She was given the opportunity to purchase the copyright of some of her best hits from her music catalog for $20,000 when they were put up for sale on July 15.But was unsuccessful and was outbid by another buyer,Ross M. Klein who doubled the low offer Braxton made and now he now owns the rights and can profit from hits like How Many Ways and Always.
Toni made a deal with the bankruptcy court to resolve her financial woes which included settling a whopping $150,000 debt last month.
Luckily, she still owns the rights to her most famous hit Unbreak My Heart, which was not included in the auction - for now.
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Toni had previously filed for bankruptcy in 1998 for debts of $3.9 million and has legal trouble this year after her debtors tried to claim $754,000 in fees she made for International performances.
The singer and her trustee finally came to an agreement this week and agreed to pay the $50,000 she owed for the property and $100,000 from the performances.
So Sad
ReplyDeletewww.emmanuelbabatunde.com
This is the time for African-American artistes to collaborate with Africa to stay on top. Trust me!
ReplyDeleteso sad. Bt Ђơ̴̴̴̴̴̴͡ω cum she went bankrupt
ReplyDeleteshe got broke na......@eddie
ReplyDeleteMy wife beats me silly, flirts around Deeper Life.... www.yomiafolabi.blogspot.com
when Buying all those designer stuff,did she not know that ,that one day she will go bankrupt, Beside it was not her first time,Since 1998 notin she could do to avert such embrassment against the future.IN sUMMARY people hardly save these day but rather they prefer engaging in Luxury competition with other celebrity ,that are more than Them even when they dont even work dat much ,Yet money in their account ,Eg Rihana,Queen B and Victoria Beckham.Too bad for her . Am waiting for Nigeria Celebrity that will make such headline in nearest future,With all these stupid competition they are doin among themselve *15yrs Miss P youngest comentator*
ReplyDeleteYou make sense
DeleteYou are right. If you watch the reality show she does with her sisters, her motto is spend spend spend. Yet she's always complaining of bankruptcy - this is not the first time. People should learn to live within their means.
Deletepls ur background is making sometings invisible
ReplyDeleteGood for her.I forsee Beyonce and Jayz broke soon
ReplyDelete@pweety, even if they become broke they'll still be able to buy and feed ur whole generation from beginning to the end
DeleteI feel for her.
ReplyDeleteYes ooooooooooooo, work on your background.
Toni leaving ur buttons down nd boobs hanging won't bring hubby or the money back.didn't any 1 tell her Boobs flaunting is outdated,being conservative is in vogue ma'am.To think I used to love u tho.
ReplyDeleteUr not Lil Kim or foxy brwn,tacky ppl
Ms M
Abeg, emeh join me in singing * Cry me a river oh, cry me, cry me * So toni braxton has joined the likes of bow wow , lauren hill, fantasia, wesley snipes, allen iverson, mike tyson and co. Thats what happens when u know nothing bout financial literacy and u hire wack managers. Investing money on frivolities such as tigers, diamond necklaces, gold toilets, 80 room mansions, diamond teeth, caviar for your dog, choice drinks for your chauffeur and cribs with 50 acre lawns. I dont get this black american celebs. They are so daft when it comes to investments. All they know is livin it up and not thinking bout tomorrow. Pity, a fool and her/his money as soon seperated. Naija celebs take note.
ReplyDeleteMr anonymous
How can somebody buy caviar for their dog? Bloody hell...
DeleteIt's an old picture
ReplyDeleteOh my Tony, feel for her, continue wit ur reality show wit ur pretty sisters do d album wit dem n let go of pride
ReplyDelete