“Braxton Family Values” star Towanda Braxton has filed for Chapter 7 bankruptcy.According to reports Towanda Braxton has filed for bankruptcy listing over $500,000 in debts including a $35,000 loan from her sister Tamar Braxton. Towanda claims to earn $4,692.00 a month with expenses totaling more than $6,000.00 a month. Her checking account only has $150 in it right now and her savings account is completely drained. According to court documents obtained by The Blast, Towanda filed her case earlier this month, listing $277,650 in assets but $547,056.39 in liabilities. Towanda's niece, Lauren Braxton, has died. She was 24 years old. Lauren's father -- Toni's younger brother, Michael Conrad Braxton Jr. Her father told TMZ that the young woman’s death was related to a heart condition.
Mutha Knows dishes the best celeb gossip and crazy stories each morning on the Tea on the Rise n Grind Morning ShowFull Bio