Source: Monica Schipper / Getty
Media outlets went crazy a few months ago when it was reported that Jay-Z’s one time right hand Memphis Bleek had reportedly filed for bankruptcy (Click HERE if you missed that)
Apparently, Bleek has had a sudden increase in his income and found a way to pay off his debt.
From Bossip
Memphis assets are his Keyport, New Jersey home worth $250,000, a 2012 Chevy Impala valued at $14,000, $2,970 in household goods, $120 in pictures and books, $2,000 in clothing, $5,000 in wedding rings, $0 in his Chase Business account, $100 in cash on hand, ownership of his company Get Low Touring worth $0.
However, the rapper’s liabilities include $335,000 owed on the NJ home, $24,000 on the Chevy Impala, $9,000 to the IRS and $13,000 to Monmouth County Superior Court.
The former Roc-A-Fella Records artist said he is self-employed and runs his company Get Low Touring – and brings in $5,340.94 from his business and $571 in royalties per month.
Earlier this week a judge in Federal Court dismissed the entire bankruptcy which means that he will have to pay off the creditors himself without any assistance.
The judge explains that Bleek was not present for a court ordered hearing that was supposed to help resolved the issues that he was having with his creditors.
Hmmm… So I wonder what could have caused Bleek to have this sudden change of heart about his finances…. Jigga What… Jigga Whoooooo!
