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https://www.nytimes.com/1996/02/05/business/going-broke-cutting-loose-bankruptcy-has-new-appeal-for-music-groups-chafing.html
Feb 05, 1996 · But Pebbitone and LaFace Records insist that the women have exaggerated their debts and understated their assets so that they can use the bankruptcy process to break …Author: Diana B. Henriques
https://atlantablackstar.com/2014/01/30/12-celebrities-who-made-millions-and-went-broke/
Jan 30, 2014 · Braxton has sold more than 40 million albums in her career so far. But she’s filed for bankruptcy twice – in 1998, due to an abominably one-sided new artist contract with LaFace …
https://en.wikipedia.org/wiki/LaFace_Records
LaFace Records was an American record label based in Atlanta, Georgia, that operated as a unit of Sony Music Entertainment from 2008 to 2011 and was historically a part of Bertelsmann Music Group from 1989 to 2004. It was most active and achieved its greatest commercial success during the 1990s; dealing largely in the field of urban music. It was originally distributed by its co-creator Arista ...Founder: Antonio "L.A." Reid, Kenneth "Babyface" …
https://thegrio.com/2011/11/29/from-billboard-hits-to-bankruptcy-tlcs-slow-downfall/
Nov 29, 2011 · On the heels of selling 11 million copies of their 1994 album CrazySexyCool, TLC filed Chapter 11 bankruptcy on July 3, 1995. What was even crazier, on January 22, 1998, another hit LaFace artist,...
https://beat.com.au/the-dark-tale-of-tlc-going-bankrupt-in-the-90s/
With four career Grammy Awards, five MTV Video Music Awards and five Soul Train Music Awards, Tionne “T-Boz” Watkins, Rozonda “Chilli” Thomas and the late, great Lisa “Left Eye” Lopes are legends in their field. However, despite their unmistakable presence in the R&B history books, T-Boz, Chilli & Left Eye all ended up filing for Chapter 11 bankruptcy on July 3, 1995, declaring debts of a whopping $3.5 …
https://babbletop.com/10-famous-musicians-who-ended-up-broke/
Apr 15, 2018 · He was extravagant and spent lavishly on things that weren’t necessary. For that, he filed for bankruptcy in 1996 with a crushing debt of over $13 million. It was in the news that he had 200 people surrounding him and paying out a total of $500,000 for their salary per month just to support everyone.
https://www.georgiaencyclopedia.org/articles/arts-culture/laface-records
Despite a few minor setbacks—most notably bankruptcy filings by TLC and Braxton—LaFace continued to thrive in the late 1990s, with successful releases in 1996 by OutKast and Braxton. The rhythm-and-blues vocalist Usher's second album, My Way , released in 1997, sold more than 7 million copies, and in 1998 OutKast released the chart-topping Aquemini .
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