Celebrity

Bankrupt To Bank Roll

What can I say about Toni Braxton, it must be nice to rack up millions of dollars of debt and just file bankruptcy [again] to get rid of it and then turn around and make another million dollar purchase.  When is enough going to be enough? We shall see if she gets it right THIS TIME!! Check out this report from The Huffington Post: 

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Toni Braxton has reportedly purchased a multi-million dollar house near Justin Bieber, just months after closing her bankruptcy case.

Braxton allegedly bought a $3 million mansion in Calabasas, Calif., in the exclusive gated community where Bieber lives, The Oaks, according to TMZ. The 5,323-square-foot house boasts four bedrooms, five bathrooms and a pool.

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The move comes only six months after the singer reached a settlement in her bankruptcy case. She filed for Chapter 7 in 2010, claiming she had debt between $10 million and $50 million stemming from taxes and property. Prior to that, she filed for bankruptcy in 1998.

During a 2012 interview with ABC News, the 46-year-old blamed her money woes on business issues and a home-decor addiction.

“I love dishes and house things, so I kind of lost it a little bit on the houseware,” she said, adding that she spent her money on plates, Faberge eggs and 1,000 thread-count sheets. “That’s what I indulged in. I loved that part of it. I’m a little odd.”

In July, Braxton settled her bankruptcy case by paying $150,000 to the trustee, TMZ reported.

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Her reality show, “Braxton Family Values,” is currently in its third season on WEtv.

Clarification: The alleged house in question is near Bieber’s home, but is not directly next to it.

Let’s hope Toni Braxton’s reconnection with Babyface prove to be profitable, we surely don’t want to have a bankruptcy 3peat!! 

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Reference: The Huffington Post

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