T-Boz Files For Bankruptcy

I found an article detailing the bankruptcy of TLC singer; T-Boz. Read more below for more info:

T-Boz, of 90's R&B girl group, TLC, has reportedly filed for bankruptcy for the second time since doing so in 1995.

Tionne "T-Boz" Watkins filed for bankruptcy in October, according to TMZ. According to the court papers, she's hoping to unload about $768,643 in debt to creditors -- primarily mortgage payments for her $1.2 million dollar home.

Apparently, the rapper and singer has an income of $11,700 a month and describes her monthly expenses as only totaling $8,821. With several successes during her career with TLC -- which includes four multi-platinum selling albums - she only gets $1,200 a month in royalties.

T-Boz claims on the court papers that she is currently owed $250,000 in child support payments.

In 1995, T-Boz and her TLC band mates made headlines when they filed for Chapter 11 bankruptcy at the height of the success of their Grammy-winning album, "CrazySexyCool," which sold 11-million copies in the U.S. alone.

Close to nine years later (2004), T-Boz tried to show her entrepreneurial skills on Donald Trump's "The Celebrity Apprentice" on NBC, but was fired after the show's sixth task after she volunteered to return to the boardroom. Last year, she also appeared on band mate Chilli's VH1 reality show, "What Chilli Wants," which chronicled the singer's search for love.
I feel so bad for T-Boz especially since this is not her first bankruptcy. Then again why should you feel bad for someone who reportedly flounders their money or can't pay their bills? I just have a soft spot for T-Boz. I have always loved her!

----------------
Now playing: Mariah Carey - Breakdown
via FoxyTunes
Post a Comment

Popular posts from this blog

Album Spotlight: Ne-Yo - In My Own Words

*UPDATED* Music Feed: Janet Jackson's Most Sexualized Songs: REVISITED