Thursday, October 7, 2010

Toni Braxton's Financial Woes Still Plague Her!


I have a lot of empathy for Toni Braxton.She is a divorced,single mother who has a child with autism.Ms. Braxton is dealing with enough issues already.Unfortunately,she has financial woes as well.

It's hard to keep the celebrity lifestyle going.In other words,cultivating & maintaining an image can be an expensive endeavor along.Those weaves,personal trainers,etc... can put a person into debt.

When you add in all of the other expenses such as family & bills,the price tag can drag you down into a financial pit.And that's exactly what Toni Braxton has found herself in,even though she is a millionaire.In order to get herself out of that money pit,she has filed for bankruptcy again.

Here's more on that from TMZ:

"Braxton -- who sold more than 40 million albums in her career -- just filed for Chapter 7 bankruptcy in California ... and in the docs, the singer claims she's only worth somewhere between $1 mil and $10 mil ... but she could have up to $50 mil in debts.

In the docs, 43-year-old Braxton lists a ton of creditors to whom she thinks she may owe money... including:

-- 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


Braxton also claims she may owe money to the City of L.A. Parking Violations Bureau -- and the DMV in both California and Nevada.

Braxton has a storied history of financial problems -- she filed for bankruptcy back in 1998 ... and earlier this year, the IRS filed a lien against her for $396k."(END OF EXCERPT)Read the entire post here.

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