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Toni Braxton Files For Bankruptcy Again, May Owe $50 Million

 

R&B diva Toni Braxton has filed for bankruptcy saying she may owe somewhere between $10 million and $50 million in unpaid debt.  Find out the deets inside...
 

In bankruptcy court documents filed in California, Toni claims she's worth somewhere between $1 mil and $10 mill, but she could have up to $50 mil in debts. 

Toni lists a ton of creditors whom she thinks she may owe money to in the documents including:

-- 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

On top of that, Toni thinks she owes the City of L.A. Parking Violations Bureau, and the DMV in both California and Nevada.

Having filed for bankruptcy in 1998, Toni's been in this position before.  I hope she gets it together because she's raising two kids and one has special needs.  And earlier this year, the IRS filed a lien against her for $396k. SMH.  I'm suggesting a new business manager and accountant.

On a side note, what is with all this "I THINK I owe..."?  Either you owe it or you don't...call customer service to find out.  I call B.S.  Chick does have a new Bravo reality show in the works...

The Randomness:

1.  Venus Williams to sit out rest of the season with knee injury. Here. 

Comments

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Happy birthday @!

Happy birthday @!
Anonymous's picture

Bankruptcy Again .'if you

Bankruptcy Again .'if you don't have good money managing skills, no matter how much you make you will never have any money!' So true.
Anonymous's picture

When you spend more than you

When you spend more than you make, you end up bankrupt. Many celebs have no idea what they earn. They rely on others to tell them. Get an education, do your own accounting and learn to live on what you make.
Remy Hair Girl's picture

FIRST i need toni to find the

FIRST i need toni to find the right color foundation cuz wat she have on is NOT it!
Anonymous's picture

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Anonymous's picture

Oh Toni U still my girl!

Oh Toni U still my girl! Happy Birthday!!!!!!
Ari's picture

To All YBF Bloggers....If at

To All YBF Bloggers....If at all possible please don't waste you time responding to @Legetitt ignorant rants...He has Uncle Ruckus as his avator on YBF....And Uncle Ruckus is a fictional character that tries to escape his own identity as a Black Man...This Character is a White Supremacist in a Black Body....Saddddd....This is why @Legetitt is always on YBF degrading Black Women....So please don't respond to this Black Racist KKK member wannabe!!!!
anonymousToo's picture

Bish, please. She clearly is

Bish, please. She clearly is just trying to avoid what she owes and she soooooo thinks certain things are beneath her. She did not learn once ounce of humility after her first bankruptcy filing. I remember her being on Oprah after that first time and she told Oprah she was "reduced" to buying her sheets from Target. WTF? Um, what's wrong with sheets from Target? Target has very nice sheets if I do say so myself. Just because you are a "celebrity" does not mean you have to spend and ball out of control on unncessary things like $10K sheet sets! That is what is wrong with folks today and it really upsets me when that kind of financial irresponsibility is flaunted in black households. Our kids sometimes have no concept of credit and saving and finances even when they get out of high school. Sadly, most of their credit is already jacked up by then. Toni needs to live within her damn means and stop acting like she "entitled." She ain't no better than me who is out here struggling to pay my bills and I sure as hell ain't sitting in the VIP section of football games and wearing expensive Louboutins on my feet. Chile please.
Quiche-A's picture

but how do you KNOW what she

but how do you KNOW what she spent her money on? Like an Eddie Long worshipper...........the devil is a liar and I think there is more to the story..... Maybe she is living large..I really don't know. But I just don't see her going thru this again. Just my thoughts.
Bronze_Duchess's picture

The white man in the

The white man in the background look like he JUST filed for BK too.....
Bronze_Duchess's picture

Like J Anthony Brown said,

Like J Anthony Brown said, she put on that little white jump suit from the "You making me high" video, her problems would be solved.
Anonymous's picture

OK....YBF should give white

OK....YBF should give white jumpsuits to all of then. I could use one at Neiman Marcus.....right b4 they kick me out for imitating Nona Hyndrix...
Bronze_Duchess's picture

