TLC's T-Boz Files for Bankruptcy | Welcome to Linda Ikeji's Blog

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Monday, 28 November 2011

TLC's T-Boz Files for Bankruptcy

Who would have ever thought that a member of one of the best selling girl groups of all time could go broke?

From TMZ
According to docs filed last month in U.S. Bankruptcy Court, T-Boz (real name Tionne Watkins) found herself owing creditors $768,642.99 -- mostly from mortgages on her $1.2 million house.

The docs don't paint a picture of exorbitant spending -- she takes in $11,700/month in income, with monthly expenses totaling $8,821.

TLC had ten top ten singles, four number one singles, four multi-platinum albums, and four Grammy Awards ... but according to the docs, T-Boz only pulls in $1,200/month in royalties.

T-Boz might have dodged the bankruptcy bullet if she'd been able to collect the child support she claims she's owed -- which according to the docs is $250,000.

Maybe it's time for a reality show???

18 comments:

Atobatele said...

Linda has speak my mind...Reality show unveiled.

On that G.O.O.D Album with D'bang said...

She's not the first, not the last. Just ask Toni Braxton...

Anonymous said...

Exacto it's time for a reality show!
Reducing her monthly expenses would have worked too. Unless she couldn't find a buyer, she could have tried selling and moving to a cheaper place

Anonymous said...

"Maybe it's time for a reality show???" Lol, Linda cut her some slack abeg:)

» Racist Rant: UK » said...

The offensive racist rant by a dreadful and vile white woman which was recently captured on camera phone, shocks tram passengers in London.


http://www.telegraph.co.uk/news/newstopics/howaboutthat/8920988/Racist-rant-of-mother-captured-on-camera-phone-shocks-tram-passengers.html

Anonymous said...

LOL @ reality show. Linda you no well. But seriously though, can't she sell the $1.2 million home and live in something cheaper? There are plenty homes that are big and beautiful and don't cost that much in the US especially there in Atlanta where she lives. Besides the cost of houses are cheaper now due to the weak economy. Everything in America na gbese and people trying to live above their means. She is broke though she takes in $11,000 every month. Most of these akata don't know how to manage their money. How many people are lucky enough to earn $5000 a month after taxes in america? Na wa!

Anonymous said...

For this yankee dem too dey like spend money wey dem no get. Everything na credit card. when bill come dem no fit pay! Thank God say naija no get credit card if not our country for don broke.

Doja 2.0 said...

'The docs don't paint a picture of exorbitant spending -- she takes in $11,700/month in income, with monthly expenses totaling $8,821.'

The docs don't paint a picture of exorbitant spending? I always thought exorbitant spending meant having more expenses than you earn!

Anonymous said...

Filing bankruptcy does not translate to being BROKE. People do it to avoid paying back creditors. Donald Trump has done it several times, to avoid creditors. It makes no sense for TBOZ to continue making mortgage payments when the prices of the houses she owns has fallen. R Kelly is doing the same thing

Anonymous said...

linda put pix for face of sleek winner pls

Anonymous said...

In the black and white picture, she resembles Michelle from destiny's child.

mrsdaramola said...

Her sickle cell disease must have taken its toll on her finances. She just had major brain tumor surgery. All surgeons refused to operate on her advising her to basically leave it and die. She found a brave surgeon who carried it out successfully and has survived. May we not spend money on sickness IJN.

Str8FrmDaHips said...

Of course now...join Toni Braxton..at least they cannot blame Pebbles now or Babyface!!
She has had some major help issues being diagnosed with Sickle Cell..so obviously not healthy enough to perform..but still tho..the outgoing expenses!!

Str8FrmDaHips said...

This Racist rant wouldn't surprise me due to recession...but they cannot drive the ethnics out they make the economy thick...they would try but it ain't that easy..the average British are lazy period...visit the UK and count the no of White English doing any tangible work..zilch..they spend thier time watching Eastenders..Reality shows..and gossip mags whilst foreigners are hustling and educating themselves..na frsutration go kill them..does this stupid woman know how much firms like BA and BP make in should i say ethnic countries??..enough wealth to buy Britain twice over...

Anonymous said...

@ Atobatele your grammar no get part two o lol

chichiluv said...

Wow, Tionne! She could have downsized by renting out the house which even Oprah is doing with one of the houses she's not living in and buying a two bedroom condo. She didn't manage well but like someone has said, filing for bankruptcy doesn't mean that one is broke, it is a way to avoid having to pay creditors. It will stay on her credit report for 10 years and then it off and she's gets a clean report like nothing happened. And she probably had a lot of out of pocket expense for her illness because health insurance doesn't cover everything as expensive as they are and she doesn't have a regular job so she's probably paying for the insurance out of pocket too.

America no dey easy o, hm!

snick said...

Tboz has been very ill for quite a while... maybe medical bills are part of the problem.

Anonymous said...

I FEEL BAD FOR HER... I HOPE EVERYTHING GETS BETTER

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