General News

Toni Braxton resolves bankruptcy problems

By:
Jul 06, 2013 | 8:40am EDT

Singer Toni Braxton can finally put her bankruptcy troubles behind her after reportedly paying off $150,000 (£97,000) to settle her case. The Unbreak My Heart hitmaker filed for bankruptcy for a second time in 2010 amid allegations her debts had spiralled to between $10 million (£6.5 million) and $50 million (£32 million). According to TMZ.com, Braxton has bought back some of her personal property by paying monthly $5,000 (£3,200) installments for 15 months, and has also handed over $100,000 (£65,000) using earnings from gigs she performed overseas. The R&B star is now expected to buy back the copyright on a collection of her songs for $20,000 (£12,900) when they go under the hammer at an auction on 15 July (13).

More General News
 
comments powered by Disqus