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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

WANT YOUR OWN AVATAR? GET IT HERE.

It's a good thing today's her

It's a good thing today's her birthday!! It's a shame to make all that money and end up with nothing.
Dr Celebs's picture

On another note her shoes are

On another note her shoes are HOT
Anonymous's picture

IM ABOUT TO FILE AGAIN TOO

IM ABOUT TO FILE AGAIN TOO TONI GIRL HAHAHAHA AINT NO MONEYYYYYYYYYY ALL OF YALL ON HERE JUDGING ACTING LIKE IT AINT HARD OUT HERE CAN KISS ME AND TONI'S PRETTY ASSES!!!!!!!!!!!!!!!!!
BeBe's picture

WELL YOU AINT WORTH 1-10

WELL YOU AINT WORTH 1-10 MILLION, R&B MULTI-PLATINUM SINGER, BEEN ON BROADWAY ETC. ETC. TONY NEED TO SIT HER OLD BUTT DOWN SOMEWHERE INSTEAD OF TRYING TO KEEP UP WITH YOUNG HOLLYWOOD.....GET IN THE STUDIO MAKE SOME REAL MUSIC AND STOP FREAKIN ON 20 YEAR OLDS.
Lavish's picture

Dumb leading the ignorant!!

Dumb leading the ignorant!!
vanity1's picture

Blind leading the blind!

Blind leading the blind!
Anonymous's picture

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Anonymous's picture

Toni obviously has no concept

Toni obviously has no concept about money management. I hope she gets professional help or she may end up on the streets pushing a shopping cart holding all her earthly possessions on day.
Starla's picture

Toni.... go straight down to

Toni.... go straight down to da welfare in da mornin. *cue music* Good Tiiiiiiiiiiiiiiiiiiimes......scratchin and surviiiiiiiiiiiiiivin!! Hangin in a chow liiiiiiiiiiiiiineee.....Good Timmmmeeeeeees Aint we lucky we got emmmm. ok im bored....cant u tell?
Go suck a fat one's picture

We "gots" to do better! lol

We "gots" to do better! lol
BlackVesper's picture

How the hell you gone owe a

How the hell you gone owe a hotel, Tiffnay's. Neiman's, AT&T, and ORKIN PEST COTROl did anyone else catch that PEST CONTROL??? I thought when you check out of a hotel you have to pay. I thought when you shop at Tiffany's you have to pay. I thought when you shop at Neiman's you have to pay. I thought of you have some people come to your house to kill some rats or whatever she had you send a check?? Is she crazy she really just had "accounts" set up in a ll these places and since she's Tony Braxton they just let it all add up. Hell it's not her that's stupid it's these businesses that let her punk them with her celeb status they should have gotten some collateral or made sure she could front her bills before they just let her spend til her hearts desire. Wow Tony good luck with all that. And a word from the wise someone who has made a lot less than you in their life but is doing very well by normal people's standards LIVE WITHIN YOUR MEANS AND IF YOU CAN'T BUT IT WITH CASH ON SITE THAN YOU CAN'T BUT IT I DON'T BELIEVE IN CREDIT IT'S FAKE MONEY!!!!!!!!!
claudette's picture

BIG CELEBS LIKE THIS DON'T

BIG CELEBS LIKE THIS DON'T HAVE TO PAY FOR SHIT...THEY JUST STEP IN AND PICK WHAT THEY WANT AND HAVE IT SHIPPED AND BILLED LATER. OR THESE COMPANIES ALWAYS SEND MAJOR STUFF TO THESE CLIENTS AND BILL THEM LATER IF THEY DON'T SEND IT BACK..OR HAVE THER SALES REPS DO PERSONAL HOUSE CALLS TO SHOW THE NEW HOT STUFF AND THE CELEBS PICK IT OUT AND GET INVOICED LATER. YEAH YOU CAN GET ALOT BY JUST BEING A BIG NAME IN THE INDUSTRY AND NOT HAVE THE CASH FLOW TO BACK IT UP. GOD BLESS TONY. SHE HAS TO BE GOING THRU A LOT WITH HER SON AND GETTING A DIVORCE. BUT, SHE STILL LOOKS HOT HOT HOT. BANKRUPCY IS JUST A FORMALITY. SHE WILL BE FINE.
Anonymous's picture

BANKRUPCY IS JUST A

BANKRUPCY IS JUST A FORMALITY?? You sound stupid! She isn't Donald Trump honey she's just a singer...... Still laughing at just a formality!! shaking my head!
vanity1's picture

The ORKIN part of the story

The ORKIN part of the story gives it that much needed ghetto feel to make the story flat out sad.
Bronze_Duchess's picture

TONI TONI TONI.. God has

TONI TONI TONI.. God has given u the opportunity to live a good life but with poor management u will be debt . U know u have a bad heart (aka heart problems) but u keep going into debt which makes u stressed out therefore affecting ur heart again and then u have to go to the doctors and then wont pay them? common girl... U have to be humble and know how to manage ur money for pits sake if u can afford tiffanys must u wear their jewelry?? common mehn
Going to the OMG tour's picture

