TLC Singer Bankrupt
November 30, 2011 by staff
TLC Singer Bankrupt, TLC had ten Top 10 singles, four multi-platinum albums, and won four Grammy Awards. Rapper Bow Wow, who went triple platinum when he was known as Lil’ Bow Wow in 2000, has had his own radio hits and a number of starring roles in films, including “Like Mike” and “Lottery Ticket.”
But are the music hitmakers facing money troubles today?
TLC singer Tionne “T-Boz” Watkins filed for bankrupcty last month, TMZ reported on Monday.
And Bow Wow owes the IRS $91,105.61, according to BET.
T-Boz owes creditors $768,642.99, mostly from mortgages on her $1.2 million house, court documents revealed. According to TMZ, the “Waterfalls” hitmaker still earns $1,200 a month in royalties. Her total monthly income is $11,700 and her expenses are just $8,821, so where’s the loss coming from?
T-Boz claims she wouldn’t be in financial trouble if she received $250,000 in child support that she says she’s owed in the court documents. T-Boz divorced from her daughter’s father, rapper Mack 10, in 2004.
While Bow Wow has more recent music success (his 2006 song “Shortie Like Mine” went to No. 1 on the rap charts), it appears he owes nearly six figures. BET reports a tax lien filed in Florida by the federal government says the rapper, real name Shad Gregory Moss, owes the government $91,105.61 for unpaid taxes from the year 2006.
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