EXCLUSIVE: Trick Daddy – Strikes Out Again in 2nd Bankruptcy, Judge Throws Out Case After Rapper Failed to Make Debt Payments
Trick Daddy struck out once again with his attempt at bankruptcy. The Dirty can exclusively report a federal court judge threw out his 2nd attempt at fixing his finances … due to the rapper allegedly blowing off the payment plan for his massive amount of debt.
The rapper originally filed for bankruptcy in 2015, claiming he had $430,420 in assets but a total of $644,613 in liabilities. However, the judge threw out the case shortly after leaving him on the hook for his debt with protection from the court. This was a problem due to the bank suing him for foreclosure of his Florida home.
The bank accused Trick Daddy of not making his mortgage payments since January 2014. They demanded the $169,621.56 owed and for him to vacate the pad for it to be sold off at auction. The home was scheduled to hit the auction block but it was cancelled after he filed for bankruptcy a 2nd time months later … which put the foreclosure lawsuit on pause.
The court documents revealed the rapper owed $57k in back child support, $290k in tax debt and $280k on his Florida home. The rapper agreed to a payment plan to work out his debt with creditors. However, the plan didn’t work out with the rapper falling behind on his payments to the tune of $25,706.68.
The trustee presiding over the case warned if he didn’t cough up the money by January 6th, the bankruptcy would be dismissed and he would be stuck dealing with his creditors alone.
Then this week, the Federal Court judge came back and threw out Trick Daddy’s bankruptcy due to his non-compliance. He ordered the rapper will not be allowed to file for bankruptcy for another 180 days and he is on the hook for his massive debts without any help from the court … which means his Florida pad may be at risk for foreclosure once again