TLC's T-Boz files for bankruptcy again

TLC member T-Boz has filed for bankruptcy for the second time in less than a year. According to documents filed last month in U.S. Bankruptcy Court, the singer owes creditors $768,642.99, mainly from mortgages on her $1.2 million house.

She has filed for Chapter 13 bankruptcy protection, which enables people with regular income to create a plan to repay their debts. She entered a similar bankruptcy protection filing with the United States Bankruptcy Court of Northern District of Georgia in February, but it was dismissed the following month.

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Though TLC have had ten Top 10 singles and four multi-platinum albums, the documents reveal that T-Boz only earns an average of $1,200 per month in royalties from those records. Nevertheless, her total assets are $1.716 million, she takes in around $11,700 per month in income, and her monthly expenses are $8,821.

Photos: Random Notes

The singer believes that she could have avoided bankruptcy if she had been able to collect $250,000 in child support from her ex-husband, Mack 10, and $22,500 in debts from Mark Jefferson.

Copyright 2011 by Rolling Stone.com

Source: http://today.msnbc.msn.com/id/45491600/ns/today-entertainment/

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