Peter Thomas‘s financial issues are nothing new – nor are his business failures.
His first season on Real Housewives of Atlanta he was seen losing his bar Uptown, but then Peter opened BarOne and announced he not only plans to expand BarOne, but also to open SportsOne in Charlotte, NC with new business partner Kordell Stewart – and to film a spinoff show about the bar business.
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.
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