️<unk>️<unk>️<unk>️  American Idol heartthrob Phillip Phillips has an estimated net worth of $3.5 million since coming out at the top in 2012 on Season 11. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ Daily Mail Online has learned exclusively that Phillip 'Donnie' Phillips and his wife Sheryl filed for Chapter 7 bankruptcy on September 19th in Georgia Federal Court.<unk> ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ Mr and Mrs Phillips, both 61, ran their own pawn shop for 24 years, however they sold it off in 2012 after defaulting on payments.<unk> Mr and Mrs Phillips, both 61, ran their own pawn shop for 24 years, however they sold it off in 2012 after defaulting on payments. singer songwriter Phillip, 24, worked at the family business before winning American Idol - but just a few months later failed to step in to save it.<unk> singer songwriter Phillip, 24, worked at the family business before winning American Idol - but just a few months later failed to step in to save it.<unk> singer songwriter Phillip, 24, worked at the family business before winning American Idol - but just a few months later failed to step in to save it. <unk> <unk> Idolized: Phillip's proud parents Phillip Sr and Sheryl were by his side as he sang his heart out to win the 11th Season of American Idol. <unk>Idolized: Phillip's proud parents Phillip Sr and Sheryl were by his side as he sang his heart out to win the 11th Season of American Idol. <unk> <unk> <unk> The Phillips family home in Leesburg, Georgia. Court documents obtained by Daily Mail Online show that his parents' financial woes continued to spiral while he amassed reported net earnings of $5 million in 2013 alone.<unk> Court documents obtained by Daily Mail Online show that his parents' financial woes continued to spiral while he amassed reported net earnings of $5 million in 2013 alone. Mr and Mrs Phillips have refused to lift the lid on the rumored family rift, however, and say they don't blame him for their money troubles.<unk> Mr and Mrs Phillips have refused to lift the lid on the rumored family rift, however, and say they don't blame him for their money troubles. He's a good son, he's there for us,<unk> Mrs. Phillips told Daily Mail Online from the doorstep of their family home in Leesburg, just outside Albany, Georgia. <unk> He's a good son, he's there for us,<unk> Mrs. Phillips told Daily Mail Online from the doorstep of their family home in Leesburg, just outside Albany, Georgia. There's no rift - in fact I've just come off the phone to him. 'There's no rift - in fact I've just come off the phone to him. The couple's debt includes $204,000 owed to the bank for four Georgia commercial properties, including a mobile home, $78,000 on their single-story family home and $3,400 for a Hilton Head timeshare. <unk> <unk> <unk> <unk> <unk> They also owe nearly $1,000 in medical bills, over $5,000 in credit card debt and $1,279 for dental services. <unk> They also owe nearly $1,000 in medical bills, over $5,000 in credit card debt and $1,279 for dental services. Both list themselves as unemployed although Sheryl brings in $1,822 from pension income and they get $700 in help... (Sheryl brings in $1,822 from pension income and they get $700 in help)
<unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> Phillip Sr. and Sheryl Phillips insist the Idol favorite is 'a good son' (Phillip Sr. and Sheryl Phillips insist the Idol favorite is 'a good son')