Singer Toni Braxton bankrupt, again Last bankruptcy filing was in 1998 Grammy-winning singer Toni Braxton is filing for bankruptcy yet again.
The R&B singer’s lawyer, Debra Grassgreen, revealed Braxton is millions of dollars in debt.
“After months of trying to work out an acceptable arrangement with her principal creditors, she determined that the only way to assure that she could meet her tax obligations and provide for her two small children was to commence these bankruptcy cases,” said Grassgreen in a statement Thursday.
Grassgreen says the 43-year-old singer was forced to cancel a series of Las Vegas shows in 2008 because of a heart condition. Doctors told her she was suffering from a type of angina.
The performer turned around and sued Lloyd’s of London, which had insured her for the Las Vegas performances in case of cancellation. The insurer denied her claim, stating she had a pre-existing condition. The case was dismissed on Sept. 20.
Braxton will be selling some of her assets to pay off creditors and tax debts. Court documents show she owes somewhere between $10 million US and $50 million US.
The singer, who had big hits with Un-break My Heart, You’re Makin’ Me High and Breathe Again, previously filed for bankruptcy in 1998.
In 2008, she performed on Dancing With the Stars and missed the finale while recovering from surgery to remove a benign breast tumour.