Belfast Telegraph

Thursday 17 April 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

Aries:

Responsibilities involving insurance, inheritances and taxes will command your attention. Don't put these matters off a moment longer. You may be busy with work and family, but these duties will never let up. If you continue to spend all of your energy on these things, you'll miss a golden opportunity. Ask colleagues and relatives for help with mundane errands while you focus on the long term financial future. If you don't protect your economic interests, nobody else will.More