Singer Filed For Bankruptcy Last Year
The lead singer of 90s R&B group 112 has opened up about his money woes.
Slim filed for bankruptcy three times since 2013, explaining in court papers that the $5,600 a month he brings in every month wasn’t enough to for his day-to-day living and cover his more than $300,000 in debt from mortgages, back taxes and back child support.
But the 40-year-old crooner – who this weekend began a comeback tour with Puff Daddy & The Family – doesn’t want your pity, and said his lavish lifestyle and the soured housing market was to blame.
“You can’t feel guilty for me,” Slim, real name Marvin Scandrick told us.
“I had multiple properties,” he said. “I was staying in Bal Harbor (Florida)… and anyone who knows anything about Bal Harbor, it’s like Millionaire’s Row. My condo cost about $4,000 a month.”
He added: “I had a property here in Atlanta, (and) when the recession went down, I was trying to sell the house. They wanted to give me a third of what it was worth. So I couldn’t sell the house. You still have two mortgages. So what I did was left that condo in Bal Harbor and went back to Atlanta. And now I’m refueled and things are good.”
Slim took the stage with 112 over the weekend for a pitch-perfect performance as part of the Puff Daddy & The Family Bad Boy Reunion concert at the Barclays Center in Brooklyn.