*Towanda Braxton, sister of Toni and Tamar and … well, you get the idea. Anyway, our whole poing for bring up her name is to let you know that that home girl’s money done got funny and she’s filed for chapter 7 bankruptcy.
And get this, she claims she only has $150 in her bank account and on top of that, she owes Tamar $35,000!
Towanda filed her case at some point earier this month. She listed $277,650 in assets but $547,056.39 in liabilities.
She added that her monthly income is $4,692, but her monthly expenses total $6,020. That means she is seeing a lot of red ink.
Her assets include the new Georgia home she bought recently (worth about $275k), $1,500 in household goods, $1k in clothing and only $150 in her checking account … with zero in her savings, according to court docs obtained by The Blast.
Towanda’s debts include $417,715 to a mortgage company, $76k to her former landlord, $982 to Comcast, over a thousand to collection attorneys, $8,480 to Covenant Christian Academy, $6,211.30 in medical bills, $35,000 to her sister Tamar (who gave her a personal loan) and various other debts.
She listed herself as self-employed at her T. Braxton Beauty Company.
A messy situation Towanda finds her self in … like a lot of folks. All we can say is we wish her the best and good luck!