This is the second financial

This is the second financial ruin for her. I think she believe she's A-List and tries to live that way. Her EX rescued her last time when she was still young and cute. Don't think that'll be the case this time....BTW...what is her make-up doing. Seems to have a mind of it's own and it's up to no good.
Anonymous's picture

shes stays on my Ipod though

shes stays on my Ipod though lol Toni's dope! just cant handle money for shit
Mila's picture

you gotta be on top of your

you gotta be on top of your shit... all that money she made all those millions of album sales and nothing to show for it... outrageous
Mila's picture

IRS??? Can you really file

IRS??? Can you really file bankrupcy against the IRS?? I don't think so!! Bitch you need to pay your bills...one time ook but twice???? what a damn shame...you could have married a billionaire like salma hayek and then pull ur diva shit!!
Anonymous's picture

Don't call Ms. Toni a Bytch.

Don't call Ms. Toni a Bytch. She may not pay her bills but she is a lady no doubt.
Bronze_Duchess's picture

She had a very well promoted

She had a very well promoted Las Vegas show. I know medical bills can be a killer, but when the Orkin Man is on your list alongside Neiman, you know you're going to get the *sideeye*
Dearabby's picture

SMH!

SMH!
Miss GQ's picture

It sounds like Toni was

It sounds like Toni was buying into her own belief that she's a DIVA and Divas don't pay for things, mere mortals do. It seems as if she was living off of the "bill me later" mantra considering the type of companies she was owing.
tellmeaboutit's picture

UNFAIR TONI B. CAN SANG!!!

UNFAIR TONI B. CAN SANG!!! BUT UM...SHE CAN'T SELL MAJOR RECORDS ANYMORE!!! CUZ WE HAVE FOOLERY ARTISTS LIKE; NICKI MINAJ, RIHANNA, BIEBER AND WHAT NOT DESTROYING PRECIOUS MUSIC!!!
TEAM TONI's picture

Filing is just a way to cover

Filing is just a way to cover your butt and not have to pay all that you owe. The debt is written off and your credit is fucked for 7 years then VOILA! you can start over again.
DeDe's picture

ORKIN MAN TONI?!?!SERIOUSLY!?

ORKIN MAN TONI?!?!SERIOUSLY!? LOLLL
holla06's picture

Come on Toni!!! Not you?

Come on Toni!!! Not you? Simple way to avoid this, live within your means or on a budget. You dont have Beyonce income,so you cant spend like her . When will these artist,entertainers and athletes learn???? Still love her.
Anonymous's picture

This is why reading is

This is why reading is fundamental. YBF didn't tell the whole story. Toni Braxton got screwed over by her insurance company. When she fell ill for heart problems, she had to cancel her Vegas shows. Her insurance company, Lloyds of London, refused to cover the loss revenue of her future concerts and other endorsements/sponsorships because she had a "pre-existing condition" which made her insurance policy null and void. Vegas hit her with the bill, and viola, she's broke. Now THAT is tragic!!
Get it Together Black People's picture

COSIGN! iF THIS WAS NECOLE

COSIGN! iF THIS WAS NECOLE BITCHIE, I'D THUMBS UP THE HELLA OUUTA THIS
Anonymous's picture

Her husband has a lot to do

Her husband has a lot to do with the debt. I remember reading an interview that she did a while back. And since, she's married to him then the debt is also hers.
Tagirl27's picture

If you marry a moron, for

If you marry a moron, for sure don't let him manage yo paper. Not every man is a businessman. She cant put it all on her husband.Toni is in her 40s ,she knew what she was doin when she was constantly buyn shit!!
NYChica's picture

I don't think her husband has

I don't think her husband has anything to do with it. He has (had?) money in his own right. After her 1st bankruptcy, he was the reason why she was able to pick herself up. Love Toni, but I think she has a serious problem living above her means.
Elizabeth's picture

Love Toni Braxton, hope she

Love Toni Braxton, hope she gets back on top again. I know black people love these kinds of downfalls, makes them feel better about themselves. Financially, she made questionable decisons and purchases, like most people. Its painful to see celebrities who have made tremendous amounts of money like Hammer, dwindle down to nothing.
Anonymous's picture

