accessAtlanta

City & State or ZIP Tonight, this weekend, May 5th...
City & State or ZIP
City & State or ZIP Tonight, this weekend, May 5th...
City & State or ZIP

TLC’s T-Boz files for bankruptcy protection again

Tionne Watkins in 2009 when she appeared on NBC's "Celebrity Apprentice." CREDIT: NBC

Tionne Watkins in 2009 when she appeared on NBC's "Celebrity Apprentice." CREDIT: NBC

This is not crazy, sexy or cool: Tionne “T-Boz” Watkins of Atlanta’s TLC last month filed for bankruptcy protection for a 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.

Her attorney Peter Bricks Monday declined to comment.

TMZ broke the news. We looked at the Duluth resident’s bankruptcy filing and gleaned that her problems are not exorbitant spending but a relative lack of income:

- 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.

- She is claiming Mark Jefferson owes her $22,500 and her ex-husband Mack 10 owes her $250,000 in child-support payments. (She has an 11-year-old daughter with Mack 10.)

- She valued ownership of various companies and royalties at a mere $1 apiece.

- She is in arrears $105,000 on a $577,000 primary mortgage and $3,400 on a $153,000 second mortgage on her home. She owes $8,284.75 on her Honda Odyssey and $2,850 on her Mercedes.

- She conducted two estate sales in September and October 2011 and pocketed $11,000.

Since her February filing, she has increased her mortgage load from $704,548.52 to $740,470.03 on October 31, 2011.

Watkins has suffered from major medical problems over the years. She has suffered from Sickle Cell Disease and in 2006 was diagnosed with a brain tumor, which has been treated. In 2009, she appeared on NBC’s “Celebrity Apprentice.”  She lasted six episodes and raised $20,000 for the Sickle Cell Foundation of Georgia.

She filed for Chapter 13 bankruptcy protection, which enables people with regular income to develop a plan to repay part of all of their debts.

According to Zillow, her home is six bedrooms, six and a half bathrooms and has 9,654 square feet. It values the home at $960,100, significantly less than what Watkins claims in her filing but more than what she owes with her two mortgages.  It was built in 2000 and last sold on October 9, 2011 for $1,122,700, according to Zillow.

According to Lexis/Nexis, she was living in Woodland Hills, Calif. as recently as October, 2011 but has owned her current Duluth property since 2001.

She put the house up for sale for $1.25 million in September, 2009 but withdrew the property for sale a year later, according to Zillow.

Watkins and her TLC mates in 1995 files for bankruptcy protection as well but that was when the group was generating a huge amount of income. At the time, Watkins’ sickle cell problems had forced the trio to cut short a tour.

By Rodney Ho for the Buzz

132 comments Add your comment

Tony The Crat

November 28th, 2011
5:31 pm

“She owes $82,84.75 on her Honda Odyssey and $2,850 on her Mercedes.” Ok this has to be a misprint right? What kind of options package does that Honda have on it? And I was complaining about my Prius options

BEVERLY

November 28th, 2011
5:31 pm

GOOD LUCK T-BOZ PEOPLE ACT LIKE SINGERS DONT HAVE PROBLEMS STOPPREADING PEOPLE BUSSINESS ON THE INTERNET AND T.V AND FOCUS ON WHAT’S REALLY GOING ON LIKE RAPE, NO JOBS, KILLING, ROBBERY GOOD BLESS YOU AND WISH YOU WELL.

Ellen

November 28th, 2011
5:44 pm

Hang in there. Bankruptcy happens to the best of us. Best wishes for a fresh start. And God speed to your good health.

Ike

November 28th, 2011
5:45 pm

“. She owes $82,84.75 on her Honda Odyssey”…Say what??????? How much is that in real money???

loyal falcon

November 28th, 2011
5:48 pm

Hang tough T-Boz…this will only last a season. You’ll be just fine. May God Bless you.

Rodney Ho

November 28th, 2011
5:55 pm

@Ike. Misplaced comma. It’s 8,284.75.

