Toni files for bankruptcy again

    Toni Braxton is in a little financial trouble again as shows as she’s racked up millions of dollars in debt.

     

    Toni Braxton is in a little financial trouble again as shows as she’s racked up millions of dollars in debt.
     
    TMZ.com reports that Toni just filed for Chapter 7 bankruptcy. According to court documents, she owes up to $50 million to a number of different creditors around the country.
     
    Among the company she owes are AT&T, the Four Seasons hotel, Tiffany & Co., BMW Financial Services and DirecTV. Toni also claims she’s behind on bills with the Westin, Neiman Marcus, ADT Security, the William Morris Agency and The Screen Actors Guild. And various medical bills are listed among her debts.
     
    The problems don’t end there because Toni, who has sold more than 40 million albums, only estimates her value at between $1 million and $10 million.

     
    Toni filed for bankruptcy once before in 1998, and earlier this year the IRS slammed her with a lien for $396,000.


     

     

    – Sonya Eskridge


     

     

     

    Here’s more:
    Bravo bags Toni Braxton
    Toni Braxton drops ‘Pulse’
    Toni Braxton splits from hubby

    Tags:

    Comments

    blog comments powered by Disqus