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Toni Braxton

Toni Braxton sold over 15 million albums in the years leading up to her 1998 filing for bankruptcy and some believe she filed so she could get out of her recording contract with record label LaFace.

When she filed, Braxton was $3.9 million in debt and all of her household possessions, including the two Grammys she was awarded in 1997 were priced to sell so she could pay off her creditors.

Despite her conflict with her label, she signed a new contract in 1999 worth $25 million with them.

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