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Thread started 10/07/10 7:07am

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Toni Braxton Files For Bankruptcy Again

October 7, 2010

R&B star Toni Braxton has filed for bankruptcy again.

The singer has filed papers in California, claiming she owes between $10 million and $50 million in unpaid debts.

Braxton alleges she's unable to cover the costs because she is only worth between $1 million and $10 million.

In the filing, the star lists a number of her creditors, including the City of Los Angeles Parking Violations Bureau and the Department of Motor Vehicles in California and Nevada.

Braxton previously filed for bankruptcy in 1998 and she was hit with a $400,000 federal tax lien in March.

http://www.kget.com/enter...MZ_dA.cspx

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Reply #1 posted 10/07/10 7:14am

Harlepolis

I wanna say I feel sorry for Miss Braxton but I sure as stony hell am NOT......

You'd think the woman learned her lesson by now(esp considering that she's a parent this time around) but noooooooooo, lil' miss Zsa Zsa Gabor wouldn't think of it. Dumb ass.

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Reply #2 posted 10/07/10 7:34am

uPtoWnNY

Y'all have to be kidding me with this shit. Parking Violations Bureau??? Dept. of Motor Vehicles???? What the fuck is that pea-brain doing?

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Reply #3 posted 10/07/10 7:34am

laurarichardso
n

Harlepolis said:

I wanna say I feel sorry for Miss Braxton but I sure as stony hell am NOT......

You'd think the woman learned her lesson by now(esp considering that she's a parent this time around) but noooooooooo, lil' miss Zsa Zsa Gabor wouldn't think of it. Dumb ass.

She has a lot of medical problems and she had to give up her gig in Vegas because of her health issues. So cut her a little slack.

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Reply #4 posted 10/07/10 7:44am

shorttrini

avatar

laurarichardson said:

Harlepolis said:

I wanna say I feel sorry for Miss Braxton but I sure as stony hell am NOT......

You'd think the woman learned her lesson by now(esp considering that she's a parent this time around) but noooooooooo, lil' miss Zsa Zsa Gabor wouldn't think of it. Dumb ass.

She has a lot of medical problems and she had to give up her gig in Vegas because of her health issues. So cut her a little slack.

OH HELL NO!! With a disability, I know what it is to have health issues, yet I am still able to manage my finances properly. She should know better and besides, her health has been much better compared to when they first came to light, two years ago. She needs to go back to finance 101..."How to spend and invest wisely and not beyond your means"...

"Love is like peeing in your pants, everyone sees it but only you feel its warmth"
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Reply #5 posted 10/07/10 7:48am

Empress

shorttrini said:

laurarichardson said:

She has a lot of medical problems and she had to give up her gig in Vegas because of her health issues. So cut her a little slack.

OH HELL NO!! With a disability, I know what it is to have health issues, yet I am still able to manage my finances properly. She should know better and besides, her health has been much better compared to when they first came to light, two years ago. She needs to go back to finance 101..."How to spend and invest wisely and not beyond your means"...

Right on! Why should she be living like a rich person when she's clearly not. Cut her some slack my ass. neutral

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Reply #6 posted 10/07/10 7:56am

Harlepolis

Empress said:

shorttrini said:

OH HELL NO!! With a disability, I know what it is to have health issues, yet I am still able to manage my finances properly. She should know better and besides, her health has been much better compared to when they first came to light, two years ago. She needs to go back to finance 101..."How to spend and invest wisely and not beyond your means"...

Right on! Why should she be living like a rich person when she's clearly not. Cut her some slack my ass. neutral

Ya know?

If we're gonna judge it by this logic, then 1/4 of this world's population would be bankrupt due to disability. Thats a cop out argument. She should cut her own child some slack and start investing for his/her future, how old is she anyway? 42?

Rock steady baby,,,,lets call this dumb shit exactly what it is; a reckless dumb shit.

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Reply #7 posted 10/07/10 7:57am

Rayan

avatar

was it really all due to stupid/vanity spending in her case? coz it just doesn't make any sense that you suddenly wake up and realize you're up to $50 millions in debts!

.


[Edited 10/7/10 8:01am]

"what's that book where they're all behind the wardrobe?"
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Reply #8 posted 10/07/10 8:01am

TD3

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Ms. Braxton fall into that category of people who couldn't manage a dollar let alone a million dollars.

