t-boz

Hip-Hop Rumors: T-Boz Files For Bankruptcy

POOR T-BOZ – FILES FOR BANKRUPTCY

Look what I found on Vibe Vixen! Poor T-Boz from TLC has had to file for BKO! Good luck, hon. This Christmas season is a doozie.

Looks like T-Boz will have to stop “chasing waterfalls” before she ends up penniless. The former raspy voiced member of the highly successful group TLC which dominated the 90’s music scene with strings of melodious hits, filed for bankruptcy last month.
T-Boz whose real name is Tionne Watkins, was forced to bite the bullet and file once it became clear that she was unable to keep up with her mortgage payments for her $1.2 million abode. She now owes creditors about $768,642.99 according to court documents but interestingly enough there is no evidence of the kind of excessive spending that typically inspires celebs to embrace this particular option. The details of her spending habits and living expenses paint a reasonable picture. She rakes in about $11, 700 a month and spends about $8,821 monthly.

It’s also worth noting that despite numerous top ten singles and four platinum albums, T-Boz remarkably only gets $1,200 a month in royalties.

Perhaps a reality show could save the day? There seems to be plenty of green paper flying around in that arena.

I MISS TLC!

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  • $18916246

    To T-BOZ:

    “EVERYTHING IS GONNA BE ALRIGHT”!!!!!!!: “WE LOVE YOU”!!!!!!!

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  • Damn!
    12 Racks a month & still can’t make ends meet?

    1.2 Million crib?
    Could have bought 24 low income multi units at $50K each , bringing in $1,000 a month , for $24k a month residual income.

    5yrs x 24k = 1.2Million? ( Pay Back )
    Next 5yrs = 1.2 Million house paid in full

    Now the $24K monthly income ,  allows for $16K left over a month to do whatever.

    The slow runner wins the marathon of life.

    Vanilla Ice had 1 hit & lives better than many rappers of his day , with more hits.

    TLC went bankrupt before , when they were on top of the charts. #4 , with Crazy , sexy , cool album….selling 6 Million copies.

    1.3 Million was for Left eye ( RIP ) burning down Andre Risen’s crib. ( Atlanta Falcon )

    Tough breaks for talented females.

  • a_dash

    Where is the source of her income if she only gets 1,200 in royalties??

    • Tony G.

      wasnt she supposed to have opened a kids clothing store in ATL or something?

  • H. U. S.

    Nothing is going to save this chick, a lot of people just read the last paragraph and not the whole thing.

    T-Boz did this to herself, excessively spending money on BS and clothes for her kids. Hey T, who wearin those pants now?

    • Tony G.

      the article says she doesn’t spend excessively…she still according to the numbers has abotu 3 grand leftover

      • H. U. S.

        Yeah 3 G’s is like 300 dollars leftover for normal people.

        She did a interview once and said how she’d spend $60K on her kids’ clothes, at that time the kid wasn’t even 4…and that’s not gossip info, it came straight out of her mouth!

  • Trauma562

    That’s life

  • TLC got jerked bad

  • MrTroyMercy

    This ain’t no fuccking rumor ….smh!!! TBOZ , gonna go bankrupt again ? That’s the curse of TLC , smh…beat downs ,death , break ups and bankrupts … I had a crush on all these broadback in the day especially Lefteye(r.I.p) but this ain’t neswworthy cause if u ain’t investing ya money right , you go bankrupt..u lose.

    Thank god for me having a fam ful of hustlers …plus a sure determination not to be content.

    These stars thinks its gonna last forever , so they live for the moment but I think about past , future and present and I know that’s why I have been blessed …

    Smh @ this being hip hop news…

  • T Boz also has medical bills

  • MrTroyMercy

    Fucc a spellchecck and fucc yo punk azz moderation bitcch!!!!!!!!!!!!!!!!!

  • WOW, ANOTHER ENTERTAINER GOING BROKE.

