AceShowbiz - The "Un-break My Heart" hitmaker, Toni Braxton was forced to file for bankruptcy last year amid reports she owed between $10 million (GBP6.25 million) and $50 million (GBP31.25 million) in unpaid debts after cancelling a series of Las Vegas shows due to heart problems.

She recently assured fans her financial woes were not as bad as had been reported and claimed she just had an outstanding tax debt with U.S. authorities amounting to $500,000 (GBP312,500).

But the star, who appears in new U.S. TV series "Braxton Family Values" - alongside her four sisters and mother - insists she has only managed to stay on top of her money issues by taking on concert deals outside of America, because she and her two young sons can live off the big pay cheques for months on end.

She tells Sister 2 Sister magazine, "I still live in a house in Atlanta. And I do one-off dates in Europe - because I'm much bigger in Europe than I am here in the States."

"I do little spot dates here and there and get paid really good, so I am surviving. The reality show is not how I am really getting paid. Who said reality shows make you rich? That's a misconception."