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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. 

See also

224 COMMENTS

No Avatar
106.

SallyChi    

#15 is right. When you're a celebrity, it's high-end living. You have to put on a show on and off the stage. Get a financial advisor and accountant. Always pay your taxes before you buy food.
Toni's been there before....she should know better. Plus she has two children. Not good at all.

1476 days ago
107.

Rockcandy    

You can take the girl outta Compton, but you can't take the Compton outta the girl.

1476 days ago
108.

big nuts    

TNB...please move this ghetto slug story to Ebony TMZ

1476 days ago
109.

Nelle    

She has filed before, found out it's the easy way to get stuff free. She is writing off 60 million dollars worth of debt... and stuff she will not have to return. She's not stupid!!! She's legally committing robery.

1476 days ago
110.

TMZ addict    

Hey Toni you may be able to get out of your credit card debts but the IRS debt will NOT be included in the bankruptcy.

The IRS is serious about their money, and the laws changed recently, the IRS debt CANNOT be included in the bankruptcy sorry girl but the IRS is not going for that this time.

Your lawyer should know that the IRS debt will not be forgiven.
Better go sell your Tiffany jewelry to pay them because they will come after you, they already have a lien on you!

1476 days ago
111.

Sandra     

What a slimy way to get out of paying bills!! I can't feel sorry for a woman who made millions and managed her money so poorly. She has a lot of nerve to do this a second time!!!!!

1476 days ago
112.

HumanNature    

NOT SURPRISED,
TYPICAL BLACK WOMAN!!
THEY ALL DO IT.......

Posted at 9:04 AM on Oct 7, 2010 by henry hill

BEING IN DEBT HAPPENS TO EVERY FREAKIN HUMAN BEING, RACIST!!!!!

1476 days ago
113.

Bubbles The Chimp    

What a shame. Yeah righ!!! Poor thing only has between $1-10 million. What a stupid person. I have no sympathy for rich people who can not live within their ridiculous means.

1476 days ago
114.

Bill F. Murray    

I'll tell her where she can find sympathy:

In the dictionary, between 'sh*t' and 'syphillis'.

1476 days ago
115.

Fanoodle    

So who exactly doesn't she owe money too. To make all those millions and end up with nothing. Shame shame.

http://www.fanoodle.net/

1476 days ago
116.

Fanoodle    

So exactly doesn't she owe money too?! :)

http://www.fanoodle.net/

1476 days ago
117.

Elekktric Blue    

Miss Toni Braxton better get on that proverbial Ho Stroll and start looking for a daddy.

It's really disheartening that a beautiful woman with such talent could end up in this fashion. Stupid, really.

I don't feel a modi*** of empathy towards her or any foolish and entitled "celeb" twit that has no concept of not only how money is earned and gained but how to save and invest AND the proverbial LIVING WITHIN ONES MEANS. I honestly hope that she gets treated just like the average Jane with her current bankruptcy and is FORCED to pay back every shiny copper.

1476 days ago
118.

jus-sayin    

Hey, number 1. JLS or 11. (if you want), pull the crooked hair out of your a$$...did you get up on the wrong side of the bed or what?

1476 days ago
119.

walter3ca    

Happy Birthday Toni.

1476 days ago
120.

Dino     

She is the typical person who spend more that what she makes !

1476 days ago
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