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https://www.thethings.com/this-is-why-toni-braxton-went-bankrupt-not-once-but-twice/
Mar 01, 2021 · This Is Why Toni Braxton Went Bankrupt Not Once But Twice. The money she was earning her record label, Arista/LaFace, was clearly not going into her pocket. Toni Braxton is one of the best-selling R&B singers of all-time, with countless hits including “Un-Break My Heart,” “Find Me A Man,” “Let It Flow,” “Long As I Live,” and “He Wasn’t Man Enough.”.
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://www.nytimes.com/1996/11/25/business/tlc-settles-suit-setting-aside-a-troubling-use-of-bankruptcy.html
Nov 25, 1996 · The agreement reached late Friday ended a seven-month wait for a Federal bankruptcy court ruling on whether the group's industry-standard recording contract should be …
https://www.nytimes.com/1996/02/05/business/going-broke-cutting-loose-bankruptcy-has-new-appeal-for-music-groups-chafing.html
Feb 05, 1996 · Profile Records argued that was exactly the goal of three members of the rap group RUN-DMC, who filed for bankruptcy in August 1993. But the performers insisted they were broke and asked the court...Author: Diana B. Henriques
https://www.fame10.com/entertainment/9-musicians-who-went-broke/
May 31, 2017 · Grammy award winning singer Toni Braxton filed for bankruptcy not once, but twice! She first filed in 1998 and blamed an unfair contract with her record label. She had released huge hits like “Breathe Again” and “Another Sad Love” which sparked $170 million in sales, but she claimed she only got a royalty check for $1,972 in her first recording contract and unsuccessfully sued Arista and …
https://babbletop.com/10-famous-musicians-who-ended-up-broke/
Apr 15, 2018 · She was supposedly on schedule for concerts and tours, but cancellations took place and this lead to no recourse but to declare bankruptcy for the second time in 2010. Toni Braxton sang with the R&B trio group TLC and was once signed with Arista’s LaFace Records.
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 .
https://www.bustle.com/articles/143067-how-can-an-artist-get-out-of-a-record-contract-kesha-dr-lukes-case-raises
Feb 20, 2016 · In 1996, TLC filed for bankruptcy, claiming that they were broke after five years of international success.Their record label, LaFace Records, …
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