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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
61.

ettucat    

Sounds like Toni is one of those people accustomed to having others pay her bills, like the American taxpayer. When you file bankruptcy, the people who lose are taxpayers. Someone has to make up for that failure, and the prices we pay for goods and services include markups for those who do not pay their own way. People apparently do not understand this, because too many of them say RAH RAH TONI, you gamed the system. Shame on her, shame on all the takers in society.

1455 days ago
62.

joe harris    

wow! another richie rich bites the dust and at the taxpayers expense! all i can say is karma, if she finagles her way outta it by hook or crook, karma will set the record straight!

1455 days ago
63.

VimalaNowlis    

Bankruptcy should be ILLEGAL for someone like her who wears $800 shoes. FOR SHAME! There should be a fire sale of everything she owns and she should be made HOMELESS for being such an IRRESPONSIBLE JERK!

1455 days ago
64.

VimalaNowlis    

How IRRESPONSIBLE is she? Filing bankruptcy twice in 10 years and owing $50,000,000. How UNETHICAL is she? Who do you think will pick up the slack for the businesses she owes money to? Us honest responsible ethical decent hard-working people. FOR SHAME!She should be thrown into DEBTOR'S PRISON until she pays off her debts.

1455 days ago
65.

nonmoderator    

Sorry but.... Tony is the ultimate in "Chavs" (in the UK they are a very sad subsection of the whole of our society) take what you can and "bad luck little guys" to the rest of the world. OK she has between $1 and $10 (surely she can closer than that - if she wants) and owes (up to)$50 I'm sure she will still end up with more than most of us can aspire to in the whole of our working lifetimes - sometimes just looking good and being sexy (or just having the B******s are enough to make you a fortune (only the (sad) people that are hooked on 'reality' TV would really believe that) - good luck if you can make it work (just don't expect the rest of the world to agree with you!!!!!)

I wish I could make people lend me up to $50m - OH that's right we all do (yes you as well!!) because we have supported crap TV and accepted that nothing can be done about it.

IT CAN - learn to turn it off (or at least change channels) if you are not satisfied with what you are made to watch.
"OH KNICKERS"

I'm of to bad

1455 days ago
66.

Sunday    

You cannot expect an insurance company to pay out hundreds of thousands of dollars for an illness AFTER you have been diagnosed with it. Toni had to have known this because she knowingly did not disclose that on her application. She withheld that information! There is usually a waiting period or contingency for those who disclose illnesses that states that that perticular illness will not be covered in the first 2-5 yrs. Depends on the policy. She hid that info and then tried to get away with making a claim. Shame on her.

1455 days ago
67.

Sunday    

"Mike" on page 1 comment #6 said that it's not Toni's fault that the insurance company wouldn't pay her claim - YES it was Toni's fault. Toni knowingly took out a policy and answered health questions and never revealed her prior illness to them. That is considered fraud for hiding pertinent information. The Ins. Co. had every right to deny the claim.

1455 days ago
68.

mrchsmaniac    

It's all the white man's fault oppressin' the sister. and the debtmongering hebrews. We all know its a conspiracy to keep the black man down.

1455 days ago
69.

Terry    

Here's another one living beyond her means. Don't feel sorry for her. Why on earth didn't she ever invest her money in a good financial advisor? Duh

1455 days ago
70.

Janet    

She probably got to greedy when she started making money and didn't think about tomorrow.

1455 days ago
71.

keith isakson    

Who the F*** does she think she is to spend that kind of cash and just expect to not have to pay it back ? Diva my ass ....just another piece of crap CRIMINAL with a ****ty work ethic!! lock 'er up!

1455 days ago
72.

lisa    

Just another typical American living beyond their means. Oh, and Tom Cruise you are a DORK!

1455 days ago
73.

STL59    

Hard to do much crying over someone who wears $800.00 heeIs and shops at Tiffany's and Nieman Marcus.
HoId one big yard saIe, Toni, then cut up the cards, diaI it back untiI you are out of debt.
My famiIy has one car, NO credit cards, we eat out one night a week, cIip coupons, shop consignment or saIes, and we are debt free. We took two one-week Iong vacations this year, without charging a penny of it, we put two kids through coIIege, and have two more stiII in, and we pay for every bit of it. It's hard at times, you have to say "no" sometimes, but not aIways, and we have money in savings too. It's caIIed Iiving within your means!

1455 days ago
74.

BIG PHIL    

I LOVE HER. GOD BLESS HER,I HOPE THINGS GET BETTER FOR HER

1455 days ago
75.

Katherine    

Under Bankruptcy law, she will not be able to file a Chapter 7 and discharge all of her debts. She will have her Chapter 7 converted and shw will pay her debts under a plan that lasts for 3-6 years. However, if she cannot pay the debts under a Chapter 13 plan due to lack of money, she can haver her Chapter 13 converted into a Chapter 7. ( That is called a Chapter 20 bankruptcy).

1455 days ago
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