According to TMZ, Towanda Braxton filed for Chapter 7 bankruptcy recently.
She broke down her finances in the documents and she claims one of her debts is a personal loan for $35,000 from Tamar Braxton.
Towanda also claims that she’s bringing in $4,692.50 a month, but her monthly expenses are around $6000 a month.
Overall, Towanda’s debt is $547,056.39 with her assets totaling $277,650.
It’s unclear if Towanda will address this on BFV, considering she’s very private.
In fact, viewers just learned the identity of her new boyfriend on the most recent episode.
