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Toni Braxton

Bankrupt Again

May Owe $50 Mil

10/7/2010 10:45 AM PDT BY TMZ STAFF

Toni Braxton has filed for bankruptcy again -- claiming she owes somewhere between $10 million and $50 million in unpaid debts all over the country ... including DMVs in TWO different states.

Toni Braxton bankruptcy.
Braxton -- who sold more than 40 million albums in her career -- just filed for Chapter 7 bankruptcy in California ... and in the docs, the singer claims she's only worth somewhere between $1 mil and $10 mil ... but she could have up to $50 mil in debts. 

In the docs, 43-year-old Braxton lists a ton of creditors to whom she thinks she may owe money... 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
-- ADT Security
-- American Express
-- Flamingo Las Vegas
-- Mesa Air Conditioning
-- Nevada Power Company
-- Screen Actors Guild
-- The Westin
-- Wells Fargo Bank



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

Braxton has a storied history of financial problems -- she filed for bankruptcy back in 1998 ... and earlier this year, the IRS filed a lien against her for $396k. 

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224 COMMENTS

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16.

Oval Beach    

Chef- I LOVE that recipe...although...instead of just pouring the wet pasta into the egg mixture, I typically pour the drained pasta into the pan that holds the bacon/pancetta, have the pasta soak up a bit of that delicious fat and coat the pasta with bacon fat deliciousness, I then pour the egg mixture into the large pan that the pancetta and pasta are now in. May I also suggest that when frying the bacon/pancetta that you chop up some mushrooms and saute them in the bacon fat as well. The mushrooms give the finished dish that added "robust" note that the dish lacks otherwise.

1372 days ago
17.

Katie    

I used to work for a repossession company, and we had Toni Braxton out for repossession. Eventually she paid the bill and the repo was canceled, it was crazy though!

1372 days ago
18.

SallyChi    

Since Las Vegas, she hasn't "worked"...meaning she needs to get out and do concerts. Her CDs don't sell anymore, so hit the concert trail...try to get a reality show - Toni's BK Clearout....that will bring in some money.

What entertainer isn't broke?

1372 days ago
19.

ManiacalZebra    

Why didn't she learn her lesson after the first bankruptcy? Is she going to pull this for the rest of her life?

1372 days ago
20.

Eric    

Give a fool money, they lose money.

1372 days ago
21.

Jean    

Hey, Toni, a tiny piece of advice -- someone who's filed for bankruptcy should NOT be shopping at Tiffany or staying at the Four Seasons. I'm just sayin'....

1372 days ago
22.

Kelly    

I'm so glad I listened to my Dad when I was younger! He told me if I really want something, but don't have the cash in my pocket and would have to use a credit card, to go home and REALLY think about it. If I really still want it the next day then go get it. By my Dad teaching me that I petty much eliminated impulse buys of crap I don't need. Thanx Dad!!

Toni apparently learned nothing fom her first bankruptcy.

Doesn't she have a child with autism or something?? She should have focused her attention and money on her child instead of driving her BMW to Neiman Marcus and Tiffany's!!

1372 days ago
23.

maxscat    

it is pretty dumb. you'd think you'd learn after the first bankruptcy and not just use it as a fall back crutch. she has no excuse, she's talented and beautiful. damn girl, go on tour, make new music, do some shows,book gigs in vegas....WORK

1372 days ago
24.

maxscat    

maybe she'll have a garage sale

1372 days ago
25.

Illinois person    

first off, she's going to have to start staying at Motel 6 & shopping at K-Mart and/or GoodWill. Other than that, I don't believe you can file against the IRS, can you? Auction off your 6 Grammys, they should bring in a pretty penny. You need to get it together girlfriend.

1372 days ago
26.

ben    

Must be nice to spend, spend, spend - then file for bankruptcy to get out of paying for everything!!! Must be nice to be living large for FREE!!!

1372 days ago
27.

tracy    

JLS you are a piece of work. If I made even a tenth of what Toni Braxton makes I would be living good. She is pathetic. Don't even include her in the economic troubles of the USA. I don't feel sorry for her one bit, how can anyone knowing the kind of money she has made.

1372 days ago
28.

Kevin    

That Steve Hersch guy from Vivid should over Toni a porno deal, not that other scrounger.

1372 days ago
29.

Teacher's Pet    

@JLS - How long do you think it will take America to dig out of the hole Obama is putting us in? You can't keep spending when you don't have the money (this applies to Braxton and Obama!!).

1372 days ago
30.

Jay    

#11.
Looks like the IRS literally snatched her bald.
Posted at 1:15 AM on Oct 7, 2010 by TreeMileZune

Or maybe they bald her snatch ... he-he.

1372 days ago
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