Petey Pablo, the Freek-a-Leek rapper, previously declared bankruptcy twice in 2009, and earlier this month (April 16), he filed for chapter 13 in North Carolina, according to contactmusic.com today. Petey, whose real name is Moses Barrett, has less than $50,000 in assets and liabilities around the same amount. Among the creditors listed in the papers are the Internal Revenue Service, Planet Fitness, Enterprise and Ford Motor Credit. When Petey first filed for bankruptcy in 2009, his liabilities were around $850,000, with his assets worth $560,000. Those two bankruptcy attempts were dismissed due to failed repayment plans. The filing comes two years after Petey was released from jail following a three-year sentence for trying to smuggle a gun through an airport.
