Baller Must Pay Baby Mama $55K And Give Her His Million Dollar Mansion To Satisfy Debts
Ex-NBA star Larry Johnson’s Chapter 11 bankruptcy has come to an end after he reached deal with the person he owed the most to – his baby mama.
Johnson filed for Chapter 11 bankruptcy earlier this year, stating he had $828,000 in assets but more than $317,000 in liabilities. He listed his debts as $80,000 in back taxes, $120,000 in unpaid child support to two mothers of his kids with an unknown amount of back support to another baby mama named Laura Tate.
Tate filed docs in the bankruptcy earlier this year demanding she be allowed to investigate his finances. She claimed he’d told her in the past he transferred $26 million dollars to a trust account to avoid paying his debts.