From Baller Wives: 

How did six time Grammy Award winning singer Toni Braxton lose a multi-million-dollar fortune and file for bankruptcy twice?

For starters, she says it was from being cheated by her record label and her nasty silverware/houseware habit.

In a recent interview with ABC’s 20/20, Toni Braxton opens up about her music career, her present life and what caused her to go into bankruptcy twice.

Despite $170 million in worldwide sales, from hits like “Breathe Again” and “Another Sad Love Song,” Braxton said she got a measly $1,972 royalty check from her first recording contract. In the music industry, the artist is responsible for paying back the record label for all kinds of costs including: clothes, travel, studio time and music videos.