When The Checks Stop Coming In: Katt Williams Files for Bankruptcy

Posted on July 16th, 2009 - By Bossip Staff

Categories: Katt Williams, News, When The Checks Stop Coming In

katt-williams

Bossip has learned that Katt Williams has filed for bankruptcy

According to the comedy magazine Humor Mill:

In the long list of controversies surrounding Katt Williams, it looks like this following news might be a serious set back; we just discovered from several sources that comedian and actor Williams has filed for bankruptcy.
Over the past several years, Katt Williams has been involved in several tours that have grossed over $50 million dollars and several months ago Katt turned down an offer from Comedy Central for over $50 million, not to mention his official retirement from doing stand up over the Christmas holidays.

This sure isn’t pimpin’ Katt. Hopefully, the talented brother gets his mind right and gets it together.

Source

  • DATPHILYGIRL

    1st he needs to go back to the weed man or invest in them…lol

  • Angee

    This dude needs to get back to work! Stop turning stuff down, and come out of retirement.

  • rInthere

    if its true thats what he get for talkin smack about my homie Steve, what goes around comes around lil homie

  • Angee

    These damn ads!! Lol!

  • Sissy

    I recommend you a nice milionaire dating site __Rich Flirts.c o m__. Whenever I chat with my friends on this site, I feel really relaxed and happy. They are easygoing and honest. I enjoy staying on the site. Hope you can find more nice rich friends there. Good luck to you.

  • thats that……

    yea

  • Yeash

    Po lil’ tink tink

  • MASTER’S DEGREE @ 24

    DAMN..I BET HE’S REALLY SWEATING HIS PERM OUT NOW!!! SMH

    :(

  • Al Shaprton’s Lacefront

    He turned down $50 million and now he is filing for bankruptcy. Black people and their money….*Shaking My Perm*

  • http://www.freewebs.com/bestsexever cinCity

    the biz is scarrryyy yalll!

  • Robert

    Maybe getting pimped slapped in Detroit s
    made him retire

  • PUSSYCATFUN

    KATT WILLIAMS BETTER CALL “DARK N’ LOVELY” FOR A DEAL….

    NEXT COMES THE IRS LOOKING FOR BACK TAXES!

  • PUSSYCATFUN

    LMMFAO@ ROBERT

  • top ramen shotta

    the insurgents came and took all his doe!

  • http://aol Purple Haze

    LMAO @ Yeash

    Po lil’ tink tink

  • KayKay

    Code 10: Pimp in Distress!

  • YorkieLover

    He’s not all that funny to me anyway. “Pimp down” ran out.

    I miss Bernie Mac…

  • Sharie

    I love Katt Williams!!! The recession is no joke!!

  • DizzyGuy

    See how God gets people back. That’s what he gets for dissing MJ…he ripped him apart and now its payback time.

  • MissChoklate

    Living beyond your means..hope he had fun when he was ballin..

  • Nique

    You cant give black ppl SHIT!! Damn Kat!

  • Kami All Day

    LOL…He didnt make a pimp decision! lol

  • Lies and Bullshit-aka-The Truth

    queer pimps, Lord, I’ve seen it all… he’s a lil big mouth punk. I’d kick his ass… he’s so annoying, uuuh

  • john hope franklin

    filing bankruptcy is pimpin’ pimpin’

  • Rrrrroe Ski Love-

    I don’t think that he’s actually broke (commanding $100,000) per show according to him. One thing for sure is that he dosn’t want to pay his bills, that’s why he is doing the bankrupcy thing. Typical Ghetto behavior from ignorant mofo’s like Katt. The judge just may deny him.

  • sammydaegg

    ok ok he was wrong about michael jackson but yall mofos act like yall wasnt making no micheal jackson jokes or laughing at them before he died kill it i know i was yea it was wrong but hell cant take it back sorry mike mut anyway that negro better come out of retirement or somthing

  • Treez

    @ all the crazy MJ fans

    MJ was not Jesus, he did not die for you sins, and listening to his records is not getting you into heaven. Please get some got damn sense!

  • AvaSpeaks

    I don’t understand all of these “celebs” that go into “retirement”. What happened to the days of old when you worked for a living, then retire.

    He ain’t been out long enough in the game as an A-List comic to be retiring. It’s too soon for that.

  • 303

    ummm , another one bit the dust
    that will teach em to spend their money
    wisely and think about their future

  • DizzyGuy

    @Treez what are you talking about??? Who said MJ was Jesus??? If its one thing I can’t stand is a n*gga who can’t understand a sentence.

