master p bankrupt?

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phil

Sicc OG
#1
Apr 25, 2002
7,311
27
0
115
#1
i heard this on the radio yesterday? true or what? he was number 41 on the fortune 500 last year. what happened?
 
miggidy

miggidy

Sicc OG
#7
Jul 24, 2002
4,878
5
0
47
www.soundclick.com
#7
Not when he's got a new album droppin this year.
I do remember some bank suing him over a bank loan he never paid off. The law suit was real. And "rumors" said that he took the money to reinvent the "new" No Limit. This was just before Universal picked his label up after Priority.
 
CHRISHOGGALYPSE

CHRISHOGGALYPSE

Anti-Sicc OG
#8
Jul 21, 2002
8,158
665
0
42
Oklahoma
www.youtube.com
#8
I doubt he's broke, but it's wierd to see him poppin up with new shit all of the sudden, like his subwoofer line from bazooka, the new watches he has comin out (masterpiece), and his appearance on Dr. Phil, and his new album comin out.........makes me wonder a lil, but i doubt he's broke.
 
C

C-4

Sicc OG
#13
Apr 25, 2002
8,022
1,135
113
45
#13
I seen the bankruptcy forms on somewebsite, I don't know if he's really broke, but he did file for bankruptcy
 
O

og MS

Member since 1997
#14
Apr 25, 2002
5,533
100
63
50
www.killavalley.com
#14
when you're incorporated you can file bankruptcy on that company for a fee and move on ... Let's say he had No Limit Burgers INC. or LLC... it was suffering and he was in debt with it.. he could file and move right along...

I doubt he's broke.. shit they got a show on Nickelodeon which is supposedly one of the top shows on there right now...
 
GHP

GHP

Sicc OG
#18
Jul 21, 2002
16,280
852
113
45
#18
Hell naw he ain't broke, Hes got his hand in so much shit he ain't never gonna go broke. Even if his albums don't sell every where his style is still real big down in New Orleans and he probably gets royaltees out the ass from all the hits NL had back in the day.
 
GHP

GHP

Sicc OG
#19
Jul 21, 2002
16,280
852
113
45
#19
og MS said:
when you're incorporated you can file bankruptcy on that company for a fee and move on ... Let's say he had No Limit Burgers INC. or LLC... it was suffering and he was in debt with it.. he could file and move right along...

I doubt he's broke.. shit they got a show on Nickelodeon which is supposedly one of the top shows on there right now...
Click to expand...

yeah that shits true companies do that kind of shit all the time, they liquidate the assets and put that shit somewhere else
 
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