Olivia Wilde & Jason Sudeikis Welcome First Child, Son Otis Alexander

Toni Braxton Resolves Bankruptcy Problems

July 7th, 2013 7:52am EDT | By: Dave Simpson favorite Add to My News

Toni Braxton

Singer Toni Braxton can finally put her bankruptcy troubles behind her after reportedly paying off $150,000 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 and $50 million.

According to TMZ.com, Braxton has bought back some of her personal property by paying monthly $5,000 installments for 15 months, and has also handed over $100,000 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 when they go under the hammer at an auction on July15.

This news article provided by World Entertainment News Network
Photo Credits: Winston Burris / PR Photos


Reactions:

Love It Hate It LOL WTF Cute Barf! More!


The 10 Fittest Male Celebrities In Hollywood Olivia Wilde & Jason Sudeikis Welcome First Child, Son Otis Alexander