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Source: Glenn Parson / Glenn Parson

I wouldn’t recommend getting financial advice from r&b diva Toni Braxton, owed Atlantic Records $16 million, but her former recorded label won’t be getting a cent out of her due to her second bankruptcy case. In 2010, Toni claimed she owed money in the $10-$50 million range, but only has assets in the $1- $10 million range. According to sources, she said she had to cancel a series of show in Las Vegas because of health problems, which cause her to rack a lot of debt.


Click for more: Toni Braxton’s Bankruptcy Causes Record Label to Lose $16 Million | Black America Web