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Toni Braxton speaks on bankruptcy

Toni Braxton speaks on bankruptcy
Posted February 10th, 2014 @ 10:12am by Cortney M. Wills | CocoaFab

Listen to Toni Braxton on iHeartRadio

Toni Braxton has a new album to promote with Babyface that chronicles her experience with Love, Marriage and Divorce, but she’s also dishing details about her troubled past with bankruptcy.

“When you first sign a deal it’s never going to be any money because you haven’t sold any records…you have to prove yourself,” she told The Breakfast Club.

“You do a show; you do $100,000…an artist might come home with $20,000,” she said. “The more it’s cut up, it’s distributed differently. It’s the nature of how the industry works. I don’t think people understand that.”

The Braxton Family Values star recently purchased a $3 million mansion, raising eyebrows from fans who questioned her financial stability.

“I have Lupus…My show in Vegas got cancelled and insurance wouldn’t cover it, so I had to pay myself,” she said.

She also revealed that she and her sisters are ready to work on an album together.

"We are talking about that right now."

Check out the full interview below:

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