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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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damn chile! once is

damn chile! once is understandable, but she def should have learned from her mistakes! do urself a huge favor n buy a calculator or something! sidenote: luvz her hair n i die for those shoes!
Anonymous biotch. no shade's picture

How does she have an iPhone

How does she have an iPhone and owe AT&T?
DJ's picture

Tiffany and Co., Orkin Pest

Tiffany and Co., Orkin Pest Control, Directv?? This ish is ghetto. Why can't one of the most talented singers in the industry get herself together? This woman must live, and continue to live waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay above her means. Sad.
zappy's picture

Damn. I don't know why y'all

Damn. I don't know why y'all always believe celebs are rich. If you make 5 million and spend 10 million you aren't rich. If you have tax liens you aren't rich. Being rich is about money management not income. These people blow money trying to convince the public they're wealthy only to end up broke as hell. That's probably why her husband left. 50 million? Damn.
Anonymous's picture

I agree! Every "celeb" is not

I agree! Every "celeb" is not rich. They just make it appear that way. They have to work. Write books, do tours, sell albums, etc. This lets me know Toni is not very bright. This is her second bankruptcy. And to top it all off, she did the Vegas shows. If you play Vegas every night you should have some type of money. She just mismanaged it.
Isla's picture

AT&T??? Orkin Pest

AT&T??? Orkin Pest Control??? I mean, really, Toni?!!!! This ish is quite sad.
Summerbaby8's picture

Toni, Toni, Toni. She owes

Toni, Toni, Toni. She owes the cable company and hasn't paid her phone bill- talk about being "everyday people"! She might want to turn that Beemer in and put some of that Neiman's wear and Tiffany's baubles on E-bay, to start. Then cut that phone plan and cable package back to basics, like most of us would. Time to raise some funds and cut some expenses.
MsDonnaGirl's picture

Thats why it should be

Thats why it should be manditory to get some sort of education in accounting and basic common sense before you join the industry...... this is sad. Ill pray for you Toni.
theblacksocialite's picture

Ridiculous.

Ridiculous.
NYC's picture

Wow no wonder her man don't

Wow no wonder her man don't want her lol j/k (not really)
Beautifuldaidreamer's picture

Happy Birthday T

Happy Birthday T
Anonymous's picture

That doesn't make any sense.

That doesn't make any sense. You've "been there done that" and didn't learn the money management lesson? Dang! She was just headlining in Vegas when I was there in '08. What happened to that cake? I think celebs live outside of their means sometimes...
Anonymous1's picture

why are rich people always on

why are rich people always on debt status?
Anonymous's picture

Toni sort it out!!!

Toni sort it out!!!
Damnnnn's picture

thought she learned after the

thought she learned after the first time filing for bankruptcy. Where are the ppl she pays to handle these things?
EntertainmentsFuture's picture

She either needs to learn

She either needs to learn self-discipline with her money, or she needs new people ASAP! I think it's a combination of both!
Anonymous's picture

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