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4. Toni Braxton

Toni was living it up in an 11,400 square foot Georgia mansion until her finances went awry, forcing her to file Chapter 7 bankruptcy, in 2004. This sent her $2 million purchase into the open market, and her celebrity status added nothing to the property’s value. It was sold for almost half the purchase price.

Toni Braxton
Helga Esteb - Shutterstock.com

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