TMZ says the 41-year-old mother of one owes creditors $768,642.99 — mostly from mortgages on her $1.2 million house located in a suburb of Atlanta.
So T-Boz did what many former nouveau riche celebrities do when they spend themselves into the poor house — she filed bankruptcy to shield her from her creditors.
But when you file for bankruptcy, you are required to open up your personal finances to ridicule and scorn. It seems that T-Boz, who once commanded hundreds of thousands of dollars in music royalties, now receives only $1,200 per month in royalties.
And the singer who once owned a string of children’s clothing boutiques, now brings in around $11,000 a month, with monthly expenses in excess of $8,821.
T-Boz is still struggling to collect over $250,000 in unpaid child support for her daughter by former rapper Mack 10, who hasn’t had a hit record in over a decade.
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