I heard she likes to live

I heard she likes to live large! Damn Toni.
Happy Lady's picture

What the hell is she doing

What the hell is she doing with her money and why doesn't she hire a jewish accountant and then hire a Chinese accountant to monitor the jewish accountant. And if that don't work, I don't know what will...
Bronze_Duchess's picture

OMG those cork platforms with

OMG those cork platforms with neon pink heel are off the hook!
Bronze_Duchess's picture

I remember a friend of mine

I remember a friend of mine showing me a picture that she had taken of Janet Jackson's house in California. The house was okay, well kept, but NOT over the top. That's how you live, very humble, regardless of the money you have. Whether or not she has a special needs kid is beside the point, quite frankly, there are 10 states that cover all the bills for an autistic child. Not sure if Nevada is one (off the top of my head). She has to get it together. This ish is crazy.
zappy's picture

She signed 3 yr/ $17 mil deal

She signed 3 yr/ $17 mil deal with the Flamingo Hotel about five years ago. Autism of her kid aside, there is NO EXCUSE for this whatsoever! We all have to pay taxes, yes she pays 10 pcnt to her agent/manager. But she was arguably, a top 10 artist of the 90s + that sweet LV deal. NO EXCUSE! Neiman Marcus? Four Seasons? Tiffanys? WHY?
Anonymous's picture

If you dont have good money

If you dont have good money managing skills then it will not matter how much money you make, you will find yourself in debt and wondering where all of your money went. Couple that with the stresses of her life and you can be headed straight to bankruptcy court. Once you get used to the posh life I doubt its easy to let it go. Even if you are going broke. She is apparently an overspender and has not a clue on how to handle money. She will be fine though.....as are most rich folk who declare bankruptcy.
Yup's picture

More tips for Toni 1. Tour

More tips for Toni 1. Tour ASAP 2. Get a perfume out 3. Endorse 4. Write a book 5. Release a single with Akon 6. Move to a smaller house 7. Live within your means 8. Mary a rich husband
Anonymous's picture

LOSER!!!!!!!!

LOSER!!!!!!!!
Anonymous's picture

This just proves that MOST of

This just proves that MOST of these celebrities are living from check to check like the majority of people in America. Trying to keep up with the Jones' has cost Ms. Braxton. That's why I like Megan Good, she doesn't "appear" to be trying to keep up with the hollywood standard. Heck, you may even see her wear the same outfit 10 times. But I'm never impressed by the type of car a person drives, the type of home they live in neither the designer clothes they wear. For all I know, they could be one payment from losing everything.
Gail's picture

Gail, you couldn't have said

Gail, you couldn't have said it any better. I honestly don't care what i show off to people, as long as u are healthy, eat good, well kept, clean and take care of your business/bills ...... living the LV life and keeping up with the jones is BS. But am sure she has 4 to 5 Berkin bags that cost 15k USD.. SMH Heck Beyonce who is one of the richest entertainers today, she is very frugal with her money, she repeats some times.. because of tomorrow and so that she doesn't have to face what most of these people are facing in the future.
Going to the OMG tour's picture

Tips For Toni: 1) Buy a

Tips For Toni: 1) Buy a calculator and a note pad 2) Get on a "pay-as-you-go" plan with ur phone company (or cop a flip phone at 7-11 and a $10 pre-paid card) 3) Hire a financial advisor or failing the money and means....hire a family member who is decent at math 4) Sell ur house (if you still have one) and move in with the your mama and please get your shit together...just saying :/
Anonymous's picture

Toni Braxton said on the

Toni Braxton said on the "Wendy Williams Show" that the first rumors of her bankrupcy where false!!! But i am not sure if they are false Toni has a lot on her plate!!! And i am not sure about her album sales and how much money she earned but her son is autistic she probably has trouble paying a caretaker and private school lessons for his care!!!
Anonymous Too's picture

1. She needs new people

1. She needs new people forsure 2. Hospital bills can add up and i'm sure she has some issues w/ health insurance because of all of her issues and her child 3. Tiffany's was on ur list last time girl!!! I do remember that! 4. WTF - Bankruptcy is not your fall back on...there are many of us who are doing our best to hold it together and we make ALOT less than you. You need to hussel a little bit betta...all these people w/ less talent and looks have commercials, make-up deals, clothing line deals, i see you owe At&T which isn't surprising....can you sing them a tune or get a ring tone??? Something....
vanity1's picture

Bravo reality show???? GTFOH,

Bravo reality show???? GTFOH, how many housewives have had a Bravo reality show and filed for bankruptcy??????? Bravo must not pay well.
Becky Sue Betty's picture

It doesn't matter how much

It doesn't matter how much money Bravo pays. The housewives - as well as other Bravo reality stars - have to hustle just like everyone else. I don't really agree with Kim K's launch to fame but does it really matter? You can't knock that girl's hustle because she's EVERYWHERE! Classic example of hustling! If someone gives you a public platform, it's up to YOU work it to your advantage!
Anonymous's picture

