Must Read Rumors

Kate Middleton and Prince William arrive in Paris for 2-day tour

The British princely couple is currently visiting Paris and was welcomed on Friday by French President Francois Hollande at Elysee Palace.

Meghan Markle reportedly told Kate Middleton he was pregnant, rumor subsequently denied

This week new rumors have surfaced, claiming that Prince Harry’s new love interest is actually expecting.

Kate Middleton reveals Princess Charlotte is ‘the one in charge’

She isn’t two years old yet, but the little princess is apparently the head of the royal family.

Kate Middleton’s private secretary Rebecca Deacon quits job

At the service of the British royal family for 10 years, Rebecca Deacon has been Kate Middleton’s personal assistant for the last five years, and now she is stepping down.

Kate Middleton and Prince William to visit Germany and Poland in July

The Duke and Duchess of Cambridge, née Kate Middleton, are scheduled to make an official visit to Poland and Germany this summer.

Kate Middleton and Prince William arrive in Paris for 2-day tour
Meghan Markle reportedly told Kate Middleton he was pregnant, rumor subsequently denied
Kate Middleton reveals Princess Charlotte is ‘the one in charge’
Kate Middleton’s private secretary Rebecca Deacon quits job
Kate Middleton and Prince William to visit Germany and Poland in July

Toni Braxton has huge debts and asked to be placed under bankruptcy law

by Dan
October 7, 2010 at 12:59 pm

Toni Braxton announced Thursday that she has huge debts – almost $50 million – and has initiated legal proceedings asking to be placed under the bankruptcy law.

R&B singer opened the proceedings with a California state court, arguing that her debts, consisting of unpaid bills and outstanding loans, rose at an amount between $10 million and $50 million.

Toni Braxton says she couldn’t pay these debts, because her entire fortune was valued at an amount between one million dollars and 10 million dollars.

According to the U.S. justice official documents, the singer said that on her big creditors list are: 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.

Singer Toni Braxton has once asked to be placed under the protection of U.S. bankruptcy law in 1998, and in March 2010 has been sued for nonpayment of federal taxes totaling $400,000.

Recently, TMZ found out that Toni Braxton took out “show insurance” through Lloyd’s of London for her act at the Flamingo Las Vegas Hotel & Casino back in 2006.

But when Toni’s heart condition started to act up – in the middle of the show’s run – she had to pull the plug, but she was still on the hook to the hotel for big bucks.

Toni expected Lloyd’s to cover the loss but Lloyd’s didn’t, arguing Toni had an undisclosed, preexisting medical condition, rendering the policy void.

In the end, Toni had to absorb a huge loss, which the relative claims sent her on a downward financial spiral.

What do you think? What is your gossip?

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