Despite Selling 70 Million Records, Toni Braxton Has Somehow Declared Bankruptcy TWICE — And Is Still Battling The IRS And California’s Franchise Tax Board

Bankruptcy

This morning, TMZ reported that Toni Braxton had resolved a nearly $600,000 debt with the IRS. According to federal records, the singer was hit with a tax lien in June claiming she owed $69,390 for 2022, $278,876 for 2023, and $250,358 for 2024, for a combined total of $598,624. A representative for Braxton told TMZ…

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Liquidation

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Coughlans Bakery acquired out of liquidation

Liquidation

Twenty-five Coughlans Bakery shops could soon be reopened as the majority of the company’s business and assets have been bought by Janes Bakery Limited. Coughlans, which was founded in 1937, ceased trading on 1 July 2026, resulting in the redundancy of over 170 employees and closure of 31 sites across south London, Surrey, Kent, and…