Monday, October 29, 2012

Toni Braxton Gets Caught Up In Bankruptcy Case

Toni Braxton - Clive Davis 2012 Pre-GRAMMY Gala

Toni Braxton unsuccessfully tried to do the one, two on her creditors and everything just came crumbling down...



Toni transferred over $50k to her ex's bank account in an attempt to hide the money from her bankruptcy case...

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

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 suing Lewis to get the money back.

Toni filed for bankruptcy in 2010, claiming she owed between $10 million and $50 million in debts.

A rep for Braxton tells TMZ, "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."


Guess those 'Braxton Family Values' checks were just not enough....

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