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Jul 14, 2021 · Despite her success in selling 15 million copies of her second album, Secrets, Toni shocked fans when she filed a Chapter 7 bankruptcy in 1998! While one bankruptcy is difficult enough, Toni Braxton went bankrupt not once, but twice.
- Michael Ibrahim
Feb 2, 2023 · She revealed that she declared bankruptcy due to recording contract issues that amounted to her receiving less than $2,000 in royalties and, as a result, having to reimburse her record label for...
Nov 29, 2012 · Toni Braxton, the R&B star who topped the charts with iconic hits like "Un-Break My Heart," opens up to ABC News' "20/20" on what drove her into bankruptcy, twice, and how she's determined to make ...
- 54 sec
- ABC News
Oct 4, 2022 · According to the BBC, she was forced to file for Chapter 7 bankruptcy in January 1998, despite selling out world tours and moving so many records. The LA Times reports while LaFace and Arista Records were making between $170 million and $188 million in sales, the deal she signed afforded her only 33 cents per album.
Oct 4, 2019 · After weeks of failed negotiations, Toni filed for bankruptcy. Toni Braxton receives a settlement from record company after filing bankruptcy. With the exception of an interview Toni did on...
- Staff Writer-TV
Oct 7, 2010 · Oct. 7, 2010, 8:18 AM PDT / Source: The Associated Press. Toni Braxton has filed for bankruptcy a second time, citing millions of dollars in debt and financial problems exacerbated by a...
Sep 30, 2021 · Braxton sued in 1997 to get out of what she thought was an unfair deal with LaFace Records, and the label countersued her. She filed her first bankruptcy claim the following year. As AllMusic pointed out, being in bankruptcy offered Braxton some legal protection during her battle with LaFace.