Rodney Ho

November 28th, 2011
5:56 pm

@Tony the Crat. Comma is misplaced. It’s $8,284.75.

ryan

November 28th, 2011
5:57 pm

82,84.75 lol who wrote this I am unemployed and need a job and would love to write nonsense and not use spell check all day to get paid. lol

Sassyone

November 28th, 2011
5:59 pm

Why would you put her childs name on the internet ? Shame on you and your gossip

Vote for Obama cause he's black

November 28th, 2011
6:03 pm

Only in the Atl,people have no business trying to live in a 10,000 ft home,drive a Mercedes Benz,that come from her background.
She is uneducated,grew up in a 1000 sf home.Like many others around here who are obsessed with flossin,this is the end result..
Do people who wanna be somebody so badly know how stupid they look trying to floss ?
People that live a simple life,live in smaller homes,drive paid for cars,are so much happier.
She’s a nice girl,maybe she’ll become humble now.
Good to be humble.

aklawson

November 28th, 2011
6:04 pm

wow…i agree with you sassyone…why put her childs name out there, what did that help..and to put her all her business out there…are you going to help her with her bills? SMH !!!

Joey

November 28th, 2011
6:08 pm

Just another dumb musician that squandered millions. Get a hint. Do you really need 3 vehicles and 2 homes?

Realistic

November 28th, 2011
6:30 pm

She need to move in one of these foreclosed homes for $70,000. She can can manage on what she has. She just needs to downgrade a bit.

Fred

November 28th, 2011
6:30 pm

What am I missing here? It says her monthly income is $11,700, and her monthly expenses are $8,821. That means she has $2879 after all her bills are paid. Or is that income gross not net? Either way I feel bad for her. It would seem that she has been through a lot. Shame her babydaddy can’t man up and pay his child support.

It’s amazing she lived past 30 according to doctors. In most cases with these “celebrities” I would say who cares, but it doesn’t seem like she’s the typical Hollywood/music industry scumbag. Good luck girl.

Jay

November 28th, 2011
6:57 pm

Who’s the scrub now?

Tammy

November 28th, 2011
7:11 pm

I agree she should move into one of these forclosed homes and try to maintain one of these. When the money is not flowing like it use to a person has to make cutbacks, even if that includes your residence. If she is owed that much in child support she needs to take that joker to court cause getting evicted from your home is not cool when you have kids. Mack 10 needs to pay up even if it is in installments.

LadyK

November 28th, 2011
7:21 pm

Things happen and that’s that. The woman has been dealing with a serious illness for some time and can’t work like she use to. Bankruptcy is NOT a bad thing like it use to be. At least she took action to fix her financial issue. TBoz I pray that things turn around for you. This is only temporary and you will have fresh financial start. I’ve seen people who filed bankruptcy and ended up better off than most people who haven’t filed. If you were an ordinary person people would say “so what?” I hope everything works out in your favor. God Bless!!

James

November 28th, 2011
7:48 pm

TLC is the best selling female act of all time but what’s sad for her is TLC like Tony Braxton and others on the LaFace label had bad bad bad recording contracts.In the music business if you dont write songs,own publishing or produce the music you end up like this.All of the TLC money is going to Dallas Austin,LA Reid,Kenneth “Babyface” Edmonds because they wrote and own the music.I wish her well,she is such a talent.

Kapoonka

November 28th, 2011
8:10 pm

No one is exempt from financial troubles. She is doing what most people in her position would do, and it’s nothing shameful about it. She comes off to me as someone who wants to live a low profile, regular life. Now whether her current income situaution will allow that is another story, but she’s definitely not balling out of control. This is the sad part about being a public figure….everyone gets to know all your biz…. I wish her the best….

Keep Your Head Up~

November 28th, 2011
8:14 pm

TBoz! Keep your head up and do what you need to do. We all are human.
Blessings…..

Keep Your Head Up~

November 28th, 2011
8:15 pm

Oh! Love Ya..

at HIS will

November 28th, 2011
8:30 pm

She is very humble. I met her at the Publix in Duluth a few years back and she spoke and talked to me like she had knew me from years ago. I’d worked there at the time and I asked her her name and she said Tionne. I was expecting T-Boz, but to my surprise, she said her real name and not trying to act like she was above me or anyone else that worked in a grocery store. Keep your head up Tionne. If you keep walking you will make it through this ordeal! Much love for you

