« Bono to be newspaper editor for a day | Main | 88-Pounder Nicole Richie Admits To an Eating Problem »

Suge Knight: $137 million in Debt. $11 Bucks in the Bank

Posted by Fara Kearnes on May 5, 2006 3:06 PM |

Suge KnightDogged by $12 million in tax liens and other legal judgments, rap music mogul Marion "Suge" Knight claims he is down to just $11 in his checking account, according to a bankruptcy court filing.

Suge filed for Chapter 11 protection last month with the claim that his $4.4 million in assets is dwarfed by $137.4 million in debt. The Death Row records founder was hit with a $100 million judgment in a lawsuit brought by a woman who claims she was instrumental in the founding of Death Row company.

According to documents he filed, Suge has no monthly income and only $25,000 in bling and some clothing worth $1000.

He also lists monthly expenses of about $30,000, the majority of which ($24,700) is earmarked for "alimony, maintenance, and support paid to others."

While Knight's plight seems dire, his court filing lists as "unknown" the value of his interest in ten companies, including Death Row, Getto Records, and Blood Money Entertainment. The documents can be read at The Smoking Gun.



Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Please enter the security code you see here

June 2009
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30        

recent comments

[ #] Quamesha Briggs on Chris Brown partying with Khloe Kardashian? : Do you really love Rhriana because you should yall

[ #] Tereza on Rihanna and Chris Brown are Back Together : She stupid, a leopard never changes their spots..h

[ #] Oha henry on Snoop Dogg Joins Nation of Islam : I luv it kep it on dogydog

[ #] mari on Emma Roberts is the Girl Sleuth "Nancy Drew" : Can you please send me a mail? Youre so cool.I wis

[ #] Tha Real Mrs.Carter on Lil' Wayne Faces Lawsuit Over Throwing Away Money : Babe she done lost ha mind trin to sue you...... N

[ #] StephanyRose on Nicole Richie & Joel Madden Expecting Baby No. 2 : that is so cool i cant believe that Harlow is goin

[ #] Brianna on Details of Rhianna's Beat Down By Chris Brown Emerge : OOh WOW.! HALf OF yEW dNt MAkE SCENCE A gUy ShOULd

[ #] Marvin on Miley Cyrus 'Embarrassed' About Semi-Nude Pics : Ur?sexie dnt think just do ull live longer

[ #] bubz on Chris Brown Officially a Guest of LAPD After Assaulting Rihanna : hahahaha stupid bitch Rihanna shame give her anoth

[ #] SHANICE on Beyonce Says Jackson Family is Lower Class : MAN HAVING THAT UGLY BITCH OV YOZ CALLED JAY Z DOE


Use your favorite RSS reader to get the latest StarBlogs headlines!


webmasters info

The News of the StarBlogs.net in its place Copy-Paste directly the following line in the source of code of its page

Batanga.com Batanga Autos | BiggestStars | ElBlablabla | Farandulas | GrandesEstrellas | Gusanito | StarBlogs | VozPicante