DEBT PROBLEMS might force DUPRI to sell off the REMAINING SO SO DEF CATALOG

[KENNY DA COOKER]

reminiscing over the days when the SO SO DEF billboard was displayed proudly over I-75..........

Jermaine Dupri Sued for $2 million, May Have to Sell So So Def Music | AllHipHop.com

Jermaine Dupri may have just celebrated the 20th Anniversary of So So Def but he’s at risk of losing some of over a debt.

In 2010, Dupri took out an $4.8 million loan from SunTrust Bank. He’s since paid more than half of it back but according to a lawsuit brought on by SunTrust the checks stopped coming. Now Dupri is apparently on the hook for $2 million.

In order to pay off the balance Dupri may have to sell copyrights and royalties to the many songs his label owns from artists like Kriss Kross, Da Brat, Bow Wow and Xscape.

This isn’t the first time Dupri has been in the red. Earlier this year he paid off a $3 million tax lien and had to save his Atlanta mansion from foreclosure twice.

Maybe he could ask his billionaire ex-girlfriend for a solid.

 

[OnlyInCalifornia]

Sounds like he shouldn't have switched four lanes and kept the top up.

 

[Pop123]

Obviously SunTrust Bank got hate in they blood

 

[KENNY DA COOKER]

Sounds like he shouldn't have tried to ball out on Janet Jackson.....she was clearly out of his league....should have stuck to those coach bag lovin scrippers at Magic City

 

[Formerly known as...]

What a fool.

 

[RAX 010]

 

[OnlyInCalifornia]

 

[keon]

Them days of rappers ballin outta control seems to be more of a thing of the past..

And it gotta suck for cats like him because he still tryna maintain that lifestyle

 

[RhymesWell]

Dupri should've kept finding hit groups and teen rappers for So So Def.

 

[Buckeye Fever]

The snap era killed so so debt

 

[KENNY DA COOKER]

i'm just being honest...

i knew the n1gga fukked up when he took Janet on that trip to Dubai , the land of the oil rich billionaries...and next thing you know Janet dropped Dupri like a hot potato for a Dubai Billionaire

Jermaine Dupri and Janet Jackson at the Grand Opening of Palm Jumeirah and its flagship Atlantis, the Palm Resort at the Palm Jumeirah Island on November 20, 2008 in Dubai, United Arab Emirates. (photo by Dave Hogan/Getty Images for Atlantis, The Palm) * Local Caption * Jermaine Dupri;Janet Jackson


that was THEN.....................




this is NOW:

Janet Jackson had been dating Wissam Al Mana since 2010. That much wasn’t a secret; the two were even spotted out Monday, the same day as their marriage announcement, taking in the Giorgio Armani show during Milan’s fashion week. They began seeing each other less than a year after Jackson’s seven-year relationship with Jermaine Dupri came to an end, after meeting at a hotel opening in Dubai.



He tried to CUFF his HOE in the presence of some Billionaire Ballers.................

and played out the league.........

 

[Big Mel]

Good for his bytchass.

 

[Master Teacher]

i'm just being honest...

i knew the n1gga fukked up when he took Janet on that trip to Dubai , the land of the oil rich billionaries...and next thing you know Janet dropped Dupri like a hot potato for a Dubai Billionaire

Jermaine Dupri and Janet Jackson at the Grand Opening of Palm Jumeirah and its flagship Atlantis, the Palm Resort at the Palm Jumeirah Island on November 20, 2008 in Dubai, United Arab Emirates. (photo by Dave Hogan/Getty Images for Atlantis, The Palm) * Local Caption * Jermaine Dupri;Janet Jackson


that was THEN.....................




this is NOW:

Janet Jackson had been dating Wissam Al Mana since 2010. That much wasn’t a secret; the two were even spotted out Monday, the same day as their marriage announcement, taking in the Giorgio Armani show during Milan’s fashion week. They began seeing each other less than a year after Jackson’s seven-year relationship with Jermaine Dupri came to an end, after meeting at a hotel opening in Dubai.



He tried to CUFF his HOE in the presence of some Billionaire Ballers.................

and played out the league.........

damn I didn't know the nikka Al Wissam was billionaire, I use to buy gear at his store

 

[MegaTronBomb!]

life in 1472>>>>Life in 2013

Dude pretty much shut down the label, and is just a celebrity DJ now.

 

[blockburna420]

life in 1472>>>>Life in 2013

Dude pretty much shut down the label, and is just a celebrity DJ now.