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Cynthia Bailey Peter Thomas BarOne Foreclosure

Oh man does Peter Thomas need to pursue another line of work besides business ownership because Bar One is in trouble again!

Bar One has struggled with foreclosure and filed for bankruptcy last year, which necessitated Peter borrowing money from his wife Cynthia Bailey to stay afloat. He also owes back taxes to the State of Georgia! 

Peter just opened a Sports One locale in Charlotte, NC with partner Kordell Stewart and is hoping to land a spinoff for the venture. Perhaps Bravo should film a spinoff about Bar One Atlanta’s legal problems instead, because the feds just issued a $43,000 tax lien against it! #PAYYOURBILLSFOOL

CLICK THE CONTINUE READING BUTTON FOR MORE! 

On May 30th the Real Housewives Of Atlanta star was issued a lien addressed to Bar One LLC in the amount $43,028.83. According to the Jasmine Brand the feds accuse Bar One of failing to pay taxes on three separate occasions throughout the 2013 tax year. Businesses are responsible for quarterly taxes. 

Peter was to pay a portion of his taxes in March, June, and September. In March he was responsible for ponying up $12,551.64, another $14,352.03 for June and again owed in September for $16,125.16. “We have a demand for payment of this liability, but it remains unpaid,” the notice states. “Therefore there is a lien in favor of the United States on all property and rights to property belonging to this taxpayer for the amount of these taxes.” 

If Peter does not pay the feds state they will begin going after his property and other assets. What other assets? Isn’t everything in Cynthia’s name?

Peter hasn’t commented on his latest financial trouble – he’s been in Charlotte busy with Sports One. 

[Photo Credit: Bravo]

TELL US – ARE YOU SURPRISED TO LEARN PETER IS MAJORLY BEHIND ON TAXES?

 

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