Suge Knight Heads to Bankruptcy Court, Rap Mogul Claims He's Broke

[Walter Cronkite]

Death Row Records chief Marion "Suge" Knight appeared before a bankruptcy trustee yesterday (May 5) to answer questions for creditors.

The rap mogul, who says he doesn't own any cars or real estate, claims he has $11 in his Washington Mutual checking account as well as $25,000 worth of "personal jewelry," $1,000 worth of clothes and $2,000 worth of furniture, New York's Daily News reports.

Knight and Death Row filed for Chapter 11 in April to avoid a $107 million civil judgment he was ordered to pay to his ex-business associate Lydia Harris. Harris claims that she and her ex-husband, Michael Harris, helped build Death Row.

Knight's debts - totaling $137.4 million - include $11.3 million in federal income tax, $437,000 in state income tax, $9,300 to Nextel, $1,100 to Cingular Wireless and $15,000 on his Orchard Bank credit card, according to a 22-page filing.

Knight's biggest asset is listed as $4.4 million in music publishing and copyrights but a lien has been placed on the catalog by the Internal Revenue Service.

Source: allhiphop.com

[gono]

this is getting redundantly rediculus,which is alliteration

old fool get it through your thikkk skkkull, people want fast newz, im going to replace you know

and thats the way it is

[Dead AIM]

old fool get it through your thikkk skkkull, people want fast newz, im going to replace you know

and thats the way it is

Will you please go slit your writs?

Anyway...

It looks like Death Row is pretty much dead. Suge brought it on himself. He should of dropped that Crooked I album when he had the chance. That might of pumped some life back into tha row.

[gono]

doesnt death row have petey pablo and crokkked I? Marion should beat the shit out of dr gay.

and thats the way it is.