Braxton owes big

It's tough times out there. We all know that. Boy, do we all know that. And joining the back of the hardship line is <a class="taxInlineTagLink" id="PECLB000648" title="Toni Braxton" href="/topic/entertainment/music/toni-braxton-PECLB000648.topic">Toni Braxton</a>, who has filed for Chapter 7 bankruptcy in California. Toni estimates she owes around $50 million. Wait, what? $50 million? Ouch. What's she been buying? Let's hope that whatever it was, it was helping prop up the bad economy -- if only until the checks bounced. Click to read more about <a href="http://latimesblogs.latimes.com/gossip/2010/10/toni-braxton-bankruptcy.html"><b>Braxton's banking problems</b>.</a>

( Jae C. Hong / Associated Press )

It's tough times out there. We all know that. Boy, do we all know that. And joining the back of the hardship line is Toni Braxton, who has filed for Chapter 7 bankruptcy in California. Toni estimates she owes around $50 million. Wait, what? $50 million? Ouch. What's she been buying? Let's hope that whatever it was, it was helping prop up the bad economy -- if only until the checks bounced. Click to read more about Braxton's banking problems.

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