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Cardi B Goes After Tasha K’s Banks Amid Bankruptcy Declaration

August 31, 2023 by newhiphopnews

Cardi B has been embroiled in a legal battle against Tasha K as of late. Overall, this all stems from a defamation lawsuit that Cardi ended up winning. Consequently, it was revealed that Tasha K would owe Cardi a whopping $4 million. Although Cardi has gone to great lengths to garnish Tasha K’s wages and YouTube cheques, it hasn’t proven to be a fruitful endeavor. Moreover, the gossip blogger has filed for bankruptcy, which ultimately put an end to Cardi’s collection efforts.

If you remember Tasha K offered the artist a measly $220K settlement. Of course, the Invasion Of Privacy artist was not interested in such a low number. Especially when the court had already ruled heavily in her favor. With Tasha K trying to duck her payments to Cardi, the rapper is taking drastic measures to get what is owed to her. In a new report from Radar Online, it was revealed that she has sent a subpoena to five of Tasha’s banks. Overall, she just wants to get the full scope of her financial situation.

Cardi B Wants Her Money

The report also explains how she is looking for “all documents and communications received by or sent to third parties other than the Debtor, including but not limited to the Internal Revenue Service, regarding the Debtor’s finances employment, income, expenses, businesses or business interests.” Needless to say, Cardi is determined to get what she is owed. Whether or not these subpoenas lead to that, still remains to be seen.

The Cardi Vs. Tasha K saga has been ongoing for a very long time at this point. It’s conclusion could still be a long way away. Let us know what you think of all this, in the comments section below. Additionally, stay tuned to HNHH for more news and updates from around the music world. We will always be sure to keep you informed.

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Tasha K Maintains That She “Does Not Have The Ability” To Pay Cardi B In Court

August 4, 2023 by newhiphopnews

Tasha K has a tough road ahead of her when it comes to her lost defamation lawsuit from Cardi B. With a $4 million payout, the blogger filed for bankruptcy as the rapper tried to audit her income to see how she could pay damages, while Tasha wants