Toni Braxton’s Having Money Troubles…AgainPublished by Dior Noir on Wednesday, October 14, 2009 at 3:00 pm.
It’s really time for Toni Braxton to hire a new financial planner!
According to TMZ, the Grammy-award winning R&B singer has has defaulted on her mortgage payments – and now Bank of America is looking to foreclose her house. They claim she owes $12,503.20 on a place in Century City, California. Now that might sound like chump change for a celebrity, but that’s not the end of the star’s financial woes. Earlier this month City National Bank came after her for $657,567.54 and interest that’s over $44K when she failed to keep up with payments on a 2007 promissory note to the tune of $900,000.
Back in 1998 Braxton went bankrupt after she racked up $3.9 million in debt from financial mismanagement and all of her household possessions, including her prestigious awards, were priced to sell so she could pay off her creditors.
The songbird ended a Vegas gig last year and word is her next album has been pushed back to February 2010. Looks like she needs to get on her job, because pretty soon she’s not even going to have a door for all these creditors to knock on.