She blew the $255,000 loan on “fast food and frivolities” and a disastrous trucking business, according to court docs, and failed to keep up with repayments.
A seven-year legal battle ensued with Simon’s debt at one point standing at over $620,000 including attorney fees and interest – with the judge ordering the house to be sold at auction.
But Lakeisha, who at 45 years old is nearly half Richard’s age, postponed the sale for three years by repeatedly filing for Chapter 13 bankruptcy – and failing three times as she couldn’t keep up with the approximate $10,000-a-month payments.
