Old Slaves: Entertainers Who Signed Bad Record Deals
Toni Braxton
After two successful albums, 20 million records sold, and a handful of awards, Toni Braxton filed for bankruptcy and shocked all of her fans. Following the announcement, the media (and especially Oprah) were quick to blame her spending habits, but Toni set everyone straight when she revealed that her financial woes were really the result of a bad contract she signed with LaFace Records that took too much of her money and bankrupted her with overbearing expenses.