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Rapper Da Brat’s $7.7 Million in Debt Leads Her to File Chapter 11

Submitted by jhartgen@abi.org on

Rapper Da Brat has recently filed for chapter 11 bankruptcy after amassing more than $7,700,000 in debt, the Atlanta Black Star reported. The “Dish Nation” host’s filing on Aug. 22, states she has a total of $108,700.65 in assets but has $7,782,249.57 in total liabilities. Da Brat, whose bankruptcy filing is still pending, has assets including a 1999 Mercedes 238i worth $5,000 a 2014 BMW 328i worth $15,000, and a 2016 Jeep Wrangler worth $23,000. Da Brat’s filing also includes also lists furniture and household goods listed at $8,000 worth, $3,000 in electronics and a treadmill and elliptical worth $2,000. The clothing she deems necessary for her career is valued at $20,0000. She also has three dogs worth no money and two necklaces valued at $15,000. There are also various music royalties with an undisclosed value. Among what she owes, the rapper has to fork over $12,000 to Ally Bank and $1,255,128 to Sony Music Entertainment, which is the parent company of her label So So Def. Da Brat also owes $2,284 to her credit card company and has $2,284 she needs to give to the Georgia Department of Revenue. On top of everything, she owes an untold amount to the IRS.