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Reply #9 posted 10/07/10 8:09am

uPtoWnNY

Harlepolis said:lets call this dumb shit exactly what it is; a reckless dumb shit.

Straight talk.

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Reply #10 posted 10/07/10 8:17am

shorttrini

avatar

I have always said that when you give money to someone who is not used to having it, you should also supply them with an accountant and a shrink. There have been far to many people that seemed to loose their minds, when they come into money. This is why people like, Toni, Hammer, and a whole host of others have all had troubles. Nobody has taken the time to say, "Hey, you are going to take 5% and invest it in your future". When u give a person something, when they are not used to having it, strange things happen. People say, "Cut her some slack", because she was sick. Well, apparently, she was not too sick to park in the wrong spots, was she...

"Love is like peeing in your pants, everyone sees it but only you feel its warmth"
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Reply #11 posted 10/07/10 8:23am

Timmy84

disbelief sigh

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Reply #12 posted 10/07/10 8:24am

Timmy84

Harlepolis said:

Empress said:

Right on! Why should she be living like a rich person when she's clearly not. Cut her some slack my ass. neutral

Ya know?

If we're gonna judge it by this logic, then 1/4 of this world's population would be bankrupt due to disability. Thats a cop out argument. She should cut her own child some slack and start investing for his/her future, how old is she anyway? 42?

Rock steady baby,,,,lets call this dumb shit exactly what it is; a reckless dumb shit.

Yeah she turns 43 in October.

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Reply #13 posted 10/07/10 8:25am

shorttrini

avatar

Timmy84 said:

Harlepolis said:

Ya know?

If we're gonna judge it by this logic, then 1/4 of this world's population would be bankrupt due to disability. Thats a cop out argument. She should cut her own child some slack and start investing for his/her future, how old is she anyway? 42?

Rock steady baby,,,,lets call this dumb shit exactly what it is; a reckless dumb shit.

Yeah she turns 43 in October.

Today's her birthday....

"Love is like peeing in your pants, everyone sees it but only you feel its warmth"
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Reply #14 posted 10/07/10 8:27am

Timmy84

shorttrini said:

Timmy84 said:

Yeah she turns 43 in October.

Today's her birthday....

Ugh why was I acting like it was still September. doh!

It's definitely her birthday today!

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Reply #15 posted 10/07/10 9:42am

NaughtyKitty

avatar

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.

http://www.tmz.com/2010/1...lion-debt/

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Reply #16 posted 10/07/10 9:42am

SoulAlive

This is ridiculous.Is she ever gonna learn how to budget her money?? A lot of these celebs like to blame the recod companies but Toni has been through this before.By now,she should know how to handle her money.Take a money management class!
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Reply #17 posted 10/07/10 10:15am

missfee

avatar

NaughtyKitty said:

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.

http://www.tmz.com/2010/1...lion-debt/

eek

Okay so this just proves that she's been talking and texting too damn much on her cell phone bill, watching movies "on demand", buying $500 blouses, running through the jewelry store like it's a grocery store, has termites, thrown her car payment booklet in the trash, set off her security alarm accidentally all the time, refused to pay up on room service and threw her parking tickets out the window as she drove off from parking in front of a fire hydrant. disbelief She sounds like the folks who running around riding in BMW's when they can only afford to buy a Ford Focus.

[Edited 10/7/10 10:16am]

I will forever love and miss you...my sweet Prince.
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Reply #18 posted 10/07/10 10:57am

PoppyBros

avatar

NaughtyKitty said:

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.

http://www.tmz.com/2010/1...lion-debt/

DAMN!!!

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Reply #19 posted 10/07/10 11:04am

HonestMan13

avatar

Weaves & gownless evening straps are very expensive!!! lol

When eye go 2 a Prince concert or related event it's all heart up in the house but when eye log onto this site and the miasma of bitchiness is completely overwhelming!
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Reply #20 posted 10/07/10 11:19am

daPrettyman

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A lot of this sounds like she's just not paying ANYTHING! Maybe she needs to learn Oprah's first rule. SIGN YOUR OWN CHECKS! Especially if she hired people to pay the bills and they weren't getting paid.

