The beautiful and fabulous Toni Braxton is now bankrupt for the second time, possibly owing up to $50 Million to many companies around the country. She has many unpaid debts and obviously her money management team wasn't handling her money right.
Toni has filed for Chapter 7 bankruptcy in California and states that she is worth between $1 million and $10 million but could have debts up to $50 million. Her last bankruptcy filing was back in 1998 and earlier this year the IRS filed a lien against her for $396,000.
Yes, and we thought only the poor had financial problems. I really hope everything works out for Toni and she comes back more fabulous then ever. In the mean time, get a new money management team Toni.
Stay Fab!
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