Bankrupt Star Set To Lose Georgia Townhouse
When Slim from 112 comes home from being on tour, he may not have a home to go back to.
112’s lead singer will lose his home at a sheriff’s auction this spring, Bossip has learned.
The 40-year-old singer, who sold more than 20 million records with 112, will have his Stockbridge, Ga. home auctioned off at a sheriff’s sale April 7, an official from RCO Legal, which is handling sale, confirmed to Bossip.
Slim, real name Marvin Scandrick III, paid nearly $300,000 for the townhouse in 2001, but owes $272,000 on one mortgage, and $32,000 on another, according to his bankruptcy filing.
The broke star’s loss comes as a Georgia judge last week voided his bankruptcy filing, paving the way for creditors to take him to the cleaners. 112’s lead singer had his bankruptcy dismissed because he only paid $1,568 of the more than $6,000 in bankruptcy plan payments that he owed, court records show.
That means the former Bad Boy artist is back on the hook for other debts, like $10,350 in back taxes and $2,500 in monthly child support payments for his three teenage sons.
The destitute singer quietly filed for bankruptcy last summer, citing his Stockbridge, Ga. townhouse as his only major asset.
With Slim in desperate need of dollars, 112 have been on tour for the last few weeks.
We’ve reached out to Slim for comment.