KING Richard Williams’ $1million lawsuit against his estranged wife has been dismissed and he now faces losing the Florida home where he raised his tennis legend daughters.
The 80-year-old was suing Serena and Venus’ stepmom, Lakeisha Williams, 43, after she remortgaged his property by allegedly faking his signature and signing the place away to her for just ten bucks.
Richard and his estranged wife have been at war for years after their split
Former tennis coach Richard helped to make his daughters international stars
Lakeisha then approached “hard lender” David Simon, who loaned her $279,000, which she blew on a failed trucking business, according to court documents.
The property was due to be auctioned on February 18 this year, with most of the proceeds going to Simon, who is owed $513,213.67, including interest.
But the day before, Lakeisha filed for Chapter 13 bankruptcy for a second time and stalled the sale.
That bankruptcy case was dismissed this week [July 5] and the four-bedroom mansion in Palm Beach Gardens will be sold barring an appeal from Lakeisha within 14 days.
The US Bankruptcy Court Southern District of Florida also tossed out Richard’s adversary proceedings for up to $1million compensation against Lakeisha, due to the bankruptcy case being terminated.
It was believed the pair had momentarily reconciled when she halted their divorce and asked the courts to dismiss the case.
Her lawyer stated that they “have engaged in an active marital life including having regular weekly sexual relations including but not limited to on January 9, 2022.”
But recent legal events seem to suggest the divorce is firmly back on.
Richard, portrayed by Oscar-winning actor Will Smith in the Hollywood biopic, is likely to lose the property he bought in 1995 for $355,000 with Serena’s mom Oracene, before they divorced in 2002.
Simon’s motion to dismiss Lakeisha’s bankruptcy was granted, as he’d argued that the property had fallen into such disrepair that it’s currently uninsurable due to its condition, meaning the house could eventually be worthless.
He stated in court docs that the “debtor is not providing adequate protection of Secured Creditor’s collateral, the House. The House is uninsured, the roof is leaking, and the collateral is in jeopardy of total loss.”
DIVORCE BACK ON
Where once Serena and Venus were being trained to be tennis greats, the grounds and main house are rotting, and cars appear to have been abandoned at the property.
There is also internal damage from the leaking roof, bathrooms left in dirty states, and air conditioning units falling apart.
Instead of losing the house, Lakeisha wanted to pay back her debts in installments, starting off at $8,293 for the first 15 months, $8,033 for the next 24 months, and $8,083 for the last 21 months.
But Simon claims Lakeisha’s monthly income isn’t enough to support the plan.
The Sun previously revealed Richard is now living in a new home in the same city, which is owned by their daughter, Serena, who paid $815,000 for the one-story property in June 2015.
The place is perfect for Richard’s reported fragile state – all on one floor, four bedrooms, five bathrooms, and over 4,160 square feet of room.
Despite claims he has an active sex life, his son was given power of attorney over his father who is reportedly “incapacitated” following two strokes which have left him barely able to talk.
Lakeisha Graham is 30 years Richard’s junior and his third wife
Lakeisha Graham previously halted their divorce case after a reported night of passion
Richard Williams has been supported by his family throughout the divorce
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