112’s Q Parker Files For Bankruptcy, Home In Foreclosure (Exclusive)

- By Bossip Staff

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90s R&B Singer Says He’s Broke After 20 Years In The Music Industry

112’s Q Parker has filed for bankruptcy, claiming in court papers that he has just $1,000 in the bank, BOSSIP can reveal.

Just two days after his bandmaster of 20 years sued him for illegally using the “112” name to book shows and do business on behalf of the group, the “Peaches and Cream” crooner filed for Chapter 13 bankruptcy after his house went into foreclosure, according to court papers filed last months and obtained by BOSSIP.

Parker said he owes between $100,000 and $500,000 to less than 50 creditors. But he said he has assets in the same dollar range, including his foreclosed home in the Atlanta suburbs, a 2014 Audi worth $30,000 and electronics and furniture worth $2,500, according to Q’s bankruptcy filing, which was obtained by BOSSIP.

The home in question is a five bedroom four bathroom house in a housing development. The home went into foreclosure earlier this year, according to court records obtained by BOSSIP.

And his other major debts include nearly $300,000 on his mortgage to SunTrust Bank, $35,000 to Santander Consumer USA, nearly $24,000 to the Navy Federal Credit Union and unknown amounts of child support, state and federal taxes, his bankruptcy filing states.

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The former Bad Boy artist said that despite pulling in $6,000 a month, he spends $4,200, leaving him with a net income of $1,800. Q also revealed the state of his finances: he made just $9,000 in 2017, $60,000 in 2018 and $18,000 so far this year.

Q said he does get some income from his 112 royalties, but he said he has no idea how much he’s made on that. Q also said the bling he wears for live performances is “costume jewelry” and worth just $1,000, and he also owns $1,500 in clothing.

 

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