City National Bank is suing pop diva, Toni Braxton for breach of contract in regards to a $900k promissory note.
According to court docs, Braxton “on or about November 20, 2007, for value received, Braxton made, executed and delivered to a CNB Promissory Note for $900,000.00.”
Toni Braxton encountered financial problems and the financial arrangement was reneogatied in February 2008. However, on April 1, 2009, Toni fell behind in payments. The court docs state, “pursuant to the agreement, the outstanding balance on the agreement as of June 5, 2009, was $657,567.54.”
City National is seeking the $657k, and interest in excess of $44k.
Click here for court documents.
From: RadarOnline
3:39 pm
see, this is the reason Toni is fed up with his ass, it seems like he’s not helping her with ANYTHING financial wise… she’s falling behind with bills & he’s still MOOCHIN acting like nothing’s wrong! Homey, arm-candy only goes so far when it comes to money matters & he’s not doing ANYTHING to help her FINANCIAL WISE. He needs to go out & get a damn job! (McDonald’s is hiring)Start supporting her FINANCIALLY bro! She’s probably tired of having to carry your sorry ass…He hasn’t worked since Mint Condition honey & that was YEARS AGO! Get it 2gether brother, & START HELPING MY DAMN GYRRL!! Find a pair of “BALLS” from somewhere, and START HELPING HER!!!!