Corey Feldman finalizes divorce as he’s ordered to pay six-figure sum – and the fate of his Michael Jackson memorabilia is revealed

Corey Feldman and his estranged wife Courtney Feldman have officially finalized their divorce, with a Los Angeles judge signing off on a financial settlement that includes a six-figure lump-sum payment.

According to court documents obtained by TMZ, the former child star will pay Courtney $100,000 in spousal support as part of a settlement resolving their split. 

Under the terms of the agreement, Feldman must make an initial $10,000 payment within five days of executing the deal, followed by $10,000 payments every two months until the full amount is satisfied.

Feldman will also remain responsible for outstanding IRS debt from 2021, which court records note he has already been ‘paying down.’

Despite the significant payout, the actor will retain several high-value assets, including a 2016 BMW, a 2021 Mercedes-Benz, a 2013 Coachmen Mirada motorhome, five shares of Tesla stock and his collection of memorabilia tied to his late friend Michael Jackson.

The former couple, who did not share any children, married in a lavish Las Vegas ceremony at Caesars Palace on November 22, 2016. 

They separated on June 22, 2023, with Feldman publicly confirming the split later that summer.

The Daily Mail has reached out to representatives for Feldman for additional comment. 

In a statement filed with the court on November 20, the judge overseeing the case confirmed that the pair had reached a comprehensive financial resolution.

Feldman later told Us Weekly that he felt relief knowing ‘the most painful part’ of the separation was behind them.

‘I pray for everyone involved that we can move on with our lives and heal,’ the Los Angeles native said at the time. ‘Please respect my wishes for privacy regarding this matter moving forward, as I have a very full slate of exciting things in the works for next year, and that’s where my focus needs to be.’

Feldman and Courtney, a Canadian-born model and DJ, both cited health challenges as a contributing factor to their breakup. 

Courtney previously revealed that her diagnosis of chronic fatigue syndrome made it difficult to keep up with Feldman’s touring lifestyle.

‘It’s been a long journey of dealing with my own chronic fatigue syndrome,’ she said in a statement, adding that despite their separation, she would ‘always cherish’ the time they shared and remained grateful for Feldman’s support during her health struggles.

At the time of their split, Feldman told NBC News that he had been voluntarily paying spousal support and intended to continue doing so regardless of a court ruling, stressing that there was no infidelity involved.

Court filings later revealed growing tension over finances. 

Courtney asked the court earlier this month to increase her monthly support, arguing that the $3,500 Feldman had been paying – previously raised from $2,000 – was insufficient given the disparity in their incomes. 

She cited her part-time work as a barista and Goodwill employee, while noting Feldman’s reported six-figure payday for appearing on Dancing with the Stars.

She requested $7,226 per month in support, along with retroactive payments and attorney’s fees, before the two sides ultimately reached their final agreement.

Feldman later addressed the emotional toll of the legal battle in a post on X, writing that ‘pain isn’t always physical’ and admitting that emotional and mental distress had been overwhelming at times.

A representative for Feldman previously told Us Weekly that Courtney’s requests were ‘unexpected and excessive,’ adding that the actor had continued to financially support her and maintain her health insurance since their separation.