From Rich To Penniless: 15 Celebrities Who Have Gone Broke In The Last 10 Years – You’ll Be Surprised! (With Pictures)

14. Toni Braxton

Bankruptcy is a sign that you’re beaten to the ground, leveled. But, some people might use it as a tool to avoid massive taxes, bills and obligations. You know the song Unbreak My Heart? Toni Braxton is the author of this all-time classic. You’d think that she’s a fragile person after you hear her sing about a broken heart and tears, wouldn’t you?

Well, it turns out the singer loves to live the life of fraud and misguidance; she accumulated over 50 million dollars of debt by not paying taxes, bills or for services. On the big list of people she owes money to, there is AT&T, multiple healthcare providers, several hotels, jewelers from Tiffany and of course, the IRS. This woman filed for bankruptcy three times so far; 1998, 2010 and 2013. The last time she filed for bankruptcy is the most interesting one; Braxton bought a 3 million dollar mansion shortly after the bankruptcy filing.

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