Belfast Telegraph

Saturday 30 August 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

Virgo:

Coming to a loved one's rescue fills you with pride. You have good instincts about how to help people. Although a partner's ways can be irritating, it does give you pleasure to make order from their chaotic life. Are you single? You could meet someone special through a mutual friend. It's not easy for you to let down your defences with casual acquaintances. A compassionate person will make you feel less self conscious. You may find yourselves chatting as if you've known each other for years.More