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The 50 Worst R&B Fails

#28. Toni Braxton Goes Bankrupt...Twice

Time Stamp: 10/7/2010
BAD BUSINESS

How does a singer who has sold around 40 million albums go bankrupt? Having a shitty record contract explains the first time in 1998. The second time in 2010 when she was facing between $10-50 million in debt, she said it was due to her discoid lupus and microvascular angina causing her to have to cancel a string of show dates in Las Vegas. Although we're sympathetic for sure, when the creditors you listed while filing for bankruptcy include American Express, Tiffany's, BMW, and The Four Seasons, can't some of your financial troubles be attributed to your lack of money management skills?

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