Petey Pablo Files for Bankruptcy, Again [PHOTO]
Petey Pablo has filed for bankruptcy, again. Despite his cameo on this season of Fox's hit show, Empire, you probably haven't heard much about the North Carolina since he hasn't had a musical hit in over a decade. And it seems as though his pockets haven't seen much love since then either.
According to Bossip, the “Freek-a-Leek” rapper has filed for bankruptcy twice before, and earlier this month he filed again for Chapter 13 bankruptcy in North Carolina.
Although Petey Pablo, whose real name is Moses Barrett, hasn't filed his exact debts and assets for this case yet, he reportedly has less than $50,000 in assets in his name, and liabilities in the same range. The IRS, Planet Fitness, Enterprise and Ford Motor Credit are among the creditors named in his bankruptcy case.
According to documents filed in his previous bankruptcy in 2009, his liabilities were close to $850,000, and his assets were only around $560,000. But his prior attempts to file for bankruptcy were dismissed due to failed repayment plans, leaving him neck-deep in debt.
All this is coming just after what seemed to be something like a comeback, considering after filing for bankruptcy the second time in 2009, he was sent to federal prison for 35 months for attempting to carry a stolen firearm onto an airplane back in 2010. He was released in 2014 and after his cameo on Empire, he's continued to work with the show by helping write songs for Terrance Howard's character, Lucious Lyon, that are featured on the soundtrack.
You can read Petey Pablo's bankruptcy papers at Bossip.com.