Rapper Says He Has Just $100 In Cash
Jay-Z’s protégé Memphis Bleek is drowning in debt and has filed for Chapter 13 bankruptcy after revealing he has just $100 in cash, BOSSIP has learned.
The rapper, whose real name is Malik Cox, filed the petition on March 14th in US Federal Court in New Jersey. Bleek said he has assets in the amount of $274,190, but his liabilities total $384,804.91.
The 38-year-old said his valuables include his Keyport, NJ home, which is worth $250,000, a 2014 Chevy Impala valued at $14,000, $2,970 in household goods, $120 in pictures and books. He said he has $0 in his Chase business account, $100 in cash on hand and ownership of his company “Get Low Touring,” which is worth $0.
Bleek said the only jewelry he owns is he and his wife’s $5,000 wedding rings, and owns $2,000 in clothes.
But rapper’s liabilities include $335,000 owed on the NJ home, $24,000 on the Chevy Impala, $9,000 owed to the IRS and $13,000 to Monmouth County Superior Court.