Trick Daddy will always be regarded as a legend in the Miami hip-hop scene. He recently appeared on ‘Love and Hip-Hop Miami’ but is now dealing with some serious financial trouble.
According to The Blast, Trick is filing for bankruptcy as he listed $807,176.86 owed to creditors. Court documents state that it’s a Chapter 13 as it was originally filed on August 6. This is his fourth time filing for bankruptcy.
As far as what assets Trick his listing, they are his home in Miramar, FL which is worth $350,000, $1,500 in household items, and $150 in clothes. He is now at $0 in his checking account and his Trick & Rick Music Publishing company is now worth $5,000.
Things don’t stop there as he’s facing some pretty heavy debts. Trick owes $435,682 to Fannie Mae in regards to his Florida home, $12,000 to his local home owners association, $57,119 in back child support and $290,000 to the IRS. The exact amount he must pay in credit card debt isn’t listed.
Trick is listing his monthly income as $10,000 as his expenses total $2,921. This year, he says he’s made $50,000, $75,000 in 2018, and $7,500 for 2017. As of now, the bankruptcy is still pending.
Trick will definitely need the Love and Hip-Hop checks to start coming in again. A third season for Miami is on the way but it’s unclear if he will be back for it.