I DIDN'T KNOW YOU COULD FILE

I DIDN'T KNOW YOU COULD FILE BK MORE THEN ONCE.............HMM MAYBE EVERY 10 YRS, HELL I DON'T KNOW
LUCY's picture

this is straight up trifling.

this is straight up trifling. this is called living well beyond your means. She should have been careful this time anyway having gone through this before. Not only that, but she has a special needs child that she needs to have her shit together for. WTF! I guess its true that we are all only a few paychecks from bankruptcy..... LOL
Anonymous's picture

No wonder why she's been

No wonder why she's been looking so regular lately. Toni is the epitome of "hood rich" mentality--won't pay your bills, but will buy a bunch of bling and BS. Remember she said she WON'T sleep on anything less than 1,000 thread-count silk sheets, and she use to have her first baby in LV and Gucci before he could even sit up straight. I wonder what in hell happened to her income from her Vegas shows. Celine Dion made a killing off them.
Get it Together Black People's picture

Hey, Toni...here's a tip -

Hey, Toni...here's a tip - DON'T SPEND $$ YOU DON'T HAVE. If you don't have the money to stay at the Four Seasons, then you stay at a Marriott. If you don't have the money to push a BMW, then you drive a Honda. If you don't have the money for Tiffany's, then you go to Claire's. But this is ridiculous. Makes me sick that people like her can rely on bankruptcy (more than once!) when the simple fact is that she has no control over her spending. Face facts, Toni - this isn't the days of "Unbreak My Heart". No one is checkin' for you anymore. So live within your means. And don't expect anyone to feel badly for you - you should have learned after the first time.
Anonymous's picture

Really?! Is she doing this to

Really?! Is she doing this to stop her ex from taking her money, or is she broke for real?
Anonymous's picture

Really?! Is she doing this to

Really?! Is she doing this to stop her ex from taking her money, or is she broke for real?
Anonymous's picture

She needs a new management

She needs a new management team asap. You never hear of this with celebs that have good accountants. I will never understand if your rich how do you let yourself get into debt like this. If you know you only have $5 mil why would you spend $10 on a house, just using that as an example. Manage your money better people.
215girl's picture

Not paying your utilities and

Not paying your utilities and parking tickets... now that beyond trifling. I am so tired of these bankrupt celebrities... you make millions yet you can't pay your bills. Stupidity at it's finest.
Keli's picture

WHAT?? Im sorry but I find

WHAT?? Im sorry but I find this funny. There is no reason she should be behind on her cable and phone bills. NONE. This is also very sad because she has filed for bankruptcy before. Im not "grown" per se but I have a job and can manage my money enough to pay my phone bill, buy my clothes, eat an still have money to spend. 0_o
Kera's picture

thats just a MESS. i

thats just a MESS. i mean...idk anymore...lol this is disgusting for you to be given SO much yet not know how to care for it. Lord, can you start a service line for those who ARE good stewards over their possessions??! GEEZ!
myMAMAsaid's picture

wheres her hubby? why aint

wheres her hubby? why aint steppin in to pay something? hell atleast the cable bill! smmmhhh!
Anonymous 's picture

They are divorced.

They are divorced.
Anonymous's picture

Those medical bills can't

Those medical bills can't possibly come up to 10 million. Unless she was hospitalized w/ round the clock care for 5 yrs! This is insane. She needs to learn meaning of budgeting and creating tax shelters. Lebron, I'm paying 46 million for a house, James-take a look at your future! Best pull up!!!
Letgetitt is a gay troll's picture

I don't know about all that

I don't know about all that but all I can see from my computer is that her makeup is way to light for her complexion. She looks casket ready. But then again, I guess she can't afford MAC so it looks like it's back to Maybelline -_-
MyNailsStayDoneBitch's picture

THAS A GOO ONE MIJA

THAS A GOO ONE MIJA
CAUSEISAIDSO's picture

lmao! shes apart of the

lmao! shes apart of the "ghost face killa" crew, u aint kno?! lol
Anonymous 's picture

What makes Toni's situation

What makes Toni's situation so laughable is that she was just photographed rocking a $10 000 Hermes Birkin bag. Just shows that hood habits only get worse with money. Toni is no different than any other ghetto girl shopping first paying her bills second, if at all. SMH
Lisa's picture

Really Toni? Orkin? DirecTV?

Really Toni? Orkin? DirecTV? Girl BYE! I have no sympathy for her situation because how are you worth at least a million but can't pay your damn cable bill? GHETTO!
Anonymous's picture

I will never begin to

I will never begin to understand the lack of respect these celebrities have towards their money. It is truly a blessing to be in the position that they are in, and most of them have worked very hard to get there. So, one would think that they would be more responsible, given the fact a lot of them were NOT born with a silver spoon in their mouth. How are they still going into debt, owing the Man (Govt.), baby mommas, etc. when they have people in place to handle their money? That answer eludes me... Someone is dropping the ball. No matter how much money you make, you should always be in control of your money. You should be aware of whats coming in and whats going out. I wish her best. Its nothing like staying up at night stressing over money issues.
Anonymous's picture

DEAD @ "Orkin Pest

DEAD @ "Orkin Pest Control" lmao
Ale's picture

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