Money can't buy you class, according to Countess Luann, but if you're Toni Braxton's ex-husband, it can buy you a lot…illegally! That's the thing about declaring bankruptcy. I'm not going to pretend to know the inner workings of bankruptcy filing, but I do know that you have to follow some strict rules.
The singer and star of Braxton Family Values filed for bankruptcy in 2010, citing between $10 million and $50 million in debt. And I thought I had it rough! Now, Toni is being accused of fraudulently wiring her ex-husband Keri Lewis over $50,000 after the money had been set aside to pay creditors.
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Toni is, of course, denying any wrong-doing on her part, saying that the transfer to Keri was totally legitimate. According to Us, bankruptcy trustees are suing Toni in hopes of recovering $53,490 that she passed along to her ex to avoid paying it to creditors. That's quite a hunk of change!
TMZ reports that the singer's representative claims that everything is hunky dory. Toni's rep gave a statement claiming, "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." Oh, the ol' 'ordinary course of business' line…
The rep adds that Toni will cooperate in the suit and provide any information necessary to prove these allegations are false. It sounds like someone needs to start churning out the reality shows!
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[Photo Credit: Daniel Tanner/WENN.com]