Belfast Telegraph

Thursday 2 October 2014

Toni Braxton files for bankruptcy

US singer Toni Braxton has filed for bankruptcy for the second time. (AP)

Toni Braxton has filed for bankruptcy for the second time, citing her heart condition as a major factor in her money woes.

Her lawyer, Debra Grassgreen, said in a statement that the decision came after months of trying to work out deals with creditors.

Court records show that Braxton filed for bankruptcy in Los Angeles on September 30.

The type of bankruptcy she filed could result in the sale of some of her assets to pay off debts listed in court records as ranging between 10 million dollars (£6.3 million) and 50 million dollars (£31.5 million)

Braxton's filing estimates her assets are worth up to 10 million (£6.3 million).

The six-time Grammy winner was forced to cancel a series of shows in Las Vegas in 2008 after being diagnosed with microvascular angina, a heart condition.

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Your Horoscopes by Russell Grant

Libra:

Powerful emotions are causing you to call some friendships into question. You're tired of being treated like a second class citizen. Someone who constantly cancels plans at the last minute does not value your time. It may be time to part ways. Don't worry about being alienated. A social butterfly like you will never be lonely. The important thing is to be discerning about the company you keep. Surround yourself with caring, attentive people who support you in good times and bad.More