Bobby Brown Got Nothing Under Prenuptial Agreement With Whitney Houston

Prenup Protected Houston's Wealth

Whitney Houston

Radar Online is reporting singer Bobby Brown received nothing in his divorce settlement from the late chanteuse Whitney Houston. They had a prenuptial agreement that stipulated the couple keep their assets and earnings separate. Nonetheless, Houston generously provided from Brown during their tumultuous, drug and alcohol fueled marriage of 14-years.

Whitney Houston and Bobby Brown in the 1990s

As mentioned previously on the Judiciary Report, in the 1990s Houston paid to to save Brown's $2,000,000 Atlanta mansion from foreclosure. She also paid for his cars, clothes, travel and overall upkeep, when his money ran out, due to excessive spending and decreased income. Brown gave the public the impression he left the marriage broke, with only his clothes, as it was revealed he began crashing on the couch of tell-all groupie Karin Steffans.

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Does Antoine Walker Want Evelyn Lozada Back

Evelyn Lozada

Does former NBA player, Antoine Walker, want his ex-fiancée, Evelyn Lozada back. She is currently engaged to multi-millionaire Chad "Ochocinco" Johnson and stars on the reality show "Basketball Wives." Walker gave Lozada her break and a mansion to live in with her daughter, when she had nothing. He was clearly attracted to her (though he probably wanted to duct tape her mouth shut).

Antoine Walker and Evelyn Lozada

Now that she is making money and has a name of her own, albeit a scandalous one, does he want her back (especially since he is facing bankruptcy). She helped him spend his money when he made $110,000,000 playing basketball for the Miami Heat. Does he want to return the favor.

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Guess Who Is The Alleged Culprit

Evelyn Lozada

A report by TMZ indicates, "Basketball Wives" reality star, Evelyn Lozada, has put her wedding plans on hold, as she believes her fiancé, NFL star, Chad "Ochocinco" Johnson has been cheating on her. Uh oh! Evelyncita and Milk Dud are having problems.

Has "Ochocinco" become "Oh-no-cinco" to Lozada. Johnson is a popular athlete, with women chasing him left, right and center. Lozada is paranoid after years as the fiance of former NBA star, Antoine Walker, who she alleges cheated on her often. I'm just stunned! Clutch the pearls! Who ever heard of an athlete cheating on their partner.

Evelyn Lozada and Chad johnson

Seriously, where there's smoke there's fire. Not to mention, Johnson probably isn't too pleased that the federal government is coming after Lozada for a figure in excess of $500,000, which the bankruptcy trustee in Florida claims she was illegally given by Walker.

With penalties and legal fees accumulating, said figure could climb, if no deal is struck with the government. If Johnson and Lozada are married at the time the government secures any potential judgment against her, it could hit Johnson in the pocket as well.

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Obama Slammed Again Over Stimulus As $500,000,000 Went To Building Cars In Foreign Nation (Video)

U.S. President Barack Obama is in more trouble, due to stimulus funds he issued that did not benefit America. It has been revealed, Obama gave a new company called Fisker $529,000,000 in taxpayer funds, via the failed stimulus, for the unit to build electric cars in Finland, rather than America. This resulted in U.S. taxpayer funds creating jobs abroad, rather than in America.

Barack Obama

Add this to the billions more in stimulus funds that did not stimulate the U.S. economy, such as Obama personally giving solar company Solyndra $500,000,000 in U.S. taxpayer funds, only for the company to go bankrupt shortly after and it becomes evident the president is not good with money or astute at making wise financial investments. America needs a president that understands business and trade and how to generate jobs and revenues.

STORY SOURCE

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Evelyn Lozada Sued By The State In Antoine Walker's $110,000,000 Bankruptcy Case

Evelyn Lozada

"Basketball Wives" reality star, Evelyn Lozada, has been sued by the South Florida Bankruptcy Court, for the money she received from her ex-boyfriend, former Miami Heat athlete, Antoine Walker, who had signed a $110,000,000 contract, but lost most of his money to luxury living and bad investments.

