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Thursday, October 7, 2010

Toni Braxton Broke Again ....Files Chapter 7 Bankruptcy



"Another sad Love song"...Toni 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



Braxton also claims she may owe money to the City of L.A. Parking Violations Bureau -- and the DMV in both California and Nevada.



 Toni 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. Not to mention going through a public divorce. Braxton camp has released any offical statement, but why would they when the papers speak for themselves.

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