Da Brat Files for Bankruptcy | MyStreetz Magazine Da Brat Files for Bankruptcy – MyStreetz Magazine

Da Brat Files for Bankruptcy

Da Brat Files for Bankruptcy

Hold up; I thought she’s making lot of money for constantly featuting in Dupri’s Rap Game TV show. Well, I can’t make sense of this her being broke issue. There is still a little more than a month before Jermaine Dupri and his So So Def family reunite for The So So Def 25th Anniversary CULTURAL CURREN$Y Tour. But one family member is reportedly facing financial troubles.

According to reports from The Blast, Da Brat has filed for chapter 11 bankruptcy. The “Funkdafied” rapper has accumulated over $7 million in debt meanwhile, they claim her assets total $108,700.65.

Brat’s bank accounts suffered a big hit due to $6.4 million owed to Shayla Stevens. Stevens sued Brat after taking a bottle to the head at a nightclub. Adding to Brat’s financial woes, she also owes Sony Music more than $1 million. Furthermore, $12,000 is to Ally Bank. $2,284 is owed to her creditors as well as the Georgia Department of Revenue. An undisclosed amount is owed the IRS too.

In 2018, it is believed that she earned $75,000 thus far. Last year she brought home $106,000 and $92,000 the previous year.

Monthly expenses total $10,506.55, however she brings in $9,319, still she remains $1,187 in the negative every month. Da Brat can start pulling her self out of debt by liquidating her material assets including a 1999 Mercedes ($5k), a 2014 BMW 328i ($15k), and a 2016 Jeep Wrangler ($23k).

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