Oh no! I think the majority

Oh no! I think the majority of sistahs have much love for Toni. I want to see her sing well into her 80s however I don't understand how you can have a wonderful gig, as she does, and fall victim to the same trap twice? Now that Niki Menage a twat, her downfall would be good for everybody...
Bronze_Duchess's picture

Alicia Keys, Ameriie, PLEASE

Alicia Keys, Ameriie, PLEASE TAKE NOTE, THIS IS WHT HAPPENS WHEN U LET UR HUSBAND?LOVER?FIANCE RUN YOUR AFFAIRS!! Po' Toni!
Shreveport Shawty's picture

Toni had these problems long

Toni had these problems long before she got married.
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Anonymous's picture

The record labels will have

The record labels will have people thinking you can spend money before you actually get it.
Colonel Stinkmeaner's picture

To All YBF Bloggers....If at

To All YBF Bloggers....If at all possible please don't waste you time responding to @Legetitt ignorant rants...He has Uncle Ruckus as his avator on YBF....And Uncle Ruckus is a fictional character that tries to escape his own identity as a Black Man...This Character is a White Supremacist in a Black Body....Saddddd....This is why @Legetitt is always on YBF degrading Black Women....So please don't respond to this Black Racist KKK member wannabe!!!!
anonymousToo's picture

These celebs kill me. Paying

These celebs kill me. Paying taxes sucks...and so does being on a budget. But, it's necessary. It's NOT friggin' rocket science. Being in debt is especially dumb if you have a handful of "financial experts" at your beck and call. That takes a special kind of idiot. Congratulations, Turd! *sheesh*
Nika_Chelle's picture

She is sooo materialistic.

She is sooo materialistic. She tries to live like a BILLIONAIRE. I dont feel sorry for her one bit!!
Anonymous's picture

Sidebar: What's good w her

Sidebar: What's good w her makeup?
Niki's picture

That is called 'Didn't

That is called 'Didn't consult with a make-up artist to do proper foundation matching.' I'm telling you...I use Becca cosmetics and you'd think I'd never had a blemish with their foundation.
Bronze_Duchess's picture

Toni, it's time for you to

Toni, it's time for you to put childish and selfish things aside. I love nice things but when I brought a child into this world, shopping at Neimans and Saks stopped. All of that lavish spending should have gone towards your child in a positive way once he came into this world. I hope you have some type of 529 plan with all of that money you spent on shopping. Maybe your sister Tamar will help as she seems to enjoy spending her rich husband's money.
Anonymous's picture

Toni get your sh*&^ together

Toni get your sh*&^ together ... your are 43 [and fabolous] not 23!!! I grew up listing and loving Ms.Toni ... but now she trying to hard to be youthful. Which may cause her to lost some long time fans ... please go back to the old Toni music style!!!
I love love an Asian Man's picture

I knew she was trying too

I knew she was trying too hard when I saw and heard that last album. The cover looked like a ripoff of Beyonce and some of the songs sounded like it too.
Coffy's picture

Toni is a mess! Like somebody

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Black Tigress Lady's picture

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Anonymous's picture

That is sad. I see Toni is

That is sad. I see Toni is still trying to keep up with the Jones’. And she had the nerve to wonder why Oprah didn’t feel sorry for her the first time she did it. Didn’t you have a show in Vegas? You should have paid off all your debt and started to live below your means. No matter how much money you make, you should always live below your means. I have no problem doing so as I could care less what others think of me. I have seen so many buy expensive houses and cars and are BROKE and have filed bankruptcy and/or gone into foreclose. I am content with my average home, Accord, and that I can send my son to private school. It’s time to stop putting all of your money in expensive things and getting into debt.
Anonymous's picture

Well its her $. But you said

Well its her $. But you said a mouthful when you said "Live Below Your Means"!!
NYChica's picture

Well said! The first time its

Well said! The first time its like...ok things happen, 2nd time....NO SOUP FOR YOU!!! (Seinfeld) You have children you must take care of...get your priorities in place...
vanity1's picture

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