Evelyn Lozada at Dulce

The couple lived in a custom built Coconut Grove mansion in Miami for years, which has lingered on the real estate market for well over a year without any takers. The home is too big and overpriced for that section of the Grove, as surrounding properties shown online are much smaller.

Evelyn Lozada and Chad "Ochocinco" Johnson

During their relationship, Walker gave Lozada $560,000 to start the shoe store Dulce in the Miracle Mile section of Coral Gables. According to the federal court bankruptcy trustee, Lozada should not have been given the money, as Walker has creditors that are a greater priority.

Antoine Walker and Evelyn Lozada

As such, the trustee is suing Lozada to retrieve the money, plus court costs and interest. While she has made a few hundred thousand dollars on "Basketball Wives" and from public appearances, losing $560,000 plus legal fees and interest, will put a massive dent in her finances. Lozda's fiancé, football player, Chad "Ochocinco" Johnson is a millionaire, but may become concerned and not risk his cash, after witnessing the financial fall of Walker.

STORY SOURCE

'Basketball Wives' Star Sued for Helping Blow NBA Star's Fortune

Evelyn Lozada -- one of the stars of "Basketball Wives" who was once engaged to former NBA All-Star Antoine Walker -- is being sued for allegedly receiving hundreds of thousands of dollars illegally. The story is shocking. Walker raked in a whopping $110 million during his NBA career, in addition to untold millions in endorsements and other deals ... and he blew ALL OF IT and a lot more.

Walker filed for bankruptcy last year, and now the bankruptcy trustee smells a rat. It seems Walker gave Lozada $560,000 when he already knew he was going belly up. The trustee has sued Lozada, claiming the transfer was fraudulent -- an attempt to hide money from legitimate creditors. The trustee says Lozada used the money to start a Miami shoe store called Dulce, and now the trustee wants the $560k back.

http://www.tmz.com

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TLC’s T-Boz Files For Bankruptcy Again

New Financial Woes

T-Boz

T-Boz, real name Tionne Watkins, of the best selling girl band in music history, TLC, has filed for bankruptcy again. The first time Watkins filed for bankruptcy, utilizing Chapter 11, was in 1995 with her fellow band members in TLC. This time she is filing for herself.

T-Boz

After TLC’s alleged $20,000,000 settlement with their label LaFace Records in 1996, the band split the money three ways, paid taxes on it and regrouped, leading people to believe the group’s finances were in order. However, Watkins took on significant debt at a time the group was still doing well, before one of its members, Lisa Lopes died and the trio disbanded.

T-Boz

As the Judiciary Report reported months ago, one of Watkins’ Atlanta homes was in foreclosure. A second home, a well decorated property she lives in, which is located in the Sugarloaf Country Club, is for sale as well, due to financial troubles.

TLC's Chilli and T-Boz

However, the house has not sold after being on the market for over a year. Then again, most homes in America are not selling, due to the foreclosure crisis, but that’s another story. This has saddled Watkins with a large mortgage, which based on what she states she currently owes on the property, her monthly payment is between $7,000 to $10,000, in addition to real estate taxes, country club dues and upkeep fees.

TLC

Watkins, who was married to rapper Mack-10, previously stated, he took out mortgages in her name and one was for the property that slipped into foreclosure. It is also being reported, he owes her $250,000 in child support. He has not been doing much work in the entertainment industry, to repay said figure. Watkins left the marriage due to domestic violence.

TLC

Watkins also has another problem. Due to sickle cell anemia and a brain tumor that was removed by a top surgeon, she has paid a lot of money in medical bills. I did wonder how she could get medical insurance in the current system, with all of the preexisting, significant health problems she has battled over the years. It can’t be easy. She must have paid many of the bills herself or a very high insurance premium.