OK, So I know bankruptcy doesn’t necessarily mean “broke”, however…this song has a different tune for our favorite 90’s singer, Toni Braxton. She appears to have lost just about everything that allowed her to receive ANY royalty checks, except her legal name.
According to TMZ, Toni reached a settlement in her bankruptcy case, she agreed to put up the rights to 27 songs from her music catalog as collateral. She DID have an option to buy it back, but she also ran the risk of being outbid, and thats exactly what happened, worse part…It was purchased for only $20,000!!
Photographs courtesy of Uptown Magazine