The 'Un-Break My Heart' hitmaker split from musician Keri Lewis, with whom she has two sons, after 12 years of marriage in 2009 and is now legally single.
A spokesperson for the Grammy-winner told People.com: "The couple has had an amicable split and will still both be actively involved in raising their two sons, 11-year-old Denim and 10-year-old Diezel."
The 45-year-old star is now ready for a fresh start as she also recently settled all of her bankruptcy debts.
She filed for insolvency for the second time in 2010, claiming she had debts as high as $50 million, and finally resolved all of her financial issues after reaching a deal to pay her trustee $150 000 earlier this month.
According to legal documents, Braxton, who first filed for bankruptcy in 1998, 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 $5 000 per month over 15 months but she failed to make the final lump sum payment of $50 000.
The trustee and the singer finally came to an agreement recently that will see her pay back that $50 000.
Braxton also agreed to hand over $100 000 from the $754 000 she made from performances overseas.
A judge is expected to sign off on the settlement later this month.
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