“Braxton Family Values” star Towanda Braxton is being accused of lying about her income and assets as part of her bankruptcy, and her ex-landlord has slapped her with a lawsuit.
According to court documents obtained by The Blast, Michael Wagoner sued Braxton as part of her bankruptcy case.
Wagoner is owed $76,000 from Braxton relating to a judgment stemming from a lawsuit over unpaid rent and damages to a rental home.
He is demanding the debt NOT be wiped clean as part of Braxton’s recent Chapter 7 bankruptcy.
Braxton and Wagoner entered into a deal back in September 2018, where she agreed to make payments to settle the debt. He says she only made one payment and refused to make the rest. He claims she damaged the home she rented from him substantially. He claimed she left the home with knife holes in the garage doors and bedroom walls and claims she caused fire damage to the home.
Once he started to try and collect on the money, he claims Braxton filed for bankruptcy.
Wagoner accuses the reality star of misrepresenting the value of her property in the bankruptcy. He also accuses her of failing to disclose all her income and her full list of assets.
He wants the entire debt owed him to not be discharged and for punitive damages against Braxton.
As The Blast first reported, Towanda Braxton filed for Chapter 7 bankruptcy in April, listing $277,650 in assets but $547,056.39 in liabilities.
She listed her monthly income as $4,692 but expenses per month total $6,020, leaving her in the red.
Her assets include a new Georgia home (worth about $275k), $1,500 in household goods, $1k in clothing and only $150 in her checking account … with zero in her savings.
Towanda’s debt includes $417,715 to a mortgage company, $76k to her former landlord, $982 to Comcast, over a thousand to collection attorneys, $8,480 to Covenant Christian Academy, $6,211.30 in medical bills, $35,000 to her sister Tamar who gave her a personal loan and various other debts.
Braxton recently completed an online class on personal financial management.
The reality star completed her class on May 18 and now is one step closer to having her $450k in debt wiped clean.
The case is ongoing.
