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Liabilities

Lil Kim In Foreclosure Again?!

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It’s the new gift that keeps on giving, and Lil Kim has received it twice: foreclosure. Her New Jersey home is currently in pre-foreclosure status. Rhymes with Snitch reports that the home is only valued at $250,000. Meanwhile her bank loan is for an estimated $1.5 million!!!  Now we’re no math gurus, but it doesn’t [...]

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Jermaine Dupri’s Atlanta Mansion Averts Foreclosure

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Money these days equal cars, jewelry, flashy toys, strip club allowances, and maybe a rented roof over your head if enough money is remaining. Taxes are totally optional. Apparently, this is the order of priorities in the world of the hardly wealthy. Rarely will you hear the story of the artist with an unpaid tab [...]

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Birdman Hands over 8 Mil for a Car

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Baby has long had his eyes on the Maybach Exelero. This car commands an $8 million dollar pricetag and is one-of-a-kind. Despite these unique attributes, we doubt the record label exec can even make a list of the 10 things that make this car worth $8 million dollars. Nonetheless, the deal occurred, and Baby comes out [...]

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Prince’s Minnesota Home in Foreclosure?

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Prince may be embarking on a legendary mega tour at The Forum stadium in L.A., but he’s also potentially embarking on rocky financial terrain. Just days ago, various news sources reported that the singer was so behind on his mortgage payments that his home was set to be auctioned off on May 13. Now, Star [...]

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50 Cent’s 52 Room Mansion up for Sale Again

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Curtis Jackson, 50 Cent, is once again attempting to sell his mansion located in Farmington, Connecticut. The 52 room mansion was bought back in 2003 from Mike Tyson for $4.1 million. According to Courant, the asking price began at $18.5 million and has now dropped to an all-time low of $9.9 million. There are many [...]

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50 Cent May Be in Violation with the SEC for Penny Stock

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50 Cent made news last week for pairing up with penny stock company H&H Imports. Penny stocks are stocks that usually trade below a dollar and are primarily traded through the OTCBB and Pink Sheets system. They’re extremely volatile and and regularly manipulated by the companies themselves by paying stock advisors to promote the stock. [...]

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Eva Longoria’s Restaurant Is Facing Bankruptcy

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Eva Longoria has hit a rough spot in her life. In addition to an impending divorce, she is currently dealing with Besos, her restaurant, going bankrupt. The restaurant served as a steakhouse and a nightclub. Despite earning substantial revenue, the company was experiencing a monthly loss. E! Online reports : Beso, a Sin City hotspot [...]

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Rapper Xzibit is Broke and Blaming Pimp My Ride

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West Coast Rapper and former “Pimp My Ride” host Xzibit has been facing financial difficulties for quite some time now. So, his bankruptcies and IRS problems aren’t what’s surprising. It’s what he blames it on that has left us utterly speechless. Detroit News gives us the details: Former “Pimp My Ride” host Xzibit, a double-threat [...]

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