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

Second Circuit Upholds Dismissal of an ‘Involuntary’ in a Two-Party Dispute
Tampa Judge Considers Casey Anthony Bankruptcy Case
Long after Casey Anthony was acquitted for killing her daughter Caylee, the infamous defendant is still dealing with the fallout from her trial, Fox35Orlando.com reported. In a Tampa federal courtroom yesterday, Casey Anthony was back on the docket. Years ago, she filed for bankruptcy here. Now, she’s being sued by meter-reader Roy Kronk. Kronk discovered Caylee's body in a wooded area near the Anthony home. During the trial, Anthony’s defense team created a cloud of suspicion around Kronk suggesting he was the real killer. Now, Kronk's attorney Howard Marks says Anthony’s actions were willful and malicious — and she needs pay up. “This bankruptcy has wiped out any claim that anybody could have possibly had against her. Except Roy Kronk was the last man standing and we are trying to hold her accountable for her actions," said Marks. However, Anthony’s attorney David Schrader says his client should not be held responsible for the action of her attorneys. Besides, he adds, she's broke. Kronk's attorney now wants a federal judge in Tampa to allow a defamation lawsuit to go forward in Orlando. If Kronk wins that battle, he could force Casey Anthony to do something she never did in her criminal trial — testify in front of a jury. The judge is asking for more written arguments and could rule in two months.