Toni Braxton’s bankruptcy issues are back in the news again and it sounds serious.
According to the trustee of Braxton’s bankruptcy estate, the singer fraudulently transferred $53,490 to her estranged husband in order to avoid paying back creditors in her bankruptcy case, reports TMZ.
According to new docs filed in Toni’s ongoing bankruptcy case, Toni’s estranged husband Keri Lewis received the 5-figure sum after Toni’s money was already earmarked to repay creditors.
Now, the bankruptcy trustee is suing Lewis to get the money back — much like John Mayer was sued for $465,000 following a giant Ponzi scheme collapse in Seattle.
As we reported, Toni filed for bankruptcy in 2010, claiming she owed between $10 million and $50 million in debts.
“All of the payments made to Lewis prior to Toni’s bankruptcy filing were appropriate transfers for reasonable and necessary personal and business expenses in the ordinary course of her business,” a rep for Braxton told TMZ.
The rep adds Toni will continue to provide the trustee whatever info is needed to address the allegation.
This is definitely not good at all here. She is definitely in a lot of trouble here. I am not sure what she was thinking here. She is definitely in a big mess here. http://www.shopefw.com/
I understand the first time filing since her contract with LaFace Records was basically a paupers contract. But what happened this time around? Maybe she lives above her means and doesn’t want to learn how to downsize. Also, can Tamar and Vince help her out? It’s obvious she has carried her sisters on her back ever since she signed her first record deal. Maybe it’s time for them to step up and help her.
With all the shit she has been through, she still hasn’t a clue. Pitiful, that naivete runs in the family.
being pretty dont make u smart
OK, she didn’t know they would find out about the $53K? For real? REALLY? Come on Toni, don’t tell me you fine AND stupid. You giving the good, smart black women a bad name!!! I guess stupid-ness doesn’t care about looks. You can be fine and stupid!!! Get it together Toni!!!
“A fool and her money soon part”
Is she that stupid? 2 bankruptcies and still making stupid choices.
I use to love this bird but now she just uses the system or any man she can get her claws on she and all her sisters need to go some where and sit down in a trash bag