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52nd Annual GRAMMY Awards - Salute To Icons Honoring Doug Morris January 30, 2010

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Bankrupt Again, May Owe $50 Mil

Toni Braxton has filed for bankruptcy again -- claiming she owes somewhere between $10 million and $50 million in unpaid debts all over the country ... including DMVs in TWO different states.

Braxton -- who sold more than 40 million albums in her career -- just filed for Chapter 7 bankruptcy in California ... and in the docs, the singer claims she's only worth somewhere between $1 mil and $10 mil ... but she could have up to $50 mil in debts.

In the docs, 43-year-old Braxton lists a ton of creditors to whom she thinks she may owe money... including:

-- AT&T

-- The Four Seasons Hotels

-- Cedars-Sinai Medical Center

-- Various medical bills

-- DirecTV

-- Neiman Marcus

-- The William Morris Agency

-- Tiffany & Co.

-- Orkin Pest Control

-- The Internal Revenue Service

-- BMW Financial Services

-- ADT Security

-- American Express

-- Flamingo Las Vegas

-- Mesa Air Conditioning

-- Nevada Power Company

-- Screen Actors Guild

-- The Westin

-- Wells Fargo Bank

Braxton also claims she may owe money to the City of L.A. Parking Violations Bureau -- and the DMV in both California and Nevada.

Braxton has a storied history of financial problems -- she filed for bankruptcy back in 1998 ... and earlier this year, the IRS filed a lien against her for $396k.

  • 5 months later...

Toni Braxton WE TV Celebrates New Series ''Braxton Family Values'' in West Hollywood April 6, 2011

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