celebrity bankruptcy

by (@missmuttoo)

TLC’s T-Boz Files For Bankruptcy Again

Tionne “T-Boz” Watkins of TLC has filed for bankruptcy for the second time this year after being unable to pay her mortgages on her $1.2 million home in Georgia. This isn’t the first or the second time she’s had money woes. TLC filed for bankruptcy back in the mid ’90s. The singer also filed for bankruptcy on February 25 of this year, and the case was closed in September after she “made distribution of all funds paid into the hands of the Trustee.”

T-Boz also states that she is unable to pay her medical bills or car payments. Documents filed last month at the U.S. Bankruptcy Court reveal a very grim situation as she owes people $768,642.99, whereas she’s only worth $1,716,508. Strangely enough, T-Boz is also owed  $250,000 in child support payments. The fact that she hasn’t collected the money is a mystery.

by (@JordanRuntagh)

Spencer And Heidi Are Bankrupt, Karma Is Real

Well, they faked divorce papers, we’re sure they can fake this too. The elaborate performance piece that Spencer Pratt and Heidi Montag call their marriage has shifted into a new scene, and this one involves bankruptcy. According to Life and Style, the former Hills stars have blown $10 million, and now owe $2 million in back taxes. They are currently homeless and in talks with financial attorneys (or at least a guy hired to play one).

“We were immature, worrying too much about the famous part instead of the actual business part,” Spencer told Life & Style, earning him the world record for the longest time it took for someone to get a clue. “In hindsight, we shouldn’t have spent any of our money. We should have been low-key and saved.”

Instead they splurged on a $35,000-a-month love nest, six cars, private jets, magic crystals, and making Heidi’s breasts big enough to be recognized by the UN as an independent nation. Now the couple are holed up in Spencer’s parent’s house to plan their next move. Heidi was even considering appearing fully nude in Playboy, but chose not to at the request of the Pratt family.

According to Spencer, their problems -like so many in this world- are because of Jersey Shore. “We thought The Hills was going to be like 90210 and we’d have another five to 10 years. The ratings were consistent. But we never saw Jersey Shore coming. Before, TV audiences were fine with seeing us all argue, but now they want you to punch one another in the face and hook up with three different people. Our cast was a bit boring and snoozeworthy in comparison. No wonder we got canceled.”

But Spencer mans up and takes his share of the responsibility. “We don’t want sympathy. We did this to ourselves and feel like idiots. But we’ve grown up and are definitely not as naive anymore.” Honestly,  there’s so much drama around these two we don’t know what’s real anymore. Is it possible for a marriage to jump the shark? Because we think it just did.

[Photo: Images]