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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
121.

jus-sayin    

I guess she IS a LOOSER!

1376 days ago
122.

Disgusted    

Not the taxpayers? Ok, consumers will foot the bill. Those companies raise prices because of people like her. The courts should auction off her belongings (jewelry, etc.) and all her homes (except one) to pay her debtors. Disgusting.

1376 days ago
123.

Donald Ray    

Hell, I think she owes ME money, too. Are we supposed to feel sorry for her? Doesn't she have accountants?

1376 days ago
124.

AMD    

You ppl are judgmental *******s who probably have debt up to your eyeballs too, I'm sure. You probably don't owe as much as Toni but, I'm sure you ppl can't pay your creditors either so, STFU. Geez. It just sickens me how much ppl judge and criticize others like they're any better. If you ppl were economically stable, this country wouldn't be in such financial turmoil. And, Harvey is a f^&king sleaze for posting a list of all her [potential] creditors. That was so f&*king mean for him to do.

1376 days ago
125.

Gene    

Can't discharge Federal Government debts on a Chapter 7 Personal Bankruptcy. The only way you can get out of Federal Government type debts are if you become permanently disabled with no hope of ever recovering, or you die. At least that is what my ex was told in 2004.

1376 days ago
126.

HumanNature    

She's definitely not the first and won't be the LAST!!!!

SO, GET OFF THAT SANCTIMONIOUS HIGH HORSES!!!!

1376 days ago
127.

Clarissa    

JLS, you are an idiot! When someone files for bankruptcy everyone pays!!! All those companies and individuals that don't get paid have to make back their money somehow. They raise their rates and we have to pay more to get their services. That makes it my business...That's like saying shop lifing doesn't cost us money. Believe me...it cost us plenty...Not to mention that bankruptcy was meant to help people in real trouble and not for people who live beyond their means. When people take advantage of the system it will eventually change and won't be there when we need it. Again, makes it my business....

1376 days ago
128.

MP    

She needs to drive a Honda and stop shopping at Tiffany's and Neiman Marcus.

1376 days ago
129.

durrr...    

hey! i found a one million dollar bill on the streets yesterday! after octomom is done with it, she can borrow it too!! :D!!

1376 days ago
130.

C    

Over the last 30 years she hasn't considered getting someone to manage her $? And...have a manager who can pimp her talents out to pay for her stuff.

1376 days ago
131.

durrr...    

oh and btw...eff wells fargo. i would not pay them one rotten penny back!! makes that only $45 million to pay back.

1376 days ago
132.

AMD    

113.
NOT SURPRISED,
TYPICAL BLACK WOMAN!!
THEY ALL DO IT.......

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

Henry Hill, you are a typical white trailer trash c*nt who is more than likely is in tens to thousands of dollars in debt yourself so, I'd keep my comments to myself if I were you. I bet you didn't have anything to say when it was reported that Nic Cage & Willie Nelson was tens of millions of dollars in the hole.You ppl are such trash.

1376 days ago
133.

Amy    

Material Girl...STOP SHOPPING !!!!

1376 days ago
134.

gayle    

I have two words for her...FINANCIAL PLANNER! This chick is spending money at Neiman Marcus and Tiffany????? WTF???? Ridiculous!!!

1376 days ago
135.

Deb    

My friend is a paralegal in a bankruptcy firm and said that she sees the same people over and over again. They file, rack up their bills again, and then just refile. Most wear expensive jewelry and clothing, have brand new top of the line cell phones, and are driving vehicles they can't afford and yet she has to sit there and listen to them tell her how broke they are. This is exactly what is wrong with this country. The sense of entitlement is outrageous. What is wrong with living within your means?

1376 days ago
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