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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
31.

Pablo    

Unbelievable, Wearing $800.00 shoes she tells people she can't pay for all the things she has bought. She's just like the welfare trash living in the projects, and having more babies that the taxpayers have to support. No idea of what it means to work or have to decide, do I buy the new $19.99 shoes or pay the water bill this month. Forget about designer handbags,and staying in five star hotels. Think about the working people she will screw if she's allowed to file again. Let her sleep in a shelter for a few nights.

1421 days ago
32.

Insight    

Hmmm! DeClutter Fast - Get Your Home In Order, Women!
http://budurl.com/c2aq

1421 days ago
33.

Cat    

I like how the writer ended the article nice touch. It's interesting how the hotel is basically penalizing Braxton for having a heart condition was added as almost an aside in the article. I guess the real important information is what shoes and handbag she wore to court now that's the real meat and potatoes of a bankruptcy story. I am sure no one suffered more than Braxton because of her health issues. Nice going Lloyds. I would really love to know why she would conceal a heart condition. It seems a lot more likely she didn't realize how seriously ill she was until it was too late.

1421 days ago
34.

cal    

1. in my opinion Toni braxton is a freeloader. doesn't want to pay for anything

2. the 3 differences in the pic are, her bag strap has an emeleshment taken from her boots, the guy in blue at the top has been repeated and her skirt has another layer of material

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

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

I really don't undertsand why this was written. how does he look skinny in these pics? shoddy journalism really does offend me and a lot of other people.

1421 days ago
35.

Isacck    

Let's get back to the basics. Simplicity is the key to financial stability and freedom: buy only what's necessary and essential, buy only what you can afford, save the rest.
Stay away from credit cars, cable bills, cellphone contrats, Huge student loans, new car payments and extravagant desires.

1421 days ago
36.

KILLER    

SHE DESERVES TO GO TO JAIL. SHE GOT A BREAK AND SHE ABUSED IT.SHE`S A ANOTHER BERNIE MADOX.HEY HE NEEDS A ROOMATE.

1421 days ago
37.

montana    

Maybe she can go work in Teresa Giudice Pizza place, they can flip pizzas and tables at the same time

1421 days ago
38.

david    

why are people stupid enough to give her credit? if they take what she has and then sell it to pay the debts she wont do it again

1421 days ago
39.

william rauh    

Well....apparently she did not learn her lesson the first time...and in a big way if she is that much in debt. If the 'normal' people declare....they usually stop spending....not going out and charging up another 50million. Is this girl retarded or just plain STUPID.

1421 days ago
40.

Sheryl    

What does the insurance company have to do with her not paying her bills? Where is the money from the sale of her 40 million albums? These celebrities think that they are "privileged" and "untouchable." Shame on America for letting them get away with that. She should be made to pay back every penny.
And yes God is merciful, but God is not on board with crookedness. Toni Braxton a crook. Robbing from the poor to give to herself.

1420 days ago
41.

joan    

Maybe, Braxton needs to stop living off the hog, in her designer shoes, clothes, etc.. In other words, come down to our level--heaven forbid, huh?! Has been in debt. Go away!

1420 days ago
42.

MAGOOS    

It seems OK today for people to just walk away from their debts, (responsibilities). This woman is a shining example of one who lives extravagantly and fails to keep an eye on her finances. Her list of creditors is large indeed so she now heads for bankruptcy again, walking away from debt. People who do pay debts will indirectly be charged to cover hers. Her integrity obviously vanished a long time ago; shame on Braxton.

1420 days ago
43.

homer    

she must have learned how to keep her money from some of the NBA players, look how many file within 5 years of their career ending

1420 days ago
44.

janna    

She owes "DMVs in two different states"? What exactly is a DMV -- I thought it was the Department of Motor Vehicles.

1420 days ago
45.

Benwa    

I might be wrong, but I doubt that unpaid medical bills (reserving judgment for the legal system) added up to such a substantial debt. Let's see, maybe it'a "I'm Toni Braxton {to which I would say, "Who?"} and me and my lawyers will sue you for discrimnation if you don't give me more money." Instead of, how are you making a living now?

1420 days ago
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