SERENA Williams’ stepmother has racked up debts worth up to half a million dollars to a staggering 19 creditors, resulting in her losing the childhood home the tennis star grew up in, the US can reveal.
We can for the first time reveal the full details of the staggering amount “King Richard” Williams’ estranged wife Lakeisha owes to various banks and government organizations, including the IRS and Bank of America, related to the Palm Beach Gardens estate, Florida, which will be auctioned on September 27 for $1.42 million.
The 43-year-old, who is 37 years younger than Serena’s father, has tried unsuccessfully to declare bankruptcy to keep the house, but her main creditor, ‘hard lender’ David Simon, has thwarted her efforts and will Retain the lion’s share of the home selling process.
According to court documents filed by Simon, Lakeisha allegedly forged her spouse’s signature on the mortgage deeds in order to borrow $255,000 from Simon to start a doomed transportation business.
Simon then accused her in legal papers of not paying back a dime, instead spending all her money on “fast food and frivolities.”
Simon’s debt now totals $584,109, including interest, and Judge Luis Delgado of Florida’s 15th Judicial Circuit Court ordered the home, which is in a severe state of disrepair, to be auctioned later this month.
Her latest Chapter 13 bankruptcy filing, which failed, says she owes cash to 19 different organizations, court documents obtained by The US Sun show.
Although Lakeisha told the court that Serena and Venus’ childhood home — which had been in the family for 27 years when her estranged parents bought it back in 1995 — was their sole residence, Lakeisha owes money to the luxury condominiums Banyan Bay Apartments in Coconut Creek, Florida.
This could indicate that she also rented an apartment there, which wouldn’t be too surprising given that Simon has long argued in court that the Williams’ main home is in ruins.
Photos first shown by The Sun show how chaotic the property had become.
The roof looked like it had been haphazardly repaired dozens of times while the property sat with an abandoned truck and crumbling outbuildings.
Simon argued that the property was so derelict that its condition made it currently uninsurable.
He stated in court documents that “the debtor does not provide adequate protection for the collateral of the secured creditor, the home. The house is uninsured, the roof is leaking, and the collateral threatens total loss.”
Lakeisha also owes debt to various lending companies such as Capital One and Tide Water Finance Company, although many of the firms are debt buyers or debt collectors, including Capital One, Commonwealth Financial Systems and Forest Recovery Services.
List of creditors and attached is a Chapter 13 bankruptcy document in which she ticks that her debts range from $100,001 to $500,000.
The four-bedroom home in Palm Beach Gardens, Florida was the center of a five-year legal battle between Richard and Lakeisha
Richard, 80, whose life story was told in the Will Smith film King Richard, is said to have previously suffered from irreparable “brain damage” and “dementia”.
Court documents from his divorce battle included testimonies from his own doctor, who claimed he was completely incapacitated.
At one point, however, it looked like the pair reconciled for a moment as she called off her divorce and opened up about how the pair still enjoyed weekly sex sessions, legal documents revealed.
The Sun reached out to lawyers for Lakeisha.
https://www.the-sun.com/news/6252862/serena-williams-stepmoms-debt-19-creditors-lose-childhood-home/ In Serena Williams’ stepmother’s $584,000 debt to 19 creditors that resulted in her losing the Star’s childhood home