Miami Rapper Appears To Have Fallen On Hard Times
Trick Daddy has managed to save his South Florida home from a foreclosure auction by filing for bankruptcy on the day the home was set to be sold, BOSSIP has learned.
Trick – real name Maurice Young – filed for Chapter 13 bankruptcy last month on the same day that his house was supposed to be auctioned off to the highest bidder.
It is the third time in three years that the Miami rapper has filed for bankruptcy, with his other two being dismissed because of failure to make plan payments.
Trick listed his assets between $100,000 and $500,000 but said he owes between $500,001 and $1 million to various creditors.
Besides his house, which is worth $417,000, he has $2,500 in furniture, $150 in clothing and $400 in jewelry. The rapper said he has no cash on hand, in the bank, or in investments, but does own $10,000 in stock in the company Trick & Rick Music Publishing.
Among his debts are about $57,000 in back child support, $280,000 left on his home’s mortgage and $290,000 to the IRS.
Trick said he’s made just $17,000 so far this year, way down from the $75,000 he said he brought in the year before.
We reached out to Trick Daddy’s lawyer for comment.