According to TMZ, the Grammy-winning songstress has declared Chapter 7 bankruptcy in
Among the creditors she owes money to are AT&T, Four Seasons Hotels and Resorts, Cedars-Sinai Medical Center, DirecTV, Neiman Marcus, William Morris Agency, Tiffany & Co., Orkin Pest Control, Internal Revenue Service, and BMW Financial Services.
Braxton also reportedly owes money to the City of L.A. Parking Violations Bureau and the DMV in California and Nevada, where she headlined a Las Vegas show for nearly two years.
This is not the mother of two’s first time filing for bankruptcy. Her financial problems were aired out in 1998, and earlier this year, the IRS filed a lien against her for $396,000.
Braxton pulled out of her Vegas show in April 2008 due to heart problems and later appeared on “Dancing with the
2 comments:
I'm not sure how I feel about this. She'll be able to file for bankruptcy and still live like a queen. Why in the world did companies give her so much credit? I read that she may owe BMW, Tiffany and Co. and many other luxory companies. This is ridiculous and I say this as a Toni Braxton fan!
Eh, Poor Toni.. I guess she didn't take Oprah's advice the first time around. I don't think she ever really bounced back from the first bankruptcy..the only thing that was probably bouncing were her checks..(lol)... But seriously, she is such a great talent. I do hope she bounces back. :-)
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