They Went Broke Too! Toni Braxton.

Grammy Award winning singer, Toni Braxton, has filed for bankruptcy.

The filing occurred on September 30, 2010 and bears Docket Number 10-51909.  The bankruptcy was filed in the Central District of California Bankruptcy Court located in Los Angeles.

Ms. Braxton’s has filed a Chapter 7 bankruptcy, which is also frequently referred to as a “Fresh Start” bankruptcy, since the debtor discharges her debts and starts over.

Ms. Braxton previously filed for bankruptcy in 1998.  (Docket Number 98-12646, Central District of California Bankruptcy Court).

Reports are that the bankruptcy is the result of health problems that caused Ms. Braxton to  be unable to honor a contract to perform in a Las Vegas show, coupled with her insurers refusal to cover the loss, alleging that she had failed to disclose a pre-existing heart condition to the insurers.

Health problems can be a direct or indirect reason that is often listed as a major reason why people file for bankruptcy.

by , New Orleans, Louisiana bankruptcy lawyer.

About Kevin Gipson, Attorney at Law

I am an attorney licensed in all State and Federal Courts in Louisiana. I practice in the Greater New Orleans Area and work with Consumers to help them with their debt problems. My primary areas of practice are Chapter 7 and Chapter 13 bankruptcy and Student Loan Law.
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