Toni Braxton in Bankruptcy Proceedings, Yet Again







9 October 2010 | posted by: Grace Taylor | No Comment

Toni Braxton, the lady who once had everyone singing’ ‘Unbreak My heart’ is now finding it quite difficult to ‘un-break’ her financial history.

Toni Braxton Bankrupt Yet Again

Braxton, who had previously filed for bankruptcy as far back as 1998, is putting her name in the Chapter 7 file once again. The singer has admitted that all her debts range from $10 million to $50 million, and she has no idea how she should start repaying them and when she will be through with this task if she were to start repaying today.

The 43-year-old singer is reportedly not just in debt with the IRS and Wells Fargo Bank; she also has loads of medical bills that date back to two years ago, a time when she was hospitalized for a condition that was never disclosed to the media.

As if that is not enough, the singer also owes Neiman Marcus, Tiffany & Co, William Morris Agency, Screen Actors Guild, American Express, DirecTV, ADT Security, Nevada Power Company, Atlantic Records, Airport Concierge Services, The Four Seasons Hotels, The Westin and the Flamingo Las Vegas.

The bankruptcy trouble that left her in this financial quagmire did not start when she was hospitalized for the undisclosed condition; it started earlier this year. At that time, the IRS placed a lien of $396,000 against her.

Braxton is wished all the best. Although she is extremely broke and in the bankruptcy league, fans all over the place still adore the lady who at one time helped in the task of healing millions of broken hearts merely by carefully, powerfully worded lines.

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