Sad. We can understand being prideful, but not when it puts you in this much trouble.
Just a few months ago,Toni Braxton was in the red for millions upon millions of dollars and debt collectors were hammering down on her door, attempting to get some answers and their money. Her problems began when she cancelled a series of Las Vegas shows she was slated to perform without really giving a reason. However, yesterday on The Wendy Williams Show, Toni revealed that her battle with lupus kept her from doing the shows and her pride kept her from sharing that information with the creditors. She explained to Wendy:
"When you file bankruptcy the bank can take everything… Before I filed… I tried to work out a deal with everyone. No one wanted to work out a deal. They said, 'It was 2008 when the market crashed, or whatever.' They were like, 'Oh, she can work.' But I didn't want to tell people I had lupus…What happened was, the first one was a business bankruptcy. But, because I secured everything personally, I had to file. People don't understand the bankruptcy is for protection."
Such a tough situation to be in, but one, according to Toni, that has finally started to resolve itself. According to Toni, at present, she owes $500K to the banks, which is certainly more manageable than the $50 million she was rumored to owe.
But for right now, sweetie, we think it is more important that you continue to take care of yourself. The money stuff will be sorted out when you are feeling better. Just remember that your health is the most important thing!
[Image via WENN.]
Tags: bankruptcy, cancelled, las vegas, lupus, millions, money, series