Towanda Braxton Files For Chapter 7 Bankruptcy

Towanda Braxton

Towanda Braxton Files For Chapter 7 Bankruptcy

Towanda Braxton is back on the small screen thanks to her family’s show, The Braxton Family Values making a comeback on WeTV. But now that she’s in the spotlight each week, the ins and outs of her personal life is making headlines again. Braxton reportedly filed for Chapter 7 bankruptcy.

Braxton said she makes roughly $4,692.50 each month. But her monthly expenses total out to be a little more than $6,000. On top of that, she reportedly owes $547,056.39 but currently has $277,650 in assets.

One of her debts is alleged to be for her youngest sister, Tamar Braxton. Word is Towanda owes the Love & War singer $35,000 for a personal loan.

The two have certainly had their ups and downs, and as fans have seen on the show, they are actually getting along really well this season.

Neither of them have publicly spoken on whether the reported loan has come between their sisterhood.

Tamar was even the one to discover the secret boyfriend Towanda was hiding.

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