**--••--**--••**--••--**--••**--••--**--••**--••-
U 'gon make me shake my doo loose!
http://www.twitter.com/nivlekbrad
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Reply #21 posted 10/07/10 1:07pm

kimrachell

missfee said:

NaughtyKitty said:

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.

http://www.tmz.com/2010/1...lion-debt/

eek

Okay so this just proves that she's been talking and texting too damn much on her cell phone bill, watching movies "on demand", buying $500 blouses, running through the jewelry store like it's a grocery store, has termites, thrown her car payment booklet in the trash, set off her security alarm accidentally all the time, refused to pay up on room service and threw her parking tickets out the window as she drove off from parking in front of a fire hydrant. disbelief She sounds like the folks who running around riding in BMW's when they can only afford to buy a Ford Focus.

[Edited 10/7/10 10:16am]

lol

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Reply #22 posted 10/07/10 1:22pm

Timmy84

daPrettyman said:

A lot of this sounds like she's just not paying ANYTHING! Maybe she needs to learn Oprah's first rule. SIGN YOUR OWN CHECKS! Especially if she hired people to pay the bills and they weren't getting paid.

This. yeahthat

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Reply #23 posted 10/07/10 1:48pm

SoulAlive

missfee said:

NaughtyKitty said:

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.

http://www.tmz.com/2010/1...lion-debt/

eek

Okay so this just proves that she's been talking and texting too damn much on her cell phone bill, watching movies "on demand", buying $500 blouses, running through the jewelry store like it's a grocery store, has termites, thrown her car payment booklet in the trash, set off her security alarm accidentally all the time, refused to pay up on room service and threw her parking tickets out the window as she drove off from parking in front of a fire hydrant. disbelief She sounds like the folks who running around riding in BMW's when they can only afford to buy a Ford Focus.

lol nod She's living beyond her means.Someone needs to tell her that she should scale back.I mean,come on,how many years has it been since she's had a hit record?

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Reply #24 posted 10/07/10 2:58pm

TD3

avatar

SoulAlive said:

lol nod She's living beyond her means.Someone needs to tell her that she should scale back.I mean,come on,how many years has it been since she's had a hit record?

hmmm

confuse

I'm still thinking hmmm

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Reply #25 posted 10/07/10 3:00pm

Timmy84

SoulAlive said:

missfee said:

eek

Okay so this just proves that she's been talking and texting too damn much on her cell phone bill, watching movies "on demand", buying $500 blouses, running through the jewelry store like it's a grocery store, has termites, thrown her car payment booklet in the trash, set off her security alarm accidentally all the time, refused to pay up on room service and threw her parking tickets out the window as she drove off from parking in front of a fire hydrant. disbelief She sounds like the folks who running around riding in BMW's when they can only afford to buy a Ford Focus.

lol nod She's living beyond her means.Someone needs to tell her that she should scale back.I mean,come on,how many years has it been since she's had a hit record?

"He Wasn't Man Enough" came out in 2000. Her last smash so far. lol

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Reply #26 posted 10/07/10 3:04pm

TD3

avatar

Timmy84 said:

SoulAlive said:

lol nod She's living beyond her means.Someone needs to tell her that she should scale back.I mean,come on,how many years has it been since she's had a hit record?

"He Wasn't Man Enough" came out in 2000. Her last smash so far. lol

I don't think I've ever heard that song before.

If I didn't hear it, it wasn't a hit.

i know, Trina get over yourself. lol

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Reply #27 posted 10/07/10 3:07pm

Timmy84

TD3 said:

Timmy84 said:

"He Wasn't Man Enough" came out in 2000. Her last smash so far. lol

I don't think I've ever heard that song before.

If I didn't hear it, it wasn't a hit.

i know, Trina get over yourself. lol

spit

Maybe I should just post your worst nightmare then:

lol

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Reply #28 posted 10/07/10 3:16pm

TD3

avatar

Timmy84 said:

TD3 said:

I don't think I've ever heard that song before.

If I didn't hear it, it wasn't a hit.

i know, Trina get over yourself. lol

spit

Maybe I should just post your worst nightmare then:

lol

That song is absolutely . . . horribly! lol

Why does Braxton sound a lil' like mush mouth Anita Baker?

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Reply #29 posted 10/07/10 3:18pm

Timmy84

TD3 said:

Timmy84 said:

spit

Maybe I should just post your worst nightmare then:

lol

That song is absolutely . . . horribly! lol

Why does Braxton sound a lil' like mush mouth Anita Baker?

Beats me. lol Guess she was trying hard to BE Anita Baker or Phyllis Hyman. I see traces of both in her vocal style. She doesn't do a good imitation of either lol

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