Deon Derrico is keeping busy in court ... because not only did he file a restraining order against his ex-wife, he's now suing a business partner over a real estate deal.

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According to legal docs, obtained by TMZ, the "Doubling Down With the Derricos" star claims a guy named Tyrone Sprewell is attempting to sell a home he says they co-own, before they've fully hammered out and resolved their ownership disputes.

TLC

Deon says he's entitled to a 25% stake in the home independent of Tyrone and insists Tyrone needs his sign-off before he can unload the place.

What's more, Deon says he could be irreparably harmed if the house is sold before these issues of ownership are resolved.

Deon is asking the judge to halt any sale of the home for now.

As that mess plays out ... Deon is in the middle of another serious matter after his ex-wife was arrested for allegedly threatening to kill him and their children.

Karen Derrico is currently out on bond ... and her attorney claimed emailed death threats allegedly from her to Deon were actually manufactured by Deon to frame her after a messy split.

Play video content Video 22

Karen Derrico Admits to Death Threat in Heated Phone Conversation, Listen

TLC's Karen Derrico's facing serious charges for allegedly threatening to kill her ex and kids ... and a recording of a heated phone call probably won't help her in court.

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TLC's Deon & Karen Derrico Moved Into Dream Home Months Before Divorce

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FESSIN' UP

Video: Karen Derrico Admits to Death Threat in Heated Phone Conversation, Listen

We also obtained audio of Karen in a heated phone call with some of her children ... admitting to threatening to kill one of her kids.

The big winners here ... lawyers with billable hours.

#### TLC's Karen Derrico Allegedly Made Threats to Kill Ex-Husband, Kids

#### TLC's Karen Derrico Arrested in Vegas for Alleged Threats, Restraining Order Violation

#### TLC's Deon & Karen Derrico Moved Into Dream Home Months Before Divorce

#### TLC's 'Doubling Down With the Derricos' Deon and Karen Derrico Are Divorced

Karen Derrico TV Reality TV TV Stars Exclusive Legal

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