Showing posts with label toni braxton bankruptcy. Show all posts
Showing posts with label toni braxton bankruptcy. Show all posts
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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