Monday, October 29, 2012

Toni Braxton Bankrupt

According to the trustee of Toni Braxton's bankruptcy estate, Braxton fraudulently transferred $53,490 to her estranged husband in order to avoid paying back creditors in her bankruptcy case.  

According to new docs filed in Toni's ongoing bankruptcy case, Toni's estranged husband Keri Lewis received the 5-figure sum after Toni's money was already earmarked to repay creditors.

Now, the bankruptcy trustee is filing a lawsuit against Lewis to get the money back.

It has to be noted that Toni filed for bankruptcy in 2010, stating she owed between $10 million and $50 million in debts.

Toni Braxton's rep was quoted as saying: "All of the payments made to Lewis prior to Toni’s bankruptcy filing were appropriate transfers for reasonable and necessary personal and business expenses in the ordinary course of her business."

The rep adds Toni will continue to provide the trustee all the details needed to address the allegation.

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