Toni Braxton Hit With Bank Lawsuit

Music

John Kennedy / October 7, 2009

Toni Braxton has been added to the growing list of celeb lawsuit victims, after allegedly defaulting on a $900,000 loan.

According to reported court documents, the popular ’90s recording artist took out the large loan from City National Bank, and pledged to pay it back in November. According to the bank, they haven’t gotten a check since this April.

Braxton, whose loan balance was renegotiated to $657,567.54, now owes around $44,000 in interest. The 40-year-old singer took out the loan due to “financial difficulty.”

The singer also fell on rough times in the late ’90s, which forced her to filed for bankruptcy after falling close to $4 million in the hole. –Linda Hobbs