For the second time in her 18 year career, the “Unbreak My Heart” hitmaker is staring down the barrell of financial ruin after filing for Chapter 7 bankruptcy protection in California this month.
Toni, 43, went bankrupt in 1998, but managed to regroup her finances after the success of her 2000 album The Heat. However, a life-threatening heart condition that brought her popular show on the Las Vegas strip to an abrupt end has also depleted the singer’s finances — with some insiders suggesting that Braxton may owe approximately $50 million in debt. Braxton alleges that she’s unable to cover the costs because she’s only worth between $1 million and $10 million.
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