Tlc T Boz Bankruptcy
November 29, 2011 by staff
Tlc T Boz Bankruptcy, Former TLC lead singer Tionne “T-Boz” Watkins filed for bankruptcy protection for the second time in less than a year, according to court documents. This time, she filed in a Georgia court to match her filing in the United States Bankruptcy Court of Northern District of Georgia in February.
Oh, she also filed for bankruptcy while raking in the cash with TLC back in 1995.
“Her total assets are $1.716 million, mostly her property. Her liabilities total $768,642.99, mostly her mortgage. (Her claimed assets in her February filing were $1.892 million and liabilities $742,258.52),” the Atlanta-Journal Constitution reported Monday.
She brings in a reported $11,700 a month, with expenses running $8,821. Most of that is in the form of mortgages totaling $5,170.
“Her property is worth $1.2 million, the documents say. She owes $740,470.03. Cash on hand? $1,000. Various household goods are valued at $100,000. Clothing: $75,000. Jewelry: $20,000. Exercise equipment: $2,500. Three vehicles (a 2001 Escalade, 2005 Odyssey and 2006 Mercedes Benz CLS 500) worth a combined $45,500″ the AJC added.
Yikes… mo’ money, mo’ problems, you know? We suspect a lot of it has to do with medical bills for her long battle with sickle-cell anemia and unpaid child support from the fathers of her children.
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