Filed under: Celeb Gossip & News, Patrick
Author: Patrick
Date: Oct 7, 2010
43 Year old, Toni Braxton has her “Hands Tied” and has just filed for Chapter 7 Bankruptcy. She has sold more than 40 million albums in her career, but in the documents filed, it shows she’s only worth between $1 million and and $10 million, against a whopping up to $50 million in debt.
Interestingly enough, this is the second time she’s filed for bankruptcy. She filed for bankruptcy back in 1998 as well. Earlier this year, the IRS filed a lien against her for $396,000.
According to TMZ, in addition to money owed to DMVs in TWO different states, here are some of the creditors she thinks she owes money too…
Mage
October 8th, 2010 at 2:05 am
Depressing. I hope she gets serious managing her accounts now after filing another bankruptcy. Luxurious lifestyle isn’t an option either for she needs to strive hard for her two kids. Pray for her to never lose hope.
Cran Desky
February 8th, 2011 at 11:20 am
Boy, TMZ sure isn’t about privacy. WHO CARES??????? It’s Miss Thing’s problem and I hope she gets herself out of it. I know her health issues have kept her from major work. I guess they forgot to mention her serious health issues. Select memory.