Miami hip-hop legend, Trick Daddy, has reportedly filed for bankruptcy.
The Blast obtained court documents that claim Trick Daddy owes more than $800,000 to creditors. Yet, he reportedly has $0 in his checking account and only $150 worth of clothes. His home in Miramar, Florida is worth $350,000 and filled with household items that amount to just $1,500. The stake he has in his company, Trick & Rick Music Publishing, is only worth $5,000. As a result, the rapper was forced to file for Chapter 13 bankruptcy on Aug. 6.
Most of Trick Daddy's debt is related to his home. The rapper owes $435,682 to his mortage company Fannie Mae and $12,000 to his homeowner's association. He also owes $290,000 to the IRS and $57,119 in back child support. To make matter's worse, Trick lists that he owes an unknown amount in credit card debt.
This isn't the first time Trick Daddy has filed for bankruptcy. Per the documents, Trick has tried to file bankruptcy three other times, but the cases were dismissed before his debt was depleted. The most recent was in May of 2017. Bossip claims the rapper put in the paperwork for bankruptcy in an effort to save his home from foreclosure.
