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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
46.

John Lambert    

A sad situation for a talented singer. But then maybe some of the "Given" feel that the rules we pions exist under only apply to us. Seems that's what our current administrations view is.

1289 days ago
47.

Paris    

Little Miss Irresponsibility. Let her creditors take everything they can get their hands on. THEY didn't twist her arm to spend spend spend.

1289 days ago
48.

Laura    

Yep, she pretty much did not disclose her preexisting medical condition that is why the Insurance rendered VOID. When you seek these type of Insurances- you MUST DISCLOSE ANY PREEXISTING CONDITIONS! Yep, I do NOT feel any sympathy for her at all- like all Hollywood stars, they too, must take responsibility for their own bank accounts and spending habits JUST LIKE THE REST OF US WORKING CLASS.

1289 days ago
49.

fred hawes    

paid top dollar for one of toni's shows on the saturday before easter in las vegas.....she was so high she could neither sing or hardly stand up......sorry no refunds from the druggie/drunk

1289 days ago
50.

xtent    

She sold 40 million albums? She must have bought them herself since nobody could possibly wish to sit through such drivel....

1289 days ago
51.

solomeeo    

That's what happens when you have no talent. Let this be a lesson Taylor Swift, your time is coming!

1289 days ago
52.

eugene    

Toni, God gave you a gift, a voice that can transcend baritone, tenor and some soprano. His gift got you what you needed, lust got what you wanted and worse! Keep singing, and stay withn your means, Stop worrying, Have faith in God, yourself, your voice, get back with with BabyFace, Stevie Wonder, Jimmy Jam and Terry Lewis and pay off those bills, and pray earnestly go back to what your gradnma taught you! You will be alright! You are alive and have come back from worse.

1289 days ago
53.

levan    

leave toni alone all those stores that she owes they need your ass kicked she already had file BR already that means that she has no regards on paying her bills, Isn't that what they do to poor people if you file BR one time it is hard to get credit again, Oh I FORGET it is different when your'e rich.

1289 days ago
54.

Allan    

Guess who pays the tab in the long run? You guessed it, You and Me! What a sorry thieving dirtbag piece of trash!

1289 days ago
55.

Cat    

I hate to engage in this sort of thing especially off a TMZ article but people wake up! Seriously. 1st it has been well do***ented that Braxton received pennies I believe it was 7 cents for each of those albums sold, not a lot when you have to pay for all the travel of tour dates, and all the videos to promote said albums. Is she poverty stricken no but millions of albums were sold and the person whose voice sold those albums received the least for them. She agreed to do shows and she fell ill which is unfortunate but isn't that what insurance is for? And I am still unclear of how having a heart condition gave the insurance company an out not to pay. I am sure she paid a pretty penny in premiums for the insurance that said nope not paying the claim talk about shirking responsibilities in America. Wake up folks you can lose everything including your home for being unfortunate enough to fall ill with or without insurance and that's with or without $800 shoes.

1289 days ago
56.

carl    

hey mike...did you see toni's list she owes money to? tiffany and company? jewelry. neiman marcus? stuff. american express? more stuff.......sorry, toni...........you live beyond your means.....

1289 days ago
57.

alan    

These bitches get away with murder Throw her in jail with the rest of them Make her work it off

1289 days ago
58.

ralph    

Geuss what.... you are paying for her bankruptcy. I wonder how many small companies and families she hurt. It really sucks for hard working taxpayers.

1289 days ago
59.

Tom    

It seems many people don't understand what bankruptcy means. This has nothing to do with the government - and the real fools are Tiffany's and all of those private debt holders who extended her credit even after she proved herself financially irresponsible by going bankrupt the first time.

1289 days ago
60.

York    

Toni Braxton . . .another out of cntrol democrat looking for a bail out.

1289 days ago
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