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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

No Avatar
31.

disgusted    

JLS...You live in a dream world..like all "entitled" thinkers...Just do as you please,dont think of anyone but yourself and bitch and moan all the time and take no responsibility..everyone else picks up your "droppings" in this world for you. Shut-up..make sense and pick up your own s@*T.

1414 days ago
32.

A F    

Last time she filed for bankruptcy, she did it just before she wanted to go on tour and Oprah stepped in and donated money to her so she could tour. Now, I don't think Oprah would give a hoot, this chic has been on Broadway and been in her own Vegas show, she has made a lot of money throughout her career she should not be in that much debt if she had invested properly or at all and not lived beyond her means.

I understand she has heart disease and requires treatment, etc., and since she's a music artist I'm sure she didn't have health insurance so she's proably got medical bills out the arse like plenty of other Americans. But, when you go into debt from too much spending and living beyond your means, that's really inexcusable. Bankruptcy twice in one lifetime--she's not an airline for goodness sakes!

1414 days ago
33.

Barbarascy    

Times are tough for everybody I guess. She probably has not been making the kind of money she was 15 years ago. Add to that all the medical issues she's had in the last 10 years. I know she had some serious medical issues herself, but her son is Autistic. Although I am not sure how severe his situation may be. She has split from her husband as well. Professionally she has had troubles with record companies and a manager that may not have been doing right by her and her money. These are all the perfect ingredients for the situation of bankruptcy.

1414 days ago
34.

KAM    

GET A J-O-B....and DON'T LEAVE IT TO THE HARD-WORKING TAXPAYERS

TO ALL BUSINESS OWNERS:Just BECAUSE THEY'RE A STAR DOESN'T MEAN THEY'RE RICH....THEY ARE THE WORSE KIND WHEN IT COMES TO PAYING BILL JMO

1414 days ago
35.

Zambonie    

being 10-50 *million* in debt is a far cry from having money troubles or being broke
to get there you'd have to know your going to declare bankruptcy and go on a mega spending spree

1414 days ago
36.

sarah    

Owing $$$ to Orkin should be a wake-up call to these other "stars" to rid themselves of the yes saying, brown nosing c*ckroaches that hang with them.

1414 days ago
37.

quita    

Um, if you owe millions of dollars, why are you shopping at Tiffany and Neiman Marcus??? Wow!

The sad thing is she'll never have to actually pay up and she'll be living far better than you and I! Sad.

1414 days ago
38.

readerchic    

I know Toni was sick and having problems with her heart.Ive also heard her talk about her son being autistic.Hope things get better for Toni.Ive always enjoyed her music.

1414 days ago
39.

Kevin    

Hey BITCH ....Leave them Damn Fabergé lone!~!~!

You ain't Beyonce....

MAYBE IF YOU HAD married JAYZEE...But ya didn't Blanche,...Ya Didn't!!!!

Stop trying to live LARGE, at the Four Seasons, and shopping at Tiffanys and Take yo Over-spending, has been (or more like Hasn't been since the early 90's...) ta Targét, instead of Fabergé.....LOL.

Stupid Bitch!

1414 days ago
40.

Ozzie X    

Living La Vida Loca

Not $30,000, not 100,000, not even 500,000 but

$50 millllllllllllllliooooooooooooooooon!!!!!!!!!!!!!!!!!!!!!

1414 days ago
41.

Ozzie X    

Wow.. I know she had breast cancer and has an autistic son but aside from that don't spend what you can't afford, so what if you have to downgrade the life style that you were once accustomed to. Many average Americans have had to make changes and sacrifices in their life style to stay financially a float. 50 million dollars in debt? At what point do the red flags start waving? 1 million? 5 million?

1414 days ago
42.

Chuck    

Wow...I don't feel bad for her one bit, her actions are reckless and irresponsible. If you can't afford it, then don't buy it.

1414 days ago
43.

Melissa    

This country is in the shape it is now thanks to the Demo-rat led Congress....Bush and Cheney spent money, but nothing like the new guy who cannot man up and take responsibility for his spending habits...sounds like a pattern from the left and celebrities. Shallow minds think alike. They have no choice.

1414 days ago
44.

KP    

LOSER!!!!

1414 days ago
45.

Kevin    

#52-Melissa..PLEASE.....

Cheeny and his puppet George W. Did FAAAAR WORSE...
they sent thousands of young men & women to DIE in a PHONY WAR looking for PHONY WMD's...
then left this country in Such a MESS no one could "fix" it, not even Samantha Stevens if she twitched her nose!

Nothing about that though huh???? blame all our country's financial problems on the Black guy....
I bet if HE sent your son or brother to DIE in a phony WAR, you'd be marching up to his White House wanting to LYNCH him like your grand daddy would if he's have looked at a White woman....

But Of course it's All the black guy's fault, NOT the Murdering, Phony, De-regulating Cheeny bush bunch....
Get your facts straight before you blame the Black butler who has to Clean up the Mess as usual...!

1414 days ago
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