Celebrities

Toni Braxton Bankrupt

Toni Braxton is bankrupt…again. For the second time in her 18 year career, the “Unbreak My Heart” hitmaker is staring down the barrell of financial ruin after filing for Chapter 7 bankruptcy protection in California this month. Toni, 43, went bankrupt in 1998, but managed to regroup her finances after the success of her 2000 […]

Toni Braxton is bankrupt…again.

For the second time in her 18 year career, the “Unbreak My Heart” hitmaker is staring down the barrell of financial ruin after filing for Chapter 7 bankruptcy protection in California this month.

Toni, 43, went bankrupt in 1998, but managed to regroup her finances after the success of her 2000 album Secrets. However, a life-threatening heart condition that brought her popular show on the Las Vegas strip to an abrupt end has also depleted the singer’s finances — with some insiders suggesting that Braxton may owe more than $50 million in debt.

According to TMZ.com, some of the creditors believed to be owed massive sums by Toni are:

– AT&T
– The Four Seasons Hotels
– Cedars-Sinai Medical Center
– Various medical bills
– DirecTV
– Neiman Marcus
– The William Morris Agency
– Tiffany & Co.
– Orkin Pest Control
– The Internal Revenue Service
– BMW Financial Services

Braxton also claims she may owe money to the City of L.A. Parking Violations Bureau — and the DMV in both California and Nevada.

The mother-of-two — who is in the early stages of divorce with Mint Condition crooner Keri Lewis — is also facing foreclosure on her Los Angeles home and is the subject of an IRS tax lien for nearly $400,000.


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