Broke: Toni Braxton Declares Bankruptcy – Again

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Toni Braxton performs July 27

REUTERS/Ints Kalnins

Six-time Grammy winning singer Toni Braxton has had it bad over the past 10 years. Last week, things got even worse. (Via LA Times)

Although she started out her solo career with a bang after releasing her 1993 self-titled debut album to rapturous success, it wasn’t long before the ’90s pop star hit a few huge bumps in the road.

First came her bankruptcy filing in 1998, then the IRS filed a nearly $400,000 tax lien against her for debts she did not pay between 2007 and 2008. She produced five more albums, but none that were enough to make her solvent. Not even a brief stint on ABC’s Dancing with the Stars was enough to make the forgotten star a hit again.

On top of all that she’s had serious health problems including microvascular angina that forced her to cancel a series of Las Vegas shows in 2008.

(More on See the top 10 tax dodgers.)

But none of that explains why she, despite being worth somewhere between $1 and $10 million, could potentially owe five times that amount to creditors like Neiman Marcus, Tiffany & Co., AT&T and American Express in her second bankruptcy filing.

Seems like the “Unbreak My Heart” singer wishes she could unbreak her piggy bank and have saved a little bit more than she spent. Toni, time to take a good look in the mirror and say “You’re Making me Broke.” Or, shop around a reality show. Now’s your time.