Jazze Pha Files For Bankruptcy

[Ol’Otis]

What in the hell is bussi?

he into tranny breh

 

[mobbinfms]

He filed for bankruptcy?
He must be a financial guru with millions stashed away in businesses that bankruptcy can't touch.
Only when you reach the height of wealth and power are you able to file for bankruptcy
I'm proud of Jazze

- the coli

 

[The God Poster]

Pha is running from his wife, his boy p*ssy fetish has gotten the best of him lately

came to say this. It's a lot of he sponsoring in the A

This joint was FIRE!!!!!!

The video the animation with the smoke

Always hated him for this song...around this time he gave about 5 people the same beat just a lil different

 

[jilla82]

eventually you cats will realize that people grossly understate how much they have when going through these procedures.

 

[duckbutta]

Was the 60 in his hand in 20's 10's 5's...

 

[mobbinfms]

eventually you cats will realize that people grossly understate how much they have when going through these procedures.

You mean they commit bankruptcy fraud?

 

[pimpineasy]

when he claims to have only grossed $65,000 last year and $30,000 so far this year.
other expenses for a total of $7,741 in monthly bills, which deducted from his monthly income leaves him with a total of $6,259 a month.

im confused $7,741 *12 = $92,892

so his annual bill is 93K?

Home $ 2,600
Tax Escrow $ 1,400
Entertainment $ 650
Food $ 600
Other???? $ 2,491
Monthly Bill $ 7,741

 

[jilla82]

You mean they commit bankruptcy fraud?

its not fraud if you do thing within the law.

Which is why I never understood people always complaining about rich people taking advantage of tax loopholes...
...WE ALL CAN DO IT!

 

[bordeaux]

maybe not appropriate but i strongly disliked the majority of this dudes contributions. but i wish him well. i still see him getting placements here and there. i think he's well on his way. isnt that song moolah he produced a pretty big hit.

 

[blizzard man]

eventually you cats will realize that people grossly understate how much they have when going through these procedures.

He filed for bankruptcy?
He must be a financial guru with millions stashed away in businesses that bankruptcy can't touch.
Only when you reach the height of wealth and power are you able to file for bankruptcy
I'm proud of Jazze

- the coli

 

[backbreaker65]

its not fraud if you do thing within the law.

Which is why I never understood people always complaining about rich people taking advantage of tax loopholes...
...WE ALL CAN DO IT!

Yep, these guys always laughing but don't know the process. This is standard operating procedure for Bankruptcy. You have to show that you're

insolvent
Merriam‑Webster
Legal Definition of insolvent. 1 : having ceased paying or unable to pay debts as they fall due in the usual course of business — compare bankrupt. 2 : having liabilities in excess of a reasonable market value of assets held. 3 : insufficient to pay all debts <an insolvent estate>

A bankruptcy lawyer can get an appraiser to devalue your assets and if the plaintiff doesn't challenge the value, the judge is going to keep it moving.

 

[Pinyapplesuckas]

Ladies & Gentlemen

 

[L. Deezy]

He filed for bankruptcy?
He must be a financial guru with millions stashed away in businesses that bankruptcy can't touch.
Only when you reach the height of wealth and power are you able to file for bankruptcy
I'm proud of Jazze

- the coli

lol.. basically

 

[King Poetic]

$252,000 in back taxes?
$310,000 in mortgage??

Got damn...... the government is the first person u pay homie

 

[mobbinfms]

its not fraud if you do thing within the law.

Which is why I never understood people always complaining about rich people taking advantage of tax loopholes...
...WE ALL CAN DO IT!

Sure. But if he filed a petition saying he has X amount of dollars in cash on hand. And he's lying. That's bankruptcy fraud.