Via BBC News

Grammy-award-winning singer Toni Braxton has filed for bankruptcy for the second time, her lawyer has said.

The 43-year-old has revealed she is in millions of dollars worth of debt after a heart condition forced her to cancel a series of shows in Las Vegas.

Debra Grassgreen said it had been a “very difficult decision” for Braxton to make, who previously filed for bankruptcy in 1998.

The star is hoping sell some of her assets to pay for off her tax debts.

Court documents state she owes between $10 million (£6.3 million) and $50 million (£31.5 million). Continue Reading…

Also see below the list of creditors that Toni owes.

— 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

Very sad, but this is what happens when you lack money management skills, live above your means and harbour that live for today, not think about tomorrow mentality.

4 replies »

  1. Hmmmm, maybe she should have spent some of that Neiman Marcus, Four Seasons and Tiffany money on medical insurance… Just Sayin!

  2. sad this is her second time…. what’s up! I use to really like Toni Braxton…until i saw her show in Las Vegas 2 years ago….all i can say is….it was a big mess… She spent too much time trying to act pretty…that she sounded….aweful!!!!! But i do wish he luck with all of this

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