Advertisement

Toni Braxton Files for Chapter 7

Share via

Pop singer Toni Braxton has filed for bankruptcy protection in Los Angeles. Three companies owned by the Grammy-winning R & B artist also filed for Chapter 7 under the U.S. Bankruptcy Code.

The move comes just eight weeks after Braxton filed a lawsuit against La Face Records and its parent company, Arista Records, seeking to terminate her recording contract.

Although sales of Braxton’s music have generated an estimated $188 million over the last six years, the singer’s representatives say she is broke because of a substandard La Face recording contract that pays her less than 35 cents per album.

Advertisement

Braxton is the second star on La Face’s artist roster to file for bankruptcy. In 1995, R & B trio TLC filed for bankruptcy and sued La Face, also blaming their financial condition on a substandard contract. TLC settled the matter out of court last year for a multimillion-dollar advance and is back in the studio working on their next La Face release.

Advertisement