Belfast Telegraph

Friday 26 December 2014

Toni Braxton files for bankruptcy

US singer Toni Braxton has filed for bankruptcy for the second time. (AP)
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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It feels like friends are few and far between. If you're not getting the help you need, ask why. It may be because you have been so preoccupied with work. Skipping special occasions and failing to return phone calls causes resentment. You have to be more engaged to sustain loving bonds. Call someone you've missed. It may take a few tries, but it's worth the effort. Be forthright about why you have been out of touch. Communication is the cornerstone of every healthy relationship.More