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Toni Braxton -- Bankrupt Again, May Owe $50 Mil

10/7/2010 9:20 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. 

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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. 

A close relative of Toni Braxton tells TMZ ... the singer's financial undoing can be traced back to her show in Las Vegas.

The relative tells us Toni took out "show insurance" through Lloyds of London for her act at the Flamingo Las Vegas Hotel and Casino back in 2007. 

When Toni was diagnosed with a heart condition -- in the middle of the show's run -- she had to pull the plug, but she was still on the hook to the Hotel for big bucks.  Toni expected Lloyds to cover the loss but Lloyds didn't, arguing Toni had a undisclosed, preexisting medical condition, rendering the policy void.

In the end, Toni had to absorb a huge loss, which the relative claims sent her on a downward financial spiral.

Toni Braxton showed up to the Dolphins game in Miami on Monday ... wearing some blinged out jewelry, a snakeskin bag and a pair of Louboutin heels which retail for over $800.

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Simon Cowell's Birthday Surprise


Birthday boy Simon Cowell had a little surprise waiting for him today when he showed for work -- emphasis on the little.

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When the now 51-year-old former "American Idol" judge pulled up to the "X Factor" set in the UK this morning, a band of singing little people greeted him.

They were all wearing shirts reading "Happy Birthday, Love Cheryl" -- as in "X Factor" judge Cheryl Cole.

What else do you get the guy who has everything?!


Tom Cruise's Body -- A Closer Look!


Tom Cruise proved he's still in top form yesterday in Prague, where he was filming some shirtless scenes for "Mission: Impossible 4" -- and now, we can get a closer look at that six-pack!

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Click the photo to zoom in on the 48-year-old's impressive physique.


Justin Bieber -- He's a Kippah!


Justin Bieber threw on his finest yarmulke and went to the wedding of his musical director in Toronto over the weekend.

Justin Bieber
Oy, he looks so skinny. He should really eat something.

100110_bieber_video4UPDATE: Bieber also joined forces with the groom (who played guitar) to rock "Baby" for crowd ... it's definitely worth a watch.



Ashley Tisdale -- The Vegas Bikini


It was 96 degrees in Vegas this weekend -- and Ashley Tisdale adapted to the heat by throwing on the tiniest bikini she owns.

Ashley Tisdale bikini

Our friends at OfficialImage.com caught the "Hellcats" star takin' a dip at Wet Republic at the MGM Grand ... right around the time Avril Levigne was celebrating her 26th birthday.

FYI -- Avril was sans her kinda-sorta-maybe boyfriend Brody Jenner.


Johnny Depp Gets Jack'd Up


Johnny Depp was back on set today to resume filming on "Pirates of the Caribbean: On Stanger Tides" in London -- where we got a closer look what it takes to get him to look like Captain Jack Sparrow.

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Depp arrived on set with his hair down, wearing jeans, a t-shirt and a plaid shirt -- but then re-emerged with his hair in braids ... which were then covered up with a wig.

Check out Depp's crazy transformation -- plus zoom in on some secret set shots!


What's the Big Frigin' Difference?!


Scrounge up your spectacles and see if you can find the hidden differences in the following photos!

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**HINT -- There are THREE differences in the above picture!**

Celebrity Scramble!


Can you guess whose handsome man mug got a nasty celebrity scramblin'?

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154 COMMENTS

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1.

Sarah    

That's pretty good. Toni Braxton can file Chapter 7 BK (AGAIN), be worth $1-$10 million, file on up to, $50 million. Why is she not responsible for repayment, like the average person. I guess the formula for Chapter 7 doesn't apply to the rich. This high end Diva needs to give up her fancy lifestyle and cut up those credit cards. There are millions of good, hardworking people, that are unemployed, and homeless. How sad.

1477 days ago
2.

Gia    

Bankruptcy again?? Someone needs to learn how to handle her finances. Tiffany's etc??

1477 days ago
3.

Ray    

Obama will bail her out

1477 days ago
4.

marylou    

Boo-hoo on Toni Brxton - like I would have sympathy for any "celebrity" who has money woes. It's called being fiscal responsibility and I'm sick and tired of heaering about these so-called famous people who have no regard for anyone but themselves...filing for bankrupcy means that the honest, hard-working citizen - us - is gong to have to foot the bill for her reckless speding! She should be 100% held accoutnable for the mess she's in and blame no on ebut herslef - Shame on you Toni Braxton - you selfish pig!

1477 days ago
5.

Joe Brown    

Here you go joe

1477 days ago
6.

mike    

dont blame Tony she paid her insurance and when she went to collect for her heart condition the insurnace company pulled a fast one on her. I love you Toni keep focus and have Faith God will see thru this.

1477 days ago
7.

Kat Emerick    

It is totally amazing... I am $10,000 in debt and I am sick about that and trying to pay my bills and here is someone who just don't stop. $50 million in debt??? Hey Toni can you pay my debts off too?

1477 days ago
8.

thesby    

ain't my problem!maybe toni needed to learn how to budget her money and pay for thing in full and not on no credit with the money she makes.there are people out there not making nothing!get a loan from jerry jones, bill gates and mark cuban ha ha!at least our hole of debt is not deep like hers!

1477 days ago
9.

Daniel Joe    

This lady needs help. Can the government find a way to help people like this girl? The tax payers are there for you.

1477 days ago
10.

Elizabeth    

It seems to me that we have to pay her fancy life. I am in the point that I want to file for BR too, maybe that's the only way to have some of the money that this government is giving away back in some way.

1477 days ago
11.

Lily    

Don't blame Toni? She paid for her insurance? No, she committed insurance fraud by not disclosing her heart condition something she had to know might prevent her from completing her committment

1477 days ago
12.

America    

This is a joke. If anyone feels bad for her then you are also a joke. People like this are the reason america is falling apart. If you cant pay for something dont buy it and if you have made that much money and sold that money albums how stupid and out of touch with reality do you have to be to not even know you cant pay it back. WHAT A JOKE. She should be locked up along with anyone who declares bankruptcy more than once.

1477 days ago
13.

GeishaSpycce    

Toni braxton shouldn't be aloud to file bankruptcy again!! How pathetic is that....using a government clause so you don't have to PAY YOUR WAY....what's next, $100,000 of food stamps a month?? Psh, lets just look at it this way - she'll NEVER be trusted with credit ANYWHERE AGAIN! So that'll be her punishment......she'll lose all her celebrity clout in places like tiffany and etc..........they'd ONLY take cash from her, if they'd even do business with her AT ALL! LOL

1477 days ago
14.

Gary    

"dont blame Tony she paid her insurance and when she went to collect for her heart condition the insurnace company pulled a fast one on her."...............Sorry, but if the dates of doctor appointments and clinical diagnoses regarding her heart were not disclosed to Lloyds, then it was Tony that tried to pull a fast one. Lloyd's insures anyone for anything for a prearranged price. Their reputation is a whole lot bigger and more important than trying to cheat Toni Braxton. I doubt the total income of the shows exceded 10 million to 50 million, so she's still a deadbeat, whether Lloyd's pays off or not.

1477 days ago
15.

easy    

ANYBODY THAT WOULD EVEN THINK TO SUPPORT THIS WORTHLESS PEICE OF CRAP, HAS GOT TO BE LABELED A GOV. MOUCHER,IDIOT,DUMB,WHAT EVER YOU LIKE TO BE CALLED--- TO BAD ITS TRUE.

1477 days ago
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