  • http://bossip mybaad>> kelis in line @ babygap

    umm..

    jus because u file for bankrupcy doesnt mean ur broke. c’mon ppl.. remember Donald trump filed a few years ago.. did u c trump plaza apts closing or changing hands? nope!!!

    bankruptcy is the legal process in which a person or firm declares inability to pay debts

    A person or firm may be declared bankrupt under one of several chapters of the federal bankruptcy code: Chapter 7, which covers liquidation of the doubter’s assets; Chapter 11, which covers reorganization of bankrupt businesses; or Chapter 13, which covers work-outs of debts by individuals. Upon a court declaration of bankruptcy, a person or firm surrenders assets to a court-appointed trustee, and is relieved from the payment of previous debts.

    learn sumthing!!!!!

  • 303

    *** correction****
    _____________
    lmao – for yo
    __
    lmao for real yo

  • DATPHILYGIRL

    he act like he been in the business for 30 years…retire….what was he going to do after he retired….smdh

  • Treez

    @mybaad>> kelis in line @ babygap

    umm..

    jus because u file for bankrupcy doesnt mean ur broke. c’mon ppl.. remember Donald trump filed a few years ago.. did u c trump plaza apts closing or changing hands? nope!!!

    bankruptcy is the legal process in which a person or firm declares inability to pay debts

    A person or firm may be declared bankrupt under one of several chapters of the federal bankruptcy code: Chapter 7, which covers liquidation of the doubter’s assets; Chapter 11, which covers reorganization of bankrupt businesses; or Chapter 13, which covers work-outs of debts by individuals. Upon a court declaration of bankruptcy, a person or firm surrenders assets to a court-appointed trustee, and is relieved from the payment of previous debts.

    learn sumthing!!!!!
    _____________________

    Great post mybaad…how is the DMV treating you?

  • Malcolm Hex

    @Tiny’s Pig Nose

    Have you ever read anything in your life that wasn’t Vibe or Jet?

    @leah

    That was Dave Chappelle, not Chris.

  • MrLipps

    Katt if you licked Michael’s booty, you too could have gotten a good settlement like the white kid.

  • Its6amHoGetOut

    DRUGS!

  • Sepia830

    Katt Williams is to comedy what Tyler Perry is to film….and I don’t mean that in a good way.

  • lt

    Too bad. I suppose he wasn’t hustling enough. To me he was overrated.

  • http://bossip MoniSings

    Guns ‘n Butta

    Too bad. Must not have been paying attention to the books if he turned down 50 mili and then turned around and filed for bankruptcy.

    I remember an interview that LL Cool J had, and he said that it took him a long time to realize how much EDUCATION it took for him to learn to manage his finances. After he lost it all at one point, he began to teach himself about how to handle is fiscal business, and he was encouraging all of the brothas breaking out into the biz to do the same. Too bad these type of admonishments go unheard but everybody wants to listen to bullshyt about grills and Cristal, and spend their money on shyt that doesn’t even matter. SMDH

  • Doomster

    overrated, ignorant, feminine and permed.

  • http://www.lipstickalley.com/f15/pimpin-jacked-bossip-pimpin-aint-easy-katt-williams-files-bankruptcy-194587/#post4179113 Pimpin *jacked from Bossip* Pimpin’ Aint Easy: Katt Williams Files for Bankruptcy

    [...] [...]

  • Jamillah

    Pimp down, pimp down!

  • sepia830

    Those 50 adopted kids of his ought to beat his ass. At least Foster Care provides 3 square meals a day.

  • DONE!!!

    Hell, that’s a smart move. Arrange to get ya debts payoff so they’ll leave you the HELL alone!

  • 1 HATED ON

    All to the good!!! I bet majority of his me$$ came before fame. Way 2 shake it off & give da haters something to talk about!!!

  • Internets is Serious Business

    We know MJ was not Jesus. But he was Jesus-like in his love for people.

  • LEESA

    This is what happens when a pimp ain’t got no hoes…Pimp down! Pimp down!

  • nyob

    In this economy, I’m not surprised when anyone files for bankruptcy. However, if bankruptcy is retribution for talking about MJ, there will be a whole lot of folks in the bankruptcy line.

    MJ was a great entertainer but there were plenty of things he did that made folks go hmmmm, huh? and WTF when he was alive. Let’s not pretend there weren’t now that he is dead.

    I hope Katt gets back on his feet. He has kids to take care of.

  • http://deleted cece

    man he needs to go to rehab clean up and try this again…

  • Whateva

    Why do comedians have such dark lives? How could people who make so many people laugh lead lives of destruction?

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