Belfast Telegraph

Thursday 5 March 2015

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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Your Horoscopes by Russell Grant

Pisces:

A luxury purchase will be cause for buyer's remorse. Keep your money safe in the bank. You'll be able to get a much better deal on this item if you wait for a sale. By then, you might not feel compelled to possess it. Turn your attention to an intimate relationship. You can work with your amour to realise a cherished dream. Are you single? You will meet someone special at a fancy party. Be sure to wear something special, as you'll want to command attention.More