Wednesday, November 3, 2010

Toni Braxton -- Bankrupt Again, May Owe $50 Mil

By, TMZ.com

Toni Braxton has filed for bankruptcy again -- claiming she owes somewhere between $10 million and $50 million in unpaid debts all over the country ... including DMVs in TWO different states.

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 and 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. 

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