The 'Un-Break My Heart' singer filed for insolvency for the second time in 2010, claiming she had debts as high as USD 50 million, reported TMZ online.
Braxton, 45, got into trouble again after she struck a deal with the trustee to buy back some of the personal property she lost by paying back USD 5,000 per month over 15 months but she failed to make the final lump sum payment of USD 50,000.
The trustee and the singer finally came to an agreement this week that will see her pay back that USD 50,000.
She originally argued that she was legally entitled to keep all of the money because the gigs took place after she filed for bankruptcy, but the trustee said the deal was inked with promoters beforehand and since the money was in escrow, Toni should have had to hand it over.
Both parties also agreed that Braxton can buy back the copyright of a number of her songs for USD 20,000 but they will still go to auction on July 15 and she can only have them for that price if she doesn't get outbid.