Jazze Pha Files For Bankruptcy

[winb83]

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.

People in a good financial position don't file for personal bankruptcy period. That ain't a savvy move it's something you do when you're financially fukked and can't pay your bills. Even if he's playing the system a little you'd rather not even be thinking about doing something like rather than being in a position where it's an attractive option.

 

[Stir Fry]

 

[kingstl]

nikka still paying on a 2010 Escalade

thats what i dont get....when he was caking heavy, why not just pay that b!tch off??

why buy a 2015 when u still owe on a 2010??

 

[KushSkywalker]

Two days ago

"I got 99 ways to get me some money"

 

[winb83]

thats what i dont get....when he was caking heavy, why not just pay that b!tch off??

why buy a 2015 when u still owe on a 2010??

Many people would rather have the cash on hand to invest or some shyt and make the monthly payments because they can afford them.

 

[Booker T Garvey]

everybody from the last decade of hip hop is struggling.
I know a super producer from that era, said he was getting paid 50K just to sit in sessions, not even produce just sit in and sort of "oversee" things
the ones that found success in ventures outside of music (acting, fashion, technology) are doing fine though

but seriously. look at who came up between 2002-2009 and look at them now.
this was hip hop's PEAK financially and now the ones that bought up the music are taking over

 

[CACarot]

Those numbers he got are pedestrian AF. That's money, earnings, and assets of a person working in middle management with a bachelors degree with a family of two. Not a known producer that has created hits for some of the biggest artist.

 

[OnlyInCalifornia]

everybody from the last decade of hip hop is struggling.
I know a super producer from that era, said he was getting paid 50K just to sit in sessions, not even produce just sit in and sort of "oversee" things
the ones that found success in ventures outside of music (acting, fashion, technology) are doing fine though

but seriously. look at who came up between 2002-2009 and look at them now.
this was hip hop's PEAK financially and now the ones that bought up the music are taking over

Whut.

Those two are ICE COLD out in the real world breh. They are running NOTHING. In fact Macklemore is desperately trying anything and he's getting a solid push but no one cares. He just got lit up tough for his attempt to make a dance song. Iggy's follow up album got tossed in the bushes till she comes with another single, which isn't happening.

As if Iggy and Macklmore are bigger than Future and Drake right now

 

[s3ven_LvLs]

After Pimp C called this fat bytch out for being a fakkit I lost all respect for this clown.

Huh? Is that when he went on the rant on the radio

 

[backbreaker65]

People in a good financial position don't file for personal bankruptcy period. That ain't a savvy move it's something you do when you're financially fukked and can't pay your bills. Even if he's playing the system a little you'd rather not even be thinking about doing something like rather than being in a position where it's an attractive option.

Who said it was savy? Who said it was smart? I'm saying when you file the modus operandi is to show you're insolvent i.e. show you can't pay and to devalue your assets. That's is all I said, and sometimes bankruptcy can be smart if it alleviates some of your debt if you're willing to pay. Most times it is used to negotiate.

 

[keepitrealprk]

dude could most likely pull in 3-5k a night gigging three or four nights a week.

 

[EndDomination]

nah breh it's a strategic bankruptcy

Someone called it two pages ago

 

[EndDomination]

Whut.

Those two are ICE COLD out in the real world breh. They are running NOTHING. In fact Macklemore is desperately trying anything and he's getting a solid push but no one cares. He just got lit up tough for his attempt to make a dance song. Iggy's follow up album got tossed in the bushes till she comes with another single, which isn't happening.

As if Iggy and Macklmore are bigger than Future and Drake right now

Macklemore might be touching more money than Future, he's independent, touring, selling an insane amount of singles and is getting YouTube royalties. He's probably worth a solid 15-20 Ms

 

[Booker T Garvey]

Whut.

Those two are ICE COLD out in the real world breh. They are running NOTHING. In fact Macklemore is desperately trying anything and he's getting a solid push but no one cares. He just got lit up tough for his attempt to make a dance song. Iggy's follow up album got tossed in the bushes till she comes with another single, which isn't happening.

As if Iggy and Macklmore are bigger than Future and Drake right now

i'm talking about rappers from last decade and you bring up DRAKE!?!?

drake, macklemore and iggy are making more money than Jazzy Phae is my point.

jeezus christ. you drake stans are insane...wtf is really going on?!?

 

[L. Deezy]

Two days ago

"I got 99 ways to get me some money"

this is why I respect Nas.. he had a financial moment.

He didn't hop on social media to prove anything to anybody. No comments on it..

Just went to work and got richer than he was before the divorce and tax shyt