Toni Braxton: Headed Again For Bankruptcy!

The woman really needs to breath again.

But not with the recurring financial migraines surrounding R&B sensation Toni Braxton, who is quickly sinking deeper into the pits of bankruptcy.


According to TMZ, Braxton has recently filed for Chapter 7 bankruptcy in California, wherein the singer further discloses that she is plagued with approximately $50 million in debt. You've got a bad case of insomnia, sweetie.

Credit sharks reportedly breathing down Braxton's neck include DirectTV, American Express, AT&T, the Four Seasons Hotel, Westin and Neiman Marcus. Reveals the musician, her dollar value is allegedly between $1 million and $10 million.

This certainly isn't the first time Braxton has had bouts with money issues. Back in 1998, the singer rattled headlines when she filed for bankruptcy protection following a lawsuit slapped against LaFace Records, her former label, with such claims that she was too under-compensated as compared to other recording deals of top-selling artists.

Braxton is globally renown for such hits like Un-break My Heart, He Wasn't Man Enough and How Could An Angel Break My Heart. She has sold millions of albums in the span of her illustrious career.

Be sure to take care of the spark before it becomes a full blown inferno. Been there, done that!