Last month, former TLC singer 41-year old Tionne Watkins, or T-Boz, filed for personal bankruptcy with $768,643 in debt.
The bankruptcy filing shows that most of the singer’s debt is related to mortgage payments on a $1.2 million home. Watkins, a four-time Grammy award winner, and the rest of TLC filed for Chapter 11 bankruptcy in 1995 at the height of their popularity.
Now, the singer earns about $1,200 a month in royalties for the band’s music. Sources report that she is owed around $250,000 in child support from her ex-husband.
Furthermore, the bankruptcy filing reveals that the singer’s current monthly income is $11,700. The filing also shows that Watkins spends around $8,821 every month.
If you or someone you know would like to learn more about managing debts through debt negotiation, contact the Milwaukee debt negotiation attorneys of DeLadurantey Law Office at 414-377-0518 to discuss your situation with one of our experienced bankruptcy lawyers.