TOMMY Mallet has revealed he's "sold everything" after previously confessing to being hit by huge tax bill.
Last year the 31-year-old sold his multi-million pound luxury footwear brand Mallet.
Now the former Towie star, who is married to Georgia Kousoulou, has told fans that - following a "four month battle" - he's offloaded even more.
Writing on Instagram, Tommy said: "It's probably not over, but as it stands I can work and support my family.
"I've sold all my assets to defend myself and starting from scratch, but I've got some wonderful companies and I will give it my all to get it back so my family can continue living the life I worked so hard to give them."
Tommy added: "Just call me the monk who's sold his Ferrari for a bit."
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The Baby Steps star shares son Brody, two, with 32-year-old Georgia and last year the couple revealed they'd suffered a heartbreaking miscarriage.
Tommy later addressed this during an appearance on the Getting There podcast and also insisted he had "no money".
He said: "I've got nothing financially at the moment. I basically made an acquisition in January, it was quite a big one and it was to buy some shares back for Mallet.
"I put money into Mallet to get my shares back up thinking that I was going to go and basically build the next year, just full force.
"And obviously, after seeing you, I lost the baby. That turned my whole world around and I was like, something needs to change.
"I basically started from scratch. I've got the biggest tax bill ever."
Tommy also shared the reason he decided to sell his £200k Ferrari.
He said: "So when the fuel prices are going up and me putting petrol in the car bruv, it makes no difference to me money-wise.
"If you're driving a £200K car, doesn't matter does it?
"When I pull up at the petrol station and you've got my man struggling to put a tenner in his car to get to work, do I want to be pulling up in the £200K motor jumping out, putting it in the car, jumping back in.
"No man, that's not who I want to be. I want to be relatable. I want to be able to come across as a normal person."