May 4, 2011
Selling millions of records doesn’t equate to cash in the bank.
Just ask Toni Braxton, the Grammy-winning songstress who belted out the 1996 power ballad “Un-Break My Heart.” Braxton, who’s in the middle of her second bankruptcy proceeding and is starring in a new reality television show with her family, told TV Guide that her royalty statement from her first two albums was just $1,972.
The idea that she spent all the dough she was allegedly taking in is one reason why Braxton decided to do the reality show. “Braxton Family Values” premiered on WEtv last month.
“Everyone knows Toni Braxton’s bankrupt—dot dot dot—again,” she said. “But when I talk about the second bankruptcy versus the first bankruptcy, what a lot of people don’t know is…that my royalty statement after I sold all those records, ‘Un-Break My Heart,’ was less than $2,000. But I couldn’t talk about it because there was this big gag order.”
Braxton, who emerged from the 1998 bankruptcy to sign a more favorable recording contract, release new albums and perform on Broadway, blamed the second bankruptcy, filed last fall, on the lupus that caused her to cancel performing commitments in Las Vegas.
“I had to cover myself so all those vendors wouldn’t come after me,” she said. “It was a protection.”
Braxton’s current bankruptcy remains pending, and court papers show her attorney recently filed a copy of the certificate showing that singer completed a financial management course.
Selling millions of records doesn’t equate to cash in the bank.
Just ask Toni Braxton, the Grammy-winning songstress who belted out the 1996 power ballad “Un-Break My Heart.” Braxton, who’s in the middle of her second bankruptcy proceeding and is starring in a new reality television show with her family, told TV Guide that her royalty statement from her first two albums was just $1,972.
The idea that she spent all the dough she was allegedly taking in is one reason why Braxton decided to do the reality show. “Braxton Family Values” premiered on WEtv last month.
“Everyone knows Toni Braxton’s bankrupt—dot dot dot—again,” she said. “But when I talk about the second bankruptcy versus the first bankruptcy, what a lot of people don’t know is…that my royalty statement after I sold all those records, ‘Un-Break My Heart,’ was less than $2,000. But I couldn’t talk about it because there was this big gag order.”
Braxton, who emerged from the 1998 bankruptcy to sign a more favorable recording contract, release new albums and perform on Broadway, blamed the second bankruptcy, filed last fall, on the lupus that caused her to cancel performing commitments in Las Vegas.
“I had to cover myself so all those vendors wouldn’t come after me,” she said. “It was a protection.”
Braxton’s current bankruptcy remains pending, and court papers show her attorney recently filed a copy of the certificate showing that singer completed a financial management course.
