Did Peter Thomas File For Bankruptsy???
Apollo Nida may be heading to jail, but Peter Thomas is having more money problems with his business Bar One venture that it might drive him to the poor house.
More Money More Problems!
CelebNMusic247.com got the tea on Real Housewives of Atlanta star Peter Thomas who apparently tried to file for bankruptcy last year, but his request was DENIED! A judge in Georgia, say NO to Thomas because the financials he turned in to the courts prove Cynthia Bailey needs her RHOA check now more than ever.
We got the deets via RealityTea who has this scoop on Peter Thomas Bar One venture which he claims is doing well and expanding to South Carolina.
Now comes a report that Peter filed for bankruptcy and was borrowing money, again, from wife Cynthia Bailey to keep his business afloat. A report reveals that in 2013, Peter, via BarOne, filed for bankruptcy owing over $322,000k to various creditors including the IRS and his wife! At that time Peter claimed BarOne’s assets were only $61,000k.
According to documents, Bar One filed for Chapter 11, which would expunge their debts. Listed as creditors are $32,000 owed to the IRS, $118,000 to the State of Georgia for taxes, a slew of other debts, and a whopping $60,000 owed to Peter, himself, for personal monies he investing in the business and was using to cover its operating costs.
But here’s the clincher: $40,000 of that money was actually borrowed from Cynthia who invested in the bar. In 2012 Cynthia loaned Peter $60k to open the bar, at one point BarOne repaid her, according to the documents, but then re-borrowed the capital of $40k.
Last summer Peter’s bankruptcy petition claims that in one month the bar earned only $1,500, but expenses were $100,000k. Peter stated that although BarOne was still open and operated, he was not paying bills.
That’s strange, because court documents obtained by Media Take Out, Peter’s request for bankruptcy was shot down last September and he has been ordered to pay off all his debts despite only bringing in a little over $1000 one month from Bar One.
We’ll see how this plays out.
We actually hope the best for Peter and Cynthia and Bar One, so good luck you two.
