Toni Braxton files for Chapter 7 for second time

by DeLadurantey Law Office, LLC on October 11, 2010

Six-time Grammy award winning singer Toni Braxton, 43, filed for Chapter 7 bankruptcy last week for the second time.  Braxton first filed for bankruptcy in 1998.  The singer also had a nearly $400,000 tax lien filed against her by the IRS for not paying debts in 2007 and 2008.

The filing listed total liabilities between $10 and $50 million and assets of only $1 to $10 million.  Some of Braxton’s creditors include Tiffany’s Co., Neiman Marcus, AT&T, American Express and several hotels/resorts and entertainment companies.

Braxton said her financial problems were escalated in 2008 when she had to cancel a series of shows due to the diagnosis of a form of angina.  In addition, her stint on “Dancing with the Stars” that same year was cut short for surgery to remove a breast tumor.

If you or someone you know is considering filing for Chapter 7 bankruptcy, contact the Milwaukee Chapter 7 bankruptcy lawyers of DeLadurantey Law Office, LLC at 414-377-0518 to learn more about your rights.

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