Words: By Digital Spy:
Toni Braxton has filed for bankruptcy after admitting that she cannot pay up to $50m (£31m) in debts.
According to TMZ, the ‘Un-Break My Heart’ singer has claimed that she cannot cover her bills because she is only worth between $1m (£627,549) and $10m (£6.2m).
Among the establishments that Braxton has said that she owes money to include the Four Seasons Hotels, Tiffany & Co and the US Internal Revenue Service.
The star has also acknowledged that she may not have not paid bills incurred by the City of LA and both the California and Nevada divisions of the Department of Motor Vehicles.
Braxton previously filed for bankruptcy in 1998.
Some celebrities love to live the high life and continue to spend money like they did during their heyday, knowing too well they can’t afford it, but still try and keep up with the lifestyle. That’s why things like this happen. Regardless of the reasoning, it’s still a saddening subject, but Toni’s a strong girl and has picked her self up from this situation before, so I’m sure she’ll be fine…