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Ronda Rousey's coach has filed for Chapter 7 bankruptcy

The coach for UFC fighter Ronda Rousey has filed for Chapter 7 bankruptcy. Edmond Tarverdyan initiated his Chapter 7 proceedings last July. There are some bizarre details about his bankruptcy filing, however, which have attracted a lot of attention since he began the proceedings.

For example, Tarverdyan reported that his net income is $0.00 and his gross wages are also $0.00. Furthermore, he listed his total family income as $-110.00. The income figures cover a six-month period from Jan. 1 to June 30, 2015.

It has also been reported that Tarverdyan owes creditors over $700,000. Court papers further indicate that the UFC trainer did not receive any income in 2013 or 2014, which is when he coached Rousey through her rise to fame. Meanwhile, Rousey has earned a lot of money as a result of her fame and successes in the ring -- $6.5 million in 2014 alone. The fact that the coach is claiming he has not earned any money during this important part of Rousey's career certainly draws a lot of question marks.

UFC 193 fight is coming on Nov. 15. The following day, Nov. 16, Tarverdyan will need to appear in court to address his creditors and answer any questions they have. Perhaps after the court session, it will become clearer how Tarverdyan can claim that he earned no income.

Chapter 7 bankruptcy proceedings are never something anyone wants to endure, but sometimes it is the only option for him or her to get back on sound financial ground again. That said, it is important to navigate the proceedings with the assistance of a qualified bankruptcy attorney to ensure that the process is carried out appropriately.

Source: Fansided, "Ronda Rousey's coach, Edmond Tarverdyan, files Chapter 7," Raphael Garcia, Nov. 04, 2015

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