Toni Braxton $50 Million in Debt

October 7, 2010 By:
Toni Braxton $50 Million in Debt

Toni Braxton needs to hire a financial advisor—like yesterday. According to reports, the singer is massively in debt, owing anywhere between $10 million and $50 million in unpaid debts.

TMZ was first to report that Braxton has filed for bankruptcy for the second time, listing numerous creditors to whom she owes money. Some include AT&T, The Four Seasons Hotels, Tiffany & Co., Orkin Pest Control, The Internal Revenue Service, Mesa Air Conditioning, City of L.A. Parking Violations Bureau, and the DMV in California and Nevada.

Braxton says she’s unable to make payments on these bills because she’s only worth $1 to $10 million. She previously filed for bankruptcy in 1998. Then earlier this year, she was slapped with a $400,000 federal tax lien.

Girlfriend needs to get her affairs in order! Time to make a new album Toni!