Wednesday, November 30, 2011

T-Boz Of TLC Files For Bankruptcy Again While Ex Hubby Owes Over $25,000 In Back Child-Support!

Tionne “T-Boz” Watkins of the 90's mega girls group TLC recently filed for bankruptcy protection. This is the second time in less than a year. Watkins, 41, entered a similar bankruptcy protection filing with the United States Bankruptcy Court of Northern District of Georgia in February. It was dismissed the next month.

TMZ reports that T-Boz has been drowning in bills due to lack of income, something I'm sure most of America can relate to. here is a quick summary of what she earns vs what she owes...

-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 filing says her monthly income is averaging $11,700, $1,200 from royalties tied to her days with TLC. Her estimated monthly expenses are $8,821, $5,170 of that from the mortgage alone. But in 2011 through the end of October, she reported her income from employment or operation of business totaled a mere $14,000.

- 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.t again.

On top of her massive debt it appears that her ex husband Mark Jefferson (California rapper Mack 10) owes T-Boz over $25,000.00 in back child-support! The two have an 11yr old daughter together. we're sure that money could have help prevent her from having to file bankruptcy yet again.

T- Boz has suffered from major medical problems over the years. for years she has battled Sickle Cell Disease and in 2006 was diagnosed with a brain tumor, which has been treated. It would seem as if this woman can't get a break but she keeps still pushes on. In 2009, she appeared on NBC’s “Celebrity Apprentice.” She lasted six episodes and raised $20,000 for the Sickle Cell Foundation of Georgia.

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