Mr. Biden’s art dealer had praised him as a major talent in the art world.
His critics said his buyers were paying for access to the Biden family, not for the artwork.
In his court filing, Mr. Biden said he has “significant debt,” nodding at press reports that put it at “several million dollars.” He said he’s unable to get new loans.
He also said his rental home was rendered unlivable by the Palisades fire in January. “I am having difficulty in finding a new permanent place to live,” he said.
Mr. Biden’s 2024 also saw him convicted of federal gun and tax evasion charges. His father, Joseph R. Biden, gave him a pardon in December when he was still president.