No Money, More Problems: Is Peter Thomas And Cynthia Bailey’s Restaurant Facing Foreclosure?

August 27, 2013  |  

When we were first introduced to Cynthia Bailey and Peter Thomas during season three of Real Housewives of Atlanta, we were also introduced to their money woes. Two seasons later, it appeared that the reality TV couple had finally gotten their financial issues under control, but recent reports suggest otherwise.

Over the weekend, word began circulating that the power couple’s popular Atlanta nightlife spot, Bar One, was being foreclosed on and that on September 3rd, the property would go up for auction. It turns out that the rumors are true and that the building is in fact in foreclosure, but it has nothing to do with Cynthia or Peter’s money management skills. Peter reportedly told Straight From The A, that the space for Bar One is actually a leased space and it is true that the property owners are in foreclosure. Peter went on to say that he has already submitted a bid that he is “the first in line to purchase” the property.

It’s great to know that Peter and Cynthia are not facing financial ruin. Hopefully all goes well with the auction and they can walk away as owners of the space. There’s no telling what may become of their restaurant if someone else gains ownership of the property.


Follow Jazmine on Twitter @jazminedenise.

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