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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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1.

JLS    

She's got plenty of company in the money trouble department. Most of America is BROKE and/or unemployed. These are terrible economic times and nobody is safe. Thanks to Bush and Cheney we won't dig out of this hole for decades.

1374 days ago
2.

Casey    

What a disgusting piece of ****. Because she is living beyond her means buying **** at Tiffanys, us taxpayers are gonna have to pay for it.

1374 days ago
3.

me    

It's not Bush and Cheney's fault the dumb ass can't balance a check book! She wanted a lifestyle she couldn't afford like a lot of dumb Americans. I'll try to step over her when i am walking down the street but i make no promises. Oprah lectured her a few years ago about her behavior and she didn't listen. She got what she deserved.

1374 days ago
4.

msp    

Sounds like she has a major entitlement problem. I am totally blow away at how you can declare BK 12 years ago (when she was only 31) and here she is AGAIN. What about 12 years from now when she is 55? Grow up, Toni!

1374 days ago
5.

KeepItReal    

AGAIN!

1374 days ago
6.

Jack    

I guess she thinks that she doesn't have to keep track of the money, It's all hers ! Move over Wesley Snipes.

1374 days ago
7.

JLS    

God, what a bunch of fools post here. First of all it's not the taxpayers who pay for a Chapter 7. Secondly, her shopping habits are not your friggin' business nor is anything else she does with her life just because TMZ chose this as a story. You are all judgmental freaks. At no time did I attribute Toni's BK to Bush and Cheney-reread it, stupid. What I did attribute to them was the complete and epic destruction of the US economy. That's all theirs and we won't get out of this pit in my lifetime, or possibly YOURS EITHER.

1374 days ago
8.

Fredrick j frenger jr.    

The country is falling apart because celebs have lost their classiness, magnetism and ability to sell the dream to the masses. You need stylish, rich people & mega stars to more effectively ‘sex-up’ a lifestyle that keeps Joe blow laboring to achieve his fantasy on a smaller scale. You turn on TV today and what do ya got? Pitbulls paired up with midgets, I don’t even know what I’m buying, but it doesn’t feel sexy. We need early 80’s glam back, more classic, blonde bombshells who are into dating rich elderly men as opposed to baggy pant thugs, and to re-inflate the real estate bubble, and easy credit.

(They're calling me the new Ronald Reagan John.)

1374 days ago
9.

B    

Chef is that recipe for real?

1374 days ago
10.

Aishling    

Seriously this is not the first time this has happened to Toni I have no sympathy for her what so ever, If majority of people on this planet had a fraction of what her wealth was think how they could improve there lifes and she wastes it 3 times over, she should be ashamed of herself she obviously has no concept of money and its worth.

1374 days ago
11.

Big Mamma Cornbread    

2 things are for sure Death and Taxes. Be careful how you invest your money , when you get some. Sad news to hear.

1374 days ago
12.

Aaron    

What a pitiful women all she know to do is spend spend spend spend. I have no sympathy for her at all.

1374 days ago
13.

Aaron    

What a pitiful women all she know to do is spend spend spend spend. I have no sympathy for herat all.

1374 days ago
14.

janet    

Who is she?

1374 days ago
15.

Oval Beach    

Ah...she has the voice of an angel but the spending habits of a devil. This devil is very irresponsible and is clueless on how to handle money. She should never have been given such a gift. I hope she is made accountable for every penny she owes, "Unbreak my heart " indeed.

1374 days ago
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