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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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Previous 15 Comments | 1 | 2 | 3 | 4 | 5
61.

monique    

love toni braxton but c'mon, bankruptcy twice! does she really need a 3 million dollar mansion. she could have got herself something way cheaper and at least tried giving back a little something to those she owed.

186 days ago
62.

ritta    

crazy!! and this isn't her first bankruptcy!

186 days ago
63.

Double Bubble    

Typical... Just another idiot spending money she doesnt have, collecting debts and then claiming bankruptcy. She'll be broke again soon enough...sad that she will no doubt be living her older years struggling in poverty.. You'd think she would have learned something...

186 days ago
64.

FELÖRIN    

TV DOES PAY OFF.... CAN'T WAIT UNTIL SHE DOES TIME FOR THE IRS.

IG: MORALESFJOSE

186 days ago
65.

tw1016    

I know that there are different chapters to file bankruptcy under which is why Toni Braxton's things were not liquidated this time. But Toni please Un-Break my heart and stop living beyond your means. For other interesting entertainment news and updates check out my blog http://tiffanywmedia.com

186 days ago
66.

STAYCLASSYSANDIEGO    

Pay what you owe freeloading s***!

186 days ago
67.

TheRealTruth    

Of course if TMZ got their facts straight they would know that she doesn't own the house and she's renting. Why say anymore when they will just make up what they want anyway. Way to go.

184 days ago
68.

SaphireStar    

If she is that reckless with $$ like she has been in the past (check the track record) Anyone who does any work for her or sells her anything can probably kiss getting paid goodbye.

170 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5

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