Toni Braxton — Loses Song Rights In Bankruptcy Settlement

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Toni Braxton
may still have a song in her heart after filing for bankruptcy, but she just lost more than 2 dozen tunes that made her famous — because some dude bought them right out from under her … our sources has learned.

our sources broke the story … Braxton struck a deal in her bankruptcy case, in which she settled with her various debtors.  Part of the deal — Toni could buy back 27 songs from her music catalog for $20K — with one BIG string attached … she could be outbid.

Enter a guy named Ross M. Klein, who doubled Toni”s price and nabbed the tunes.

Among the 27 are a few hits, including “You”re Making Me High,” “How Many Ways,” and “Always.”

Un-Break My Heart” is not among the 27, and we don”t know its fate … although it looks like it”s still hers.

Sometimes, it”s hard to carry a tune in bankruptcy.