Another Rapper Files For Bankruptcy – Memphis Bleek
By Ryan Velez
According to the filing, which was initially discovered by Bossip, the longtime friend and protege of Jay-Z listed his total assets at a value of $274,190, while his liabilities were at $384,804. Shockingly, he added that his Chase checking account was completely empty, and he had only $100 to his name.
Bleek’s assets are mostly tied into his home in Keyport, New Jersey, which is worth around $250,000, but he apparently owes $350,000 on it. While he owns $2,000 worth of clothes and a $14,000 Chevy Impala, he owes $24,000 on the Impala, as well as $9,000 to the IRS and $13,000 to the Monmouth County Superior Court.
In the filing, Bleek describes himself as self-employed as the manager of “Get Low Touring.” His total monthly income is listed at $5,911, with monthly expenses at $5,377. He also adds in the documents that his total yearly income was $15,747 for 2015 and $16,960 in 2016.
Rap fans may find this situation a bit ironic. In a past lyric on 2005’s Kanye West track Diamonds From Sierra Leone, Jay-Z rapped that:
“Bleek could be one hit away his whole career. As long as he’s alive, he’s a millionaire! And even if I die, he’s in my will somewhere, so he can just kick back and chill somewhere. Oh yeah, he don’t even have to write rhymes.” In a 2014 interview, Bleek actually expressed his disdain for the line.
“I don’t like that line ’cause that line put a stamp on my career. I feel people look at me as if Jay is just taking care of me. That line was basically, I guess, in his mind, a shoutout. But people take it literally and serious, like I’m just chilling somewhere [like] I’m not working. As you see, I’m here. I gotta work… My son don’t wanna hear Hov got us. He wants to know dad got us…Dad got it…He wanna be at dad’s tours. He don’t wanna be at Hov’s tours. He wanna be at dad’s tours,” Bleek explained.