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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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1.

jtw    

I went through bankruptcy and my credit was shot for 5 years-- and she's already in debt for a $3 million house-- lets see how long before she files AGAIN!

231 days ago
2.

Max Smart    

That's a really big slap in the face to her poor old creditors, many of whom probably lost their (much less expensive) houses and cars because she didn't pay them back. It's pretty offensive, to be honest. Pay your bills, folks, or some other poor sucker will have to do it for you.

231 days ago
3.

Queen.of.the.Obvious    

Wow. .. "only in America" should actually say "only in America for the rich and famous. " Any average Joe who filed for bankruptcy twice in the last few years would have a heck of a time even qualifying for a $200 credit card, let alone a mortgage for a new house @@ Good for her, sucks for those she was able to skip out on paying 50 million to.

231 days ago
4.

BLUE UGLY 💩    

She is an idiot

231 days ago
5.

Kay    

Leave her alone. How about you tell the entire story TMZ. Readers do not be so gullible. Do not be like TMZ and not know the definition of bankruptcy.

231 days ago
6.

KARMA K    

I can't stand her anymore, it's really screwed up that she can move on and spend millions of dollars while the people she didn't pay are just f.cked! Including us, the tax payers! Selfish bitch.

231 days ago
7.

Ginger    

America this is why the US is a mess!!

231 days ago
8.

xxx    

Anyone who can rack up $50million should be forced to live on minimum wage the rest of their lives while all their other earnings go to pay back the people they screwed over. It won't be long until this moron loses this house as well.

231 days ago
9.

Truth    

HA, DUMB BITCH!! YALL KNOW THE HAS-BEEN WANNABE CELEB DINT BUY THIS SH*T WITH CASH... SOUNDS LIKE THE TW*T HAS BEEN HIDING PAPER FROM THE CREDITORS. POINT BLANK! #TRUTH!!

231 days ago
10.

DiM    

Or she could have been a bit sensible and got herself a nice rowhome that she will be able to afford to keep up through the years. I'm sure the property taxes here require quite a regular income. Champagne tastes.

231 days ago
11.

Lil Wayne     

Dumb ass, clearly she didn't learn. I wonder if she gets royalty checks are something, I mean she hasn't had a hit since 2006 ( and that's me being nice ).

231 days ago
12.

franklyspeaking    

WTF?? Just like a Leo,$pend, $pend into debt..

231 days ago
13.

RaineeDrops    

Something is not right.

Those who file bankruptcy, are thieves, and must think they are entitled. You pay back those you owe.

You don't a year later go buy a 3 million dollar mansion and live above your means again.

231 days ago
14.

RaineeDrops    

Is she renting/leasing it?

Either way, she owed people money and she should feel guilty doing this, What a sick sense of entitlement after you left people hanging on debt you caused them to now have to carry.

This is messed up and the court should look into this.

231 days ago
15.

Factual    

Screwing over the working man to pick up her tab. Deadbeat

231 days ago
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