After TLC member Lisa Lopes filed for bankruptcy, other members were broke and had to file for bankruptcies in 1995 as well. For bandmate Tionne “T-Boz” Watkins, it turned out to be one in a series of Chapter 13s. In 2011, she filed for bankruptcy twice that year alone — the second time after defaulting on mortgages on her $1.2 million Atlanta home and failing to keep up with her medical bills and car payments, Billboard reported.
Her monthly expenses totaled $8,821, including two mortgages, two vehicles, medical bills, and more. She also is owed $250,000 in child support payments.
The entire group had been suffering financially. Even though they were a top-selling music group, they made very little money.
“People to this day still do not believe that we were broke — but we were, OK?” Watkins said during a1999 episode of VH1-s “Behind The Music.”
“The group made $5.6 million in profit, but the sum was cut down to a mere $50,000 per member after paying back their label for funding the album and its promotion; managers, lawyers and accountants; and income taxes,” Billboard reported.
