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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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who farted    

Bankruptcy is legalized stealing!! Stop shopping Toni.

1446 days ago


Toni is a complusive spender, she enjoys spending money, buying things on top of things, she spends more than she makes, which leads me to believe if she does have a accountant, she totally over rules him and assumes she will book another gig and all her problems will be "ok". If I was her husband, I would bounce, slow your spending or I'm letting my azz out the front door. She is going to go to her grave with two nickels in her pockets.

1446 days ago

jeff stowers    

unbreak the bank, say you'll pay me again...

1446 days ago


Tiffaney's, Niemen Marcus,....start selling your stuff honey and start living within your means! I feel nothing for people that live like this and then cry I'm out of money, help! Please why didn't you save any of the MILLIONS you made!

1446 days ago


So many judgmental folks here. You morons have no idea what is going on in her life. What she does realy has nothing to do with any of you. It is only news since it is on TMZ. Why does not TMZ do a story on the coverup of the murder of Pat Tillman. Or how the past President and his entourage lied about wmd's and what is going on with the care in the VA hospitals of the wounded soldiers.

1446 days ago

It's Me    

Throw her in jail for being stupid. If you have to go bankrupt more than once you deserve to be locked up.

1446 days ago

michael cheeseborough    

thats what she gets i have no pity for her nor any celeb like her

1446 days ago


I've loved Toni since... forever but she REALLY need's to take a step back and look at her spending. The fact of the matter is that a lot of people do, going to jail as some of you say, won't fix a damn thing. It's not as if she's breaking the law.

1446 days ago


Pay up, bitch! How is it that these millionaires spend why more than they have, then file bankruptcy so they don't have to pay their debt?!?! It's total BS!!! Everybody else would be get totally wiped-out if they filed bankruptcy. Then, after all these selfish, greedy millionaires get their debt cleared away in bankruptcy, these banks and businesses raise their fees on regular working people!!!! FU, Toni Braxton and every selfish rich person just like you!!!!

1446 days ago


How could this washed up, no talent, has been work up so much debt?

1446 days ago


I say PR stunt.

Ha ha she owes money to my company!!!!

1446 days ago


I'd be really interested to see how she's invested, if at all. This "bling bling" culture these days is pretty poisonous, and young people BETTER figure that out. There will be PLENTY of rappers who will eventually follow Toni into bankruptcy.

1446 days ago


Where's Steve Hirsch with the porn offer?

1446 days ago


Who said celebrities do not get preferential treatment? If I owe even only $10 to AT & T, my phone will be cut off in no time, etc. etc.

1446 days ago


Orkin pest control and direct tv???? How much money could you owe to those companies.

1446 days ago
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