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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

No Avatar
16.

Frank    

I'm not surprised. These dumb negroes seem to be separated from their money about as fast as they make it. She'll wind up being a maid at some motel owned by Indians.

1440 days ago
17.

para cleanse    

How in the hell did Obama get in this conversatio? Some bigots are obsessed with our President. Get over it Pal-FAce. Obama now Chief. Ha,ha. Lets smoke a piece pipe and be friends so we all can just get alone.

1440 days ago
18.

Joyce    

That's just sad that her finances wasn't handle properly. She'll overcome it.

1440 days ago
19.

sos    

fans, you just keep being her fans......ridiculous! Obama bailing her out is actually WE are bailing her out! She needs a reality check...she isn't THAT good, never was.

1440 days ago
20.

Gene     

For someone that was so wealthy at one time to file bankruptcy not once,but twice is really just DISGRACEFUL!. I guess she feels that she is entitled to just walk away , without guilt and shame ,all the while regular folk get to pick up the tab. No common sense, just keep living beyond your means. What a GREAT role model.

1440 days ago
21.

Noelle    

LILY STFU! she did not know she had the heart condition until she collapsed during one of her Vegas shows that the insurance was taken out for.She was in the process of fulfilling her contracts through performing when she was diagnosed with the condition.I know this because i'm a fan and I remember when her shows were cancelled which was AFTER she'd found out about her condition.She had no previous knowledge of her condition before she signed on to do the gigs.Also keep in mind that she has a son who was diagnosed with Autism not too long before her own medical problems came about.She didn't know all this stuff was going to happen.Neither did the insurance company which is why they reneged

1440 days ago
22.

sos    

no wonder she has a heart condition...who wouldn't have if they were living constantly in debt of such huge amounts! get your life in perspective honey and I do not see any hospital bills on that list.

1440 days ago
23.

mickey     

Toni, call Oprah

1440 days ago
24.

bratto    

Are we supposed to feel sorry for someone who makes the kind of money she does and blows it??? Good Grief!!! budget like the rest of us do...

1440 days ago
25.

hebege    

Live within your means....whether you make 20,000 or 2,000,000...it's that simple.....We Americans think we are supposed to have everything.....we have forgotten how to tighten our belts....and I sure don't think we should bail Toni out.

1440 days ago
26.

Jerry    

Just like all others in Hollywood -- make a few dollars and spend like you've got billions then cry "I'M BROKE" pity me!!
I guess money makes these people feel secure but I'd rather have a simple life with good friends than all the money in the world and the trouble it brings !!!!!!!!!!!!

1440 days ago
27.

joe    

Toni who?

1440 days ago
28.

Steve    

How on Earth does a single individual get 50 million in debt? Good Heavens. I owe about a thousand right now and I'm late on paying it ...so I cant really throw stones ..but geez 50 million?

1440 days ago
29.

Jerry    

Just like all others in Hollywood -- make a few dollars and spend like you've got billions then cry "I'M BROKE" pity me!!
I guess money makes these people feel secure but I'd rather have a simple life with good friends than all the money in the world and the trouble it brings !!!!!!!!!!!!

1440 days ago
30.

Dale Mills    

I don't care what anyone says about Toni Braxton, she has the best singing voice that I have ever heard. Her song ' Unbreak My Heart' was terrific, she has a very unique voice. So sorry for all her problems, the lesson is.......when you make it big.........live small.

1440 days ago
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