June 12, 2018
Platinum-Selling Rapper files for Bankruptcy to avoid foreclosure on her home.
- IRS: $1.47 MM back taxes
- $4 MM in secured & unsecured debts
- $664K arrearages on $2.3 MM house
Her Bankruptcy Petition states she has:
- $25,000 in jewelry
- $52,600 2015 Bentley worth
- $4,200 2000 Mercedes Benz
- $5,000 electronics
- $5,000 clothing
- $2,500 cash and no bank accounts
- $154,000 several business entities.
Gross Income dropped from $824 thousand in 2016 to $398,000 last year and has no retirement funds.
Even the famous face Foreclosure.