Ministry of Gossip

The gospel on celebrity and pop culture

« Previous Post | Ministry of Gossip Home | Next Post »

Toni Braxton is back to bankruptcy -- could owe $50 million

October 7, 2010 | 12:39 pm

Toni-braxton-bankrupt

Toni Braxton
wants to unbreak her bank account -- as the singer has filed yet again for Chapter 7 bankruptcy in California, a new report says.

The singer, who previously went broke in 1998, estimates she could have up to $50 million in floating debt, says TMZ. Outstanding creditors include DMVs in two states, luxury companies like the Four Seasons Hotels and Tiffany & Co., as well as utilities like the Nevada Power Co.

Papers filed suggest the hit-maker, with more than 40 million albums sold, is worth between $1 million and $10 million. Earlier in 2010, the IRS filed a $396,000 lien against her.

Drama! What do you think of Braxton's bank situation? Tell us in the comments section below.

-- Matt Donnelly
Twitter.com/MattDonnelly

Photo: Toni Braxton's last professional foray was a show residence at the Flamingo in Las Vegas. Credit: Ints Kalnins / Reuters

Get more headlines on Celeb Money Matters from the Ministry.

Comments 

Advertisement










Video