Tuesday, July 5, 2022

Towanda Braxton Accused of Fraud in $76K Bankruptcy Case

Braxton, Tamar Braxton

*Towanda Braxton is facing new allegations in her ongoing Chapter 7 bankruptcy that was filed this past April.

The “Braxton Family Values” star is now being accused of fraud by a landlord who claims she owes him $76,000.

The Blast reports that Braxton will be questioned under oath after landlord Michael Wagoner accused her of lying about her income and assets in an attempt to avoid paying him unpaid rent and damages to the home she rented from him. 

Now he’s ready to grill Braxton under oath about her financial situation as part of her bankruptcy case. 

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According to court documents obtained by The Blast, the reality star is scheduled to be deposed by Wagoner on November 21. 

Via The Blast:

In the bankruptcy case, Wagoner sued Braxton accusing her of owing him $76,000 in unpaid rent and damages to his property. He accuses her of lying about her income and assets to avoid paying her creditors. He is demanding the debt she owes him not be wiped clean in the bankruptcy.

She denied the allegations of fraud or that she has been hiding assets. The alleged damage to the rental home included knife holes in doors and bedroom walls, along with fire damage. He claims Braxton filed for bankruptcy as he was trying to collect on the money.

In newly filed documents, Wagoner claims to have recently learned information about her beauty company T. Braxton Beauty Company.

Braxton previously testified the company was generating no money but Wagoner has obtained bank records showing around $50,000 being deposited into the account every month. The records show the same amount being spent during the month.

He says she has “funneled her income” in the account, and plans to question her about the transactions during the upcoming deposition.

Braxton filed for Chapter 7 bankruptcy in April, listing $277,650 in assets but $547,056.39 in liabilities.

Ny MaGee
Ny MaGee is an entertainment reporter with over 15 years of experience working in the film industry in areas including production and post-production, marketing, distribution, and acquisitions. She has worked for legendary film producer Roger Corman, Quentin Tarantino's production team at Miramax, the late Larry Flynt, MTV/ VH1, Hallmark Channel, Paramount, Jim Henson Co., Parade Magazine, and various LA-based companies representing above-the-line talent.




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