Pay yo bills

November 28th, 2011
8:33 pm

What is it with all these rappers that make millions, squander it all, and end up filing for bankruptcy? Is it poor education, poor choices, a background of financial ignorance? And where is this bum male rapper who refuses along with many other men of his ilk to pay child support? What these women need to do is start throwing these men in jail for not paying their child support. There needs to be a sea change in that culture of making babies left and right and walking away from being a responsible father.

pryncess

November 28th, 2011
8:35 pm

I’ll never understand why celebs don’t buy things out right when they have the money. If you are making $15 million a year, why don’t you just buy a $500,000 house and OWN it? Not owe a bank. And pay for your cars CASH?? Not saying this is her case, but this is something I’ve never understood. Any “wealthy” person care to enlighten me?

Jay

November 28th, 2011
8:57 pm

That song “scrubs” was a mean- spirted song, like the gold diggers athem. I hope she gets mercy. But the meanest one is that LiL black as.s. one. He, he, he….

Dee

November 28th, 2011
8:59 pm

@pryncess…I’m with you…I just don’t understand why celebrities, athletes, and others with a lot of money buy a house with a mortgage or a car with loan payments…please can someone wealthy explain this to the working class so we will know what do you when we get a large sum of money….inquiring minds want to know…

Atlien

November 28th, 2011
9:21 pm

It just shows how ignorant people are, the internet really exposed so many of them.

First off all this woman has Sickle Cell where she is receiving on going treatment which cost MONEY, she was diagnosed with a Brain Tumor that had to be removed and she was out of commission for quite some time and required rehab so that she could go back to her normal life. So how much do you think her medical bills are and also do you have Sickle Cell and a brain tumor see well you function in society to make money. She couldn’t do shows because of it. So all of the money she squandered most likely went on medical bills.

Maybe that is the reason why you stay in the working class because y’all of no common sense to do anything better

LikeMyMomSays

November 28th, 2011
9:25 pm

FIRST RULE when the money flows..KEEP A ROOF OVER YOUR HEAD…for all the money she made MORTAGE should be a bad word!!!!..SECOND RULE…PAY OFF ALL YOUR BILLS…FINAL RULE..BE IN CONTROL OF YOUR MONEY!!!!..cause a river can run dry at any time!!!!

Badnewz

November 28th, 2011
9:40 pm

@Dee & @pryncess…”why celebs, athletes and others don’t buy things out right when they have the money?” The answer is simple, they truly do not have enough net cash for property ownership (vehicles/homes) after: 1. Uncle Sam – Gets his share first (40-50%), 2. Agents/Managers get his/her share (10-20%), 3. Reimbursement Operating Expense (10-20%) which leaves them with around 10% to purchase nonvalue/depreciating items (bling-bling, drugs, party, etc). Yeap, it is what it is of this industry which also explains why the divorce and bankruptcy rates are so high. Good luck.

pryncess

November 28th, 2011
9:46 pm

atlien, maybe you should look up what “squandered” means…I don’t think that is the right word to use when speaking of medical bills…

bloggirl

November 28th, 2011
9:55 pm

i wish you the best t-boz. this is a good example of a bad record contract and not understanding the business. she will pickk up from this!

bwell

November 28th, 2011
10:01 pm

I wish I could have been her mgr. It would have been nice for THOSE AROUND HER to tell her or at least show her how to invest for the future. Darn sorry to here that T-boz

Tallguy4u2

November 28th, 2011
10:08 pm

Come on will these people never learn to pay as u go. She is bnot so high and mighty that she should be excused for her negligent over spending. Her fault let her credit go in thevdump and have to suffer. To bevhonest never even heard of her and I’m from Atlanta.

smokey

November 28th, 2011
10:09 pm

We all have to rmemeber that MEDICAL BILLS are most likely what is kicking her butt just like Toni Braxton. Chilli had the same contract and yet she hasn’t file bankruptcy. Im sure Chilli has invested her money alot better and had better business ventures then T-boz.Also with Chilli having a baby daddy who STILL makes A WHOLE LOT OF MONEY and isn’t a DEADBEAT LIKE MAC 10 helps also! I WILL BE PRAYING FOR HER.