  • People are stupid…Bankruptcy PROTECTS your assets..it DOES NOT mean your broke..Only us black folks think that every time someone files it they are automatically broke…Luke and hammer filed it to GET OUT OF FINANCIAL OBLIGATIONS DUE TO CONTRACTUAL AGREEMENTS…As Bankruptcy clears all signed agreements and starts you a new temp-wise. I am sure there is a plan to cut cost or get her house for free maybe and wipe the debt away so she can bank and save without them stalking her…I would LOVE to be T-Boz broke right now…lol $1200 a month would do me fine. Fugg dat sheeet.

    Keep in mind she just had a stroke and has sickle-cell…so this could be her slick way of getting out of those constant large hospital bills…We as a people should stop looking for a negative.

    • Tony G.

      true

    • Casor_Greener

      Nikka STFU! If you filing BK you can’t aford to pay yo bills. If you can’t afford to pay your bills, you are broke.  Stop thinking BK is cool, that’s why so many people are ignorant now. Trying to pass off that b.s as knowledge

      • TheBoxcarHobo

        He’s right tho, Donald Trump has filed for bankruptcy numerous times and I’m pretty sure he’s not broke.

      • Casor_Greener

        Donald Trump’s Corporation filed for BK not the man himself. 

        Personal BK is different than Corporate BK.

        Again people need to get informed and stop spewing non-sense.

      • TheBoxcarHobo

        Yeah but its still to protect ur assets just like he said. If u make 60k a year and you file for bankruptcy then that’s a problem, but when you own multiple homes, businesses etc. or have a high net worth then bankruptcy is just a tool to reorganize and prioritize debt.

      • Casor_Greener

        BK is not a “tool” man you are too smart for this line of thinking.  Many times you will still lose assets in BK and when you emerge, you will still have to pay some of these debts.  Most creditors will not accept pennies on the dollar if they know at one point you will be able return and pay these bills.

        not to mention pis poor credit and the inability to make some necessary financial moves SUCH AS the all important ACCESS TO CREDIT.

        MOST OF THE TIME, filing personal BK is a last ditch effort to save the little money you have left.  It is not a smart financial “tool” to organize debt.

        Don’t let them gas you…

      • EL_BARK

        True……..

        Mike vick still had to pay back thst 20 million he owed, off the top,
        Of that 100 million..

        BK is normally a last option, for anybody to keep what they have.
        And new laws, that were passed not to long ago, make it even harder to get away scott free.

        Just like vick, had to come up with some type of reasonable plan to pay back the creditors.
        And a judge had to approve it.

        In t-boz case she prolly doing it to say her house and car….
        And 11,000 a month is barely over 6 figures.

        So for her, thats consider broke.!!!!!!!!!!!!

        But

      • Papi Peligro

        AIN’T NO BANKRUPTCY protection Bush got rid of that. It ain’t nothing but a debt consolidation you still have to pay it.  

      • So sad you wear your ignorance on your sleeve. T-Boz makes 11 thou a month and pays out 8 thou in bills. Nothing broke about that. She obviously wants to hold onto a lil more of that 11 thou and pay out less than the 8 thou currently paying out. Most People who file bankruptcy have money coming in as well as assets they want to keep. Tell me the last time someone with no real income or assets spend two grand on a lawyer to file a chapter 13 for them. You have shown that your money is weak….Class is out dummy…..

      • Casor_Greener

        MAn you are a clown.  $11k a month income and $8K in bills?!?!?! That’s more than %70 DTI and hints at limited cash flow. I’m sure I’m talking over your head now.  If you think coming up with $2k to file BK means you are balling or is in anyway indicative of a “good” financial position you have to be small minded.  But go ahead my fellow black people and keep thinking BK is a sound financial “tool”. I accepted the doctrine of the Talented Tenth a long time ago….

      • Exactly!

    • Papi Peligro

      YO I’M GONNA BE THE RETARDED ECHO TO AMEN_RA. 

    • Breakdabars

      Bankruptcy helps but it also ruins your credit

  • AugustusPaulo

    Who’s the scrub now ?

    • Casor_Greener

      Now that was funny!!!

  • King Cold

    Damn shame..but they did say that the group was being ripped off terribly. Smh.

  • TLC was an incredible group. I miss them as well

  • Dont forget that MAC 10 owes like $80,000 in child support for their daughter also.

  • I wish I had $3000 left over every month after paying all my bills!