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'Braxton Family Values' Star Towanda Braxton Goes Back to School to Learn Personal Finance Following Bankruptcy

By TheBlast Staff

"Braxton Family Values" star Towanda Braxton was forced to go back to school and learn some things about how to manage her money after having to file for bankruptcy.

According to court documents obtained by The Blast, Braxton recently completed an online class on personal financial management.

Braxton completed her class on May 18 and now is one step closer to having her $450k in debt wiped clean.

Towanda Braxton
TheBlast.com

The class was required as part of her bankruptcy and teaches those with money problems how to properly manage their finances moving forward.

As The Blast first reported, Towanda Braxton filed for Chapter 7 bankruptcy last month, listing $277,650 in assets but $547,056.39 in liabilities.

She says her monthly income is $4,692 but expenses per month total $6,020, leaving her in the red.

Her assets include a new Georgia home she bought recently (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.

The case is ongoing.


Towanda Braxton Home
MLS

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