A recently single and broke Toni Braxton has lost the copyright to 27 of her favorite songs after being outbid during an auction of her back catalogue.
After filing for bankruptcy not once but twice, the 45-year old R& B singer struck a deal with the bankruptcy court to settle her bankruptcy case for approximately $150,000, spending $50,000 to reacquire personal belongings. She was also hoping to buy the rights to over two dozen of her songs through the deal.
The six-time Grammy Award winner was given the opportunity to purchase the copyright of some of her best hits from her music catalog for $20,000 when they were put up for sale on July 15 but there was one major caveat — she could be outbid.
