Toni Braxton facing financial troubles and bankruptcy again

By Kristen Porricelli,

Toni Braxton is facing severe financial troubles and filed for bankruptcy again last month.

Braxton, who previously filed for bankruptcy in 1998, filed for Chapter 7 in October but the singer doesn't even know how much money she owes. She said her debts are somewhere between $10 million and $50 million, reports E! News.

The list of creditors she owes money to seems almost endless. That list includes Wells Fargo Bank and the IRS, who placed a lien against her for $396,000 earlier in the year. Braxton also has medicals bills to pay due to suffering from pericarditis as well as being hospitalized for an undisclosed condition two years ago.

There are plenty of other companies Braxton needs to make payments to. The rest of the long list includes Tiffany & Co., Neiman Marcus, Screen Actors Guild, William Morris Agency, DirecTV, American Express, Nevada Power Company, ADT Security, Airport Concierge Servives, Atlantic Records, BMW Financial Services, The Westin, The Four Seasons Hotels and the Flamingo Las Vegas.

Aside from all of this, Braxton has lost her Duluth, GA mansion to foreclosure, according to TMZ.

She tried to save it by taking out a $1.5 million loan but the bank said she did not make at least 10 monthly payments between 2004 and 2010. The home, which was featured on Braxton's reality show, Braxton Family Values, is 11,400 square feet and has six bedrooms, six baths, an acre of land, a jacuzzi tub, a gourmet kitchen and a library. This is the second home she has lost to foreclosure.

Braxton's mansion is now on the market for $1.1 million.



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