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Toni Braxton:

My Vegas Show Broke Me

10/7/2010 2:00 PM PDT BY TMZ STAFF

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

Toni Braxton broke.
The relative tells us Toni took out "show insurance" through Lloyd's of London for her act at the Flamingo Las Vegas Hotel & Casino back in 2006. 

And when Toni's heart condition started to act up  -- 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 Lloyd's to cover the loss but Lloyd's didn't, arguing Toni had an 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.

Still, it doesn't explain the bill for the Four Seasons and Tiffany & Co., for starters ...


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69 COMMENTS

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1.

jus-sayin    

LOOSER! Cant even pay your bills after making all that money...

1394 days ago
2.

Duh    

What? An insurance company is trying to avoid paying a claim? Well I never...

1394 days ago
3.

Gogo    

No pity for high maintenance whores.

1394 days ago
4.

HumanNature    

LOOSER! Cant even pay your bills after making all that money...

Posted at 10:05 AM on Oct 7, 2010 by jus-sayin

IF YOU BECOME SICK AND HAVE HEALTH PROBLEMS, LET ME SEE IF YOU CAN PAY YOUR BILLS!!!!

GET OFF THAT SANCTIMONIOUS BS HIGH HORSES!!!!

1394 days ago
5.

Chuck    

Even if the Vegas show was the "straw that broke the camel's back" it still doesn't change the fact that she was irresponsible with her money.

1394 days ago
6.

HumanNature    

No pity for high maintenance whores.

Posted at 10:11 AM on Oct 7, 2010 by Gogo

NOW, SHE'S AN WHORE!!!!

THIS IS A MARRIED WOMAN!!!!

I BELIEVE THAT YOU THINK THAT YOUR MOTHER IS A WHORE TOO!!!!

1394 days ago
7.

Roger    

Pay up Bitch!!!!!!!!!

1394 days ago
8.

Bill F. Murray    

"Pre-existing condition" clause is a bitch, huh?

1394 days ago
9.

Sincerity    

I'm sorry to hear that Ms. Braxton is having financial troubles, again. Perhaps, she can sit down with her creditors and work something out. She still has an awesome voice and where there's a will, there's a way. Life's so unpredictable and we all have "to roll with the punches".

1394 days ago
10.

Donna    

Toni...where is your(ex)husband at in all of this? Or is this the reason why he left? If so, what a way to leave your wife!

1394 days ago
11.

big al    

it also doesn't explain why she just flat out didn't pay her taxes. that should automatically come off the top before anything is spent. i thought the purpose of accountants were to prevent this from happening. for a second time. & a heart condition didn't stop her from going to all those stores & buying all that crap. she needs to put out a bunch of good music, do some touring & repair the situation. she has a god given gift that will allow it. not many people do. what a nightmare!

1394 days ago
12.

dd    

WHAT A HUGE LIE. She has been known for not paying her bills for years, and yes you must disclose any pre existing conditions everyone knows that, and she wasn't paying the people that designed her wardrobe for the show and got sued for that also.

1394 days ago
13.

Nancy "O"    

Isn't that pre-existing condition called CRACK!

1394 days ago
14.

dd    

@15 No she really does have a heart condition, Human Nature she and her husband are no longer together.

1394 days ago
15.

moe l.    

Kinda like our president's 'best laid plans'. Wait till our country has to repay all the debts he's racking up....

1394 days ago
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