According to The Blast, Da Brat has filed for Chapter 11 bankruptcy after falling $7 million in debt. She reportedly has $108,700.65 in assets and her liabilities total $7,782,249.57.
Included in her liabilities is a $6.4 million judgment to former cheerleader Shayla Stevens, who Da Brat hit in the face with a bottle in a nightclub in 2000. In addition, Da Brat owes $1,255,128 to Sony Music and $12,000 to Ally Bank. She also listed $2,284 in credit card debt, $2,284 owed to the Georgia Department of Revenue, and an unknown amount to the IRS.
She has reportedly made $75,000 so far this year, $106,000 in 2017 and $92,000 in 2016. Her monthly expenses total $10,506.55, but she brings in $9,319, leaving her $1,187 in the negative every month.
DeRon Beasley is the founder and Editor-in-Chief of FreshAsFrankie.com. After starting out as a musician-producer he went on to study the music business and work in Urban Promotions, followed by artist management. Mr. Beasley entrepreneurial spirit has led him to launch numerous businesses in music and fashion marketing. He’s a huge fan of the ’80s and ’90s Hip Hop and R&B, and he’s a firm believer that Hip Hop Music will never die.