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Toni Braxton

Buys $3 Million Mansion

6 Months After Bankruptcy

1/28/2014 12:30 AM PST BY TMZ STAFF
EXCLUSIVE

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Reality TV can pull you out of bankruptcy and get you a $3 million house next to Justin Bieber ... all in 6 MONTHS ... and Toni Braxton's living proof.

Real estate sources tell TMZ, Toni -- whose reality show "Braxton Family Values" is already on its third season -- just purchased a mansion for close to $3 million in Calabasas' exclusive gated community The Oaks ... just a few houses down from Justin.

The house is 4 bedrooms, 5 bathrooms, and measures 5,323 sq. ft.

Technically, it's the smallest house in the neighborhood ... but still, not too bad for someone who was dead ass broke less than a year ago.

Toni's real estate purchase has to sting for her old creditors -- as we reported, when Braxton filed for bankruptcy in 2010 (for the second time) she claimed debts as high as $50,000,000 ... and only ended up repaying a tiny fraction of that before the debts were cleared entirely.

Only in America ...

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97 COMMENTS

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16.

stephanie    

Dumb b*tch. She'll keep doing it too because its clearly benefitted her. Meanwhile, I can't get a loan for a regular house because my credit is low.

205 days ago
17.

billybob    

This is so sick! Cause one thing is guaranteed: someone has to pay for her bankruptcy, and usually this is the regular worker, craftsman, etc.. Her bankruptcy is destroying jobs and the lifes behind these jobs.

And this bitch is living in pure luxory . . .

Go and buy her music, idiots!

205 days ago
18.

Crabby    

broke ass whore can't wait till the bitch files for bankruptcy again

205 days ago
19.

Celeb Gossip Addict    

Poor Toni. She seems to have a mental block when it comes to living within her means. Bankruptcy #3 here she comes.

205 days ago
20.

GothamGirl    

Ridiculous! If she can afford a new house, she can afford to pay back her creditors! Filed for bankruptcy twice, shouldn't be allowed!

205 days ago
21.

Jacob    

'We'll take care of the rest, Toni. No worries.'


—California tax payers

205 days ago
22.

Jim    

Our bankruptcy laws are SO out of line. I like Toni B, but come on. Had millions of dollars of debt erased and then buys an expensive home just 6 months later? RIDICULOUS.

205 days ago
23.

mary collins finn    

This is an absolute disgrace ! This woman has declared bankruptcy not ONCE but TWICE in a short time running up debts of nearly 100 million in the process and paying her creditors mere cents on the dollar after enjoying the fruits of her lavish spending . Now here she is again, poised to begin all over again. This is absolutely NOT right.

205 days ago
24.

itstoodarnexpensivetolive!    

This is why the bankruptcy laws need changed. It's an easy out for people to screw others over. Creditors are people who are getting screwed. My ex-boss, owner of his own company, stole my 401K and didn't pay me back wages. When I sued him (at great expense to myself), I won, but he then declared bankruptcy (although owning a brownstone in Brooklyn and executive producing on Food Network prime time shows and living the high life. I got none of my 401K back or my wages. Bankruptcy laws are an outdated joke. Toni Braxton - hope you too get yours from those you screwed.

205 days ago
25.

tacobell    

I was thinking i should go bankrupt...Toni you're a genius!

205 days ago
26.

SumSum    

She's right within her means...and you know why because she probably had someone hide the millions she had but didn't want to pay back...and the low working class can't get away with the shiit these Hollywood and millionaires get away with. Case in point the irs will let rich ppl get away with millions in tax debts while low working class can't get away with owing the irs 500 dollars now that's just sad and we end up paying for their screwups not wanting to pay for all their credit card debt so we pay on the backend high interest rates etc..

205 days ago
27.

firebaby    

toni braxton is wrong, and she's an idiot, living above her means.... no surprise when bankruptcy #3 comes in...

still, this article makes no sense... if she filed for bankruptcy (for the 2nd time) in 2010, and her family's reality show is on it's 3rd season, where are you guys getting this 6 month timeline from??? she's still wrong, but you guys can't count....

205 days ago
28.

SumSum    

Whenever ppl like this file bankruptcy then buy expensive things house cars etc the government needs to cease it and pay the creditors even if the debts are cleared by the courts originally a judge should be able to do that also bankruptcy debts cases should never be closed for reasons like this one...

205 days ago
29.

Clytemnestra    

She got herself an income and a smart bankruptcy lawyer. Thus...a miracle.

205 days ago
30.

scott    

First, we tend to keep using the word "Mansion" a lot lately . Just because a house is expensive doesn't make it a mansion. Yes, this house looks nice and its large but in no way is it a mansion. Secondly, if she lives only a few doors down from Justin Bieber and he has made over 100 million in the last few years either he is very frugal of she is way beyond her means. Third. What happens when she has to pay property taxes. She lives way beyond her means. …."reality show"

205 days ago
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