Jay-Z promised to take care of his protégé Memphis Bleek for the rest of his life. Well apparently he hasn't been cause Memphis Bleek has filed for Chapter 13 bankruptcy, and he claims that he has just $100 in cash.
On March 14, The 38-year-old Bleek, gov't name Malik Cox, filed the paperwork in US Federal Court in New Jersey. Jay Z's protege told the court that his assets totaled just $274,190, and his liabilities total $384,804.91.
Here are the list of his assets:
- Keyport, N.J. home worth $250,000;
- a 2014 Chevy Impala worth $14,000;
- household goods worth $2,970;
- wedding rings for him and his wife worth $5,000;
- $2,000 in clothes;
- pictures worth $120;
And it gets even more sad. Bleek claims that he has $0 in his Chase business account, $100 in cash on hand and ownership of his company “Get Low Touring,” which is worth $0.
Bleek's liabilities include $335,000 owed on the N.J. home, $24,000 on the Chevy Impala, $9,000 owed to the IRS and $13,000 to Monmouth County Superior Court.