Trick Daddy has filed for bankruptcy.
Full story below…
The ‘Thug Holiday’ rapper has filed for bankruptcy for the fourth time after revealing that he $0 in his bank account and owes $800,000 to his creditors.
Eating into his wealth? Monumental expenses.
These being…
a house worth $350,000 with a $435,682 mortgage attached to it, $12,000 to his home association, $57, 119 in child support back payments, and am IRS debt of $290,000.
Unfortunately, his time on the TV series ‘Love & Hip Hop Miami‘ is yet to yield huge financial rewards for him which is why he is now asking for help as he works his way back up to financial freedom and stability.
We wish him the best of luck.
Hit this link to learn more about bankruptcy.
I wonder how much Love and Hip Hop is paying him for this to happen. Or maybe he’s been living out of his means to build up his image on the show. He’s done Trina dirty.
But very sad situation.
He is dumb. He must have bought a house in the ghetto. That is the only way it is that upside down in value. He should have invested in a fort lauderdale / miami strip club long time ago and made money as a businessman. U can make money off liquor, strippers, music, and whatever hood hussle u think of my owning a strip club!
Jazzy, the house is not in the ghetto…it’s actually in nice suburban community near Fort Lauderdale. It’s likely worth around $550k. His bankruptcy attorneys purposefully undervalue the house so as to protect the equity from other creditors in his bankruotcy case. But I agree with you that he should’ve made better business decisions ultimately.
Thanks ? that makes perfect sense now.
How are you a legend, homophobic, but on Love and Hip Hop and broke? TRAGIC
I wish Camila Cabello would have Trick Daddy’s baby. Maybe then she’d get a solo hit on the charts. I stan a flop
OMG I just hollered