Is suge knight still broke?!
Question: Yes, he is very broke. He even filed for divorce and lost his company.
Here is the full story, even of his money:
http://en.wikipedia.org/wiki/Suge_Knight
On April 4, 2006, Suge Knight filed bankruptcy due to civil litigation against him in which Lydia Harris claimed to have been cheated out of a 50% stake in Death Row Records. Prior to filing, Knight had been ordered to pay $107 million to Harris. [3] Under questioning by creditors, he denied having money tucked away in foreign countries or in an African company that deals in diamonds and gold. Bankruptcy documents filed showed Knight had no income this year from employment or operation of a business. His bank account contained just $11, and he owned clothing worth $1,000, furniture and appliances valued at $2,000, and jewelry worth $25,000, according to the records. He had testified that the last time he checked the label’s financial records was at least 10 years ago. He filed for Chapter 11 bankruptcy protection, which allows a company to continue business operations while restructuring. Death Row is currently being operated by Neilson during the bankruptcy proceedings, while Knight oversees his bankruptcy estate as a debtor in possession.
Answers: Yes, he is very broke. He even filed for divorce and lost his company.
Here is the full story, even of his money:
http://en.wikipedia.org/wiki/Suge_Knight
On April 4, 2006, Suge Knight filed bankruptcy due to civil litigation against him in which Lydia Harris claimed to have been cheated out of a 50% stake in Death Row Records. Prior to filing, Knight had been ordered to pay $107 million to Harris. [3] Under questioning by creditors, he denied having money tucked away in foreign countries or in an African company that deals in diamonds and gold. Bankruptcy documents filed showed Knight had no income this year from employment or operation of a business. His bank account contained just $11, and he owned clothing worth $1,000, furniture and appliances valued at $2,000, and jewelry worth $25,000, according to the records. He had testified that the last time he checked the label’s financial records was at least 10 years ago. He filed for Chapter 11 bankruptcy protection, which allows a company to continue business operations while restructuring. Death Row is currently being operated by Neilson during the bankruptcy proceedings, while Knight oversees his bankruptcy estate as a debtor in possession.
and one more question.... how did he lose all the money after deathrow broke up? did he get sued?