Get Cut Off Like Namond Brice Brehs ::Memphis Bleek Is No Longer A Millionaire, Files For Bankruptcy
- Thread starter KingsOfKings
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NigerianDonDada
FFOE
Memphis Bleek Files for Bankruptcy, Says He Only Has $100 in Cash
The former Roc-a-Fella rapper filed the petition March 14 in U.S. Federal Court in New Jersey. His total assets—which include a Jersey Home, a Chevy Impala, clothing, and wedding rings—total $274,000; however, his liabilities total $350,000. He also claims he has only $100 in cash, as his Chase business account is empty, and his business "Get Low Touring" is worth nothing.
Bleek reportedly earns $5,911.94 a month—$571 in royalties and $5,340.94 from his business; however, his monthly expenses amount to $5,377, leaving him with $534.94 after bills.
According to Bossip, the bankruptcy is pending while Bleek formulates a plan to pay back his creditors. He currently owes $335,000 on his New Jersey house, $24,000 on his Chevy Impala, $9,000 to the IRS, and $13,000 to Monmouth County Superior Court.
It's doubtful Bleek will be bailed out by Jay, as he doesn't list any support from family or friends in the petition. But hopefully he solve his financial issues just as he did in 2007, when he was reportedly hit with a federal tax lien for $37,750.
To be famous and broke has to be the worst. He was never a big star, but he's well known.
Damn, it's tough on rappers, especially B, C and D list artist.. If you don't invest those little moneys wisely, you'll be back to a normal dude status in no time.
The former Roc-a-Fella rapper filed the petition March 14 in U.S. Federal Court in New Jersey. His total assets—which include a Jersey Home, a Chevy Impala, clothing, and wedding rings—total $274,000; however, his liabilities total $350,000. He also claims he has only $100 in cash, as his Chase business account is empty, and his business "Get Low Touring" is worth nothing.
Bleek reportedly earns $5,911.94 a month—$571 in royalties and $5,340.94 from his business; however, his monthly expenses amount to $5,377, leaving him with $534.94 after bills.
According to Bossip, the bankruptcy is pending while Bleek formulates a plan to pay back his creditors. He currently owes $335,000 on his New Jersey house, $24,000 on his Chevy Impala, $9,000 to the IRS, and $13,000 to Monmouth County Superior Court.
It's doubtful Bleek will be bailed out by Jay, as he doesn't list any support from family or friends in the petition. But hopefully he solve his financial issues just as he did in 2007, when he was reportedly hit with a federal tax lien for $37,750.
To be famous and broke has to be the worst. He was never a big star, but he's well known.
Damn, it's tough on rappers, especially B, C and D list artist.. If you don't invest those little moneys wisely, you'll be back to a normal dude status in no time.
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Jay - Z - "Diamond Are Forever"
"Bleek could be one hit away his whole career
As long as I'm alive he's a millionaire
And even if I die he's in my will somewhere
So he could just kick back and chill somewhere
Oh yeah, he don't even have to write rhymes
The Dynasty like my money; last three lifetimes"
"Bleek could be one hit away his whole career
As long as I'm alive he's a millionaire
And even if I die he's in my will somewhere
So he could just kick back and chill somewhere
Oh yeah, he don't even have to write rhymes
The Dynasty like my money; last three lifetimes"
I thought Bleek would always be a millionaire Jay.
You trying carrying a bum on your back for 20 years.Gave him the best alley oop/platform you could be given in hiphop. Dude just could get hot, couldn't get a fanbase.
Gave him "Dear Summer"
All of that exposer and connect and Memphis couldn't flip that into anything?
No record label, club or nothing? Just stand around and watch everyone else make moves for 20 years breh.
Gave him the best alley oop/platform you could be given in hiphop. Dude just could get hot, couldn't get a fanbase.
Gave him "Dear Summer"
All of that exposer and connect and Memphis couldn't flip that into anything?
Just stand around and watch everyone else make moves for 20 years breh.
I mean He's one of the few nikkas Hov bird fed and he fukked it up like this?
Fukwatutalkinwatisaylaw
Superstar
Didn't J call him crackhead Bleek on tha All The Way Up remix.. nikka known for tha sneak dissin
I mean He's one of the few nikkas Hov bird fed and he fukked it up like this?
Fukked it up aint even the word.
Dude been riding with Hov for 20+ years and never thought to flip that money or invest in one of the many ventures as Hov, Beanie, Dame, Cam and the rest of the 50 rappers did.
Guarantee you he was one of the cats that just wanted to smoke and kick it with hoez 24/7.
CoCKy GeNiuS
Superstar
I'm not buying this, can't be true.
triplehate
Superstar
Sad day
