Trick Daddy Files For Bankruptcy
Miami rap vet Trick Daddy has filed for bankruptcy.
According to TMZ.com, the 41-year-old rapper (real name: Maurice Samuel Young) filed for Chapter 11 bankruptcy recently, listing $430,000 in assets and $645,000 in liabilities.
Here's how his debt breaks down: $34,837 in child support to one mother, $22,282 to another, $290,000 in back taxes and $280,000 for his first mortgage.
Despite his money issues, Trick Daddy says he still rakes in $14,500 a month, mostly from music publishing and club appearances. However, he says he doesn't live the typical rap lifestyle, claiming just $550 in clothes and jewelry.