daily Mail reported that Michael's attorney, Jeff Sturman, told the Los Angeles Superior Court judge that Lisa provided a list of her assets and debts, but said it's "completely useless" because she has the words "value unknown" next to most the items. He said that it's "frankly false" that Lisa wouldn't know the value of the items.

"This is somebody who is making a deliberate choice to fail to disclose," Michael's attorney told the court, according to The Mail. "What is in the trust? Is she holding $50 million there? We don't know. We don't know what she's worth because they won't give us any documents."

Lisa Marie Presley standing posing for the camera: Michael Lockwood and Lisa Marie Presley arrive at the 46th annual Country Music Awards at the Bridgestone Arena in Nashville on Nov. 1, 2012. © Invision/AP Michael Lockwood and Lisa Marie Presley arrive at the 46th annual Country Music Awards at the Bridgestone Arena in Nashville on Nov. 1, 2012.

The Elvis estate still brings in about $20 million annually. In 2004, Lisa, Elvis' only daughter, sold 85 percent of Elvis Enterprises for $100 million.

Lisa filed for divorce from Michael in June 2016, citing "irreconcilable differences." The former couple have twin 9-year-old daughters, Harper Vivienne Ann and Finley Aaron Love. They signed a post-nuptial agreement in 2007, indicating that neither party should have a claim on the other if they were to split. Michael, though, is claiming he was coerced into signing it and wants it torn up.

Related slideshow: Elvis Presley's family -- where are they now? 

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