In The Clear: Toni Braxton Finally Gets Rid Of That Bankruptcy Debt!

WENN.com

She may not be making millions of dollars anymore through album releases but singer Toni Braxton has pulled her resources together and gotten rid of whatever was left of her bankruptcy debt.

According to TMZ, Toni paid $150,000 to get everyone off her back.? Just to be clear, this is the second bankruptcy we?re talking about.

If you?ll recall, Braxton filed for bankruptcy back in 2010 and said it mostly stemmed from her health problems, including Lupus, which racked up major medical bills.

There were many layers to the bankruptcy but to clear it up, Toni worked with a trustee on two major things: buying back her property and money made from overseas shows.

In regards to the property, Toni was to pay $5,000 per month for 15 months, with the last payment actually being $50,000.? She was doing good until she couldn?t make that last payment.

In terms of the shows, Toni said that she shouldn?t have had to pay money back for the shows? ? $754,000 in total ? because she?d filed for bankruptcy before the shows happened and should, therefore, be able to keep the money.? On the other hand, the trustee argued that because Toni was paid before the shows (the money was put in escrow until she held up her end of the deal and performed), she still owed money on them.

A little confused?? Okay, well just know this: Toni and the trustee agreed that she would pay $50,000 for the property and $100,000 for the shows.

It looks like Toni needs to keep her Braxton Family Values gig since she now has nothing but space and opportunity to run her bills up again. I kid, I kid?love you, Toni!

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Source: http://madamenoire.com/285046/in-the-clear-toni-braxton-finally-gets-rid-of-that-bankruptcy-debt/

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