Skip to main content
(678) 915-2634 Contact Us
Toni Braxton’s debts discharged in bankruptcy court Atlanta, GA

Personal Attention & Experience Since 1971 Family-Owned, Family Focused

Client Reviews

Toni Braxton’s debts discharged in bankruptcy court

lawyer in a lawyers library

Several months ago, we wrote about Toni Braxton’s ongoing bankruptcy proceedings, during which a bankruptcy judge ordered that the singer’s Georgia home go into foreclosure. Now, however, it appears that Braxton’s Chapter 7 bankruptcy case will have a more positive ending. Recently, Braxton was awarded a discharge of several of her debts, which will allow her to have a fresh start.

Braxton filed for Chapter 7 bankruptcy almost a year ago, citing $18.3 million in debts and just $1.6 million in assets. Her reported debts included $16 million in royalty payments to her former and current record label, as well as property taxes on her Duluth, Georgia home and three years of federal tax payments owed to the IRS. In addition, she also owes several thousand in unsecured debts to credit card companies and retailers.

Although the court documents from the bankruptcy court do not specify which of Braxton’s debts will be discharged, the general rule is that most debts are eligible to be discharged as long as they existed at the time of the bankruptcy filing. Therefore, it is likely that much of Braxton’s debt has been discharged. One exception to this is Braxton’s tax payments, which are not dischargeable under federal bankruptcy law.

Last month, Braxton won another victory in bankruptcy court, when a judge approved a deal that reportedly will prevent the liquidation of several of Braxton’s personal belongings and assets, such as furniture and household goods, jewelry, and vehicles. In order to avoid liquidation, however, she had to agree to pay her bankruptcy estate $5,000 per month for the next 15 months.

Source: Wall Street Journal, “Toni Braxton Scores Bankruptcy Victory,” Jacqueline Palank, Aug. 30, 2011

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


First Free

    DisclaimerPrivacy Policy

    I have read the Disclaimer and Privacy Policy

    Our Client Reviews

    Jamie L. Gingold, PC
    5.0 / 5.0

    Based on 28 reviews

    Jack L.

    They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

    Karen B.

    Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

    Lyla B.

    I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

    Julie T.

    Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

    Write a review