(EXCLUSIVE) Ex NBA Star Larry Johnson Settles With Baby Mama, Wants to End Bankruptcy
theJasmineBRAND.com exclusively reports, ex-NBA star Larry Johnson is pleading with a judge to dismiss his bankruptcy, saying he doesn’t need it anymore now that he has settled the beef with his biggest creditor – his baby mama – and now he can handle his finances on his own without the case.
Johnson filed for Chapter 11 bankruptcy earlier this year stating he only had $828k in assets but over $317k in liabilities. He listed his debt as $80k in back taxes, $120k in unpaid child support to two mothers of his kids with an unknown amount of back support to another baby mama named Laura Tate.
The NBA star’s baby mama Laura Tate filed docs in the bankruptcy earlier this year demanding she be allowed to investigate his finances, claiming he had told her in the past he transferred 26 million dollars to a trust account to avoid paying his debts.
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