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.
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