Arod

November 28th, 2011
10:19 pm

BAD THINGS HAPPEN TO GOOD PEOPLE. IT IS NOT THE END, MAYBE THE BEGINNING OF A NEW CHAPTER IN HER LIFE.

alch

November 28th, 2011
10:24 pm

@pryncess, atlien was referring sarcastically to those upthread who said that she squandered her money. He mentioned where she probably spent a good chunk of her $$$.

Diane

November 28th, 2011
11:01 pm

Pryncess: I’m not wealthy, but was a real estate agent. The reason “wealthy” people don’t buy homes outright is for the major tax breaks. It doesn’t benefit them to lose the break on the property.
I agree, she should downsize and probably could find a similar home at half the price in this market. However, once you’ve filed bankruptcy you either have to see it through to the end, file chapter 7 to discharge everything (based on definitely not having the money to pay your debts at all), or allow foreclosure in which case the mortgage company WILL come after her to pay the difference of what they sell her house for and what her original mortgage was.
It’s not as simple as let it go and go buy another becaue a lien can be attached to that too and she probably wouldn’t be able to get another mortgage. Maybe she should lease a home while she figures it all out and save her money.

Really, Rodney? Do Better!

November 28th, 2011
11:19 pm

Dear Rodney Ho.

Get a life. Why is this news? People file for bankruptcy protection everyday! Why do you feel the need to put this person on your blog? What is going to happen when your employer finds out you can’t find a single relevant thing to write about? My guess– you’ll be filing bankruptcy. Can’t imagine you’ll find employment right away–with THIS as your writing sample.

Shame on you!

Really, Rodney? Do Better!

November 28th, 2011
11:21 pm

AND … HOW DARE YOU PUT HER CHILD ON BLAST BY LISTING HER FIRST, MIDDLE, LAST NAME?

Epic.Fail. You suck!

Why mess with the child?!

November 28th, 2011
11:22 pm

AND … HOW DARE YOU PUT HER CHILD ON BLAST BY LISTING HER FIRST, MIDDLE, LAST NAME?

Epic.Fail. You suck!

SAWB

November 29th, 2011
12:24 am

Don’t go chasin waterfalls…

joshuagrays

November 29th, 2011
1:31 am

The adjustable rate mortgage that I had before had me nearly to the brink of bankruptcy because of the never-ending payment increases. Now I have 3.18% fixed rate. I would absolutely recommend 123 Refinance I worked with to anyone I know planning to refinance mortgage.

Justsaying

November 29th, 2011
1:59 am

T-Boz says she aint too proud to beg. Call me T-Boz. I’ll give you the Red Light Special.

Just B

November 29th, 2011
6:54 am

Are you serious? Did he have to put all of her business out there like that? Rodney Ho, you need to get a dahm life and stop putting peoples business out in the open. She may be a celebrity but she is still human. We all have problems in one way or another and that is including you. How about this, next time you put someone’s business out there in the open how about you include yours.

ron

November 29th, 2011
7:05 am

Ms. Brett
It’s people like you who wish to spread persons business all over the media instead of reporting something worthwhile. Did you have to place her childs name over this gossip rag,a child who has no responsibility in her mothers filing bankruptcy.This rag sheet the AJC needs to give you an assignment in reporting worthwhile news.

tlcsprtr

November 29th, 2011
7:09 am

Putting it out there will bring her charity, philanthropy and lots of help from fellow celebrities. What is wrong with you people, she needs medical assistance as well. The business of others are out there.

tom

November 29th, 2011
7:21 am

she needs to sell some stuff and rent out some of those bedrooms, sell some jewelry and get rid of two cars. Go the Shepards House they will give you and your kid a place to sleep.

Just Sayin

November 29th, 2011
7:37 am

Hey Rodney – write something about a Caucasian celebrity occasionally already!! There are white folk in Atlanta as well.

Monica

November 29th, 2011
7:42 am

PEOPLE…Please read the information. She owes 8,274.75 on the Honda. NOT 82,000.00…

Bonquiffa Shanita Jackson

November 29th, 2011
7:49 am

Dare aint nuttin knews wurthy in da ATL. No what i’s sayin? Sumone needs to pop a cap in sumones azz. We needs mo cheatin in da Atlanta pulick scuwls adminustrashun, mo lyin by Kaseem, mo stealin by da DeKalb Scuwl bored, mo steelin by da MARTA bored. No whut I’s sayin?