Toni Braxton's ongoing bankruptcy case is finally over and done, though it cost her almost $150,000 to get everything settled.
Braxton filed for bankruptcy back in 2010, with debts reported to be as high as $50,000,000. According to court docs, Braxton worked out a deal where she could buy some of her property back that was lost in bankruptcy. She had to pay $5,000/month for 15 months, with the last payment being $50,000. Braxton was able to pay each month, until that last big one.
In addition to that, just after filing for bankruptcy, Braxton made $754,000 off of shows overseas. She felt she was entitled to keep the money, since the shows in question took place after the bankruptcy. But, she was allegedly paid before.
Braxton and the trustee came to an agreement this week, as she paid off the $50,000 she still owed and $100,000 more for other issues.
Yikes. At least it's all over now.
Source: tmz.com
