Memphis Bleek Files for Bankruptcy
It was (seemingly) all good just a few months ago when Memphis Bleek was a guest on the Drink Champs podcast, yucking it up with a throwback story about Jay Z's pettiness, but as Bossip has learned, a few weeks prior, the one time Roc-A-Fella artist had filed for chapter 13 bankruptcy, claiming to have just $100 cash to his name.
According to documents obtained by the site, Bleek filed a bankruptcy petition in New Jersey on March 14, citing $274,190 in assets and $384,804.91 in liabilities. His assets include his Keyport, NJ home, worth $250,000, a 2014 Chevy Impala valued at $14,000, $2,970 in household goods, $120 in pictures and books, he and his wife’s $5,000 wedding rings and $2,000 in clothes. The docs as well list his monthly expenses to include $2,250 on his mortgage, $400 on food and housekeeping, $280 in alimony/support payments, $516 for his car payment and various other bills.
The money that Bleek has been raking in in recent years has taken a serious hit as well, as he says in the docs that he's made $5,113 in wages during the first three months of 2016, and $15,747 in 2015 and $16,960 in 2014. His music royalties meanwhile came out to $6,686 for 2015 and $6,949 for 2014.
The news of Bleek's financial woes comes almost a year to the date that 50 Cent's petition for bankruptcy was first reported. It took 50 almost a year to settle his case, with things reaching a resolution earlier this month.
For further details on Bleek's current situation, visit Bossip, who were unable to reach the rapper for any official comment.
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