Braxton, filed for Chapter 7 liquidation last fall. She listed debts of $10 million and $50 million with assets in the $1 million to $10 million range. Creditors include Cedars-Sinai Medical Center, the Internal Revenue Service and Neiman Marcus. She had previously filed bankruptcy in 1998. The IRS had also filed a lien against her for $396,000.
Braxton also had a home in Henderson, Nevada that she bought in 2007 for $2.6 million. The home was listed as a foreclosure on Realtor.com for $1.15 million and sold on September 17 for $1.060 million. Braxton and her four sisters, all aspiring singers, have a new reality television show "Braxton Family Values" which will run on the WE Network this April. Earlier this month it was also reported that she is mulling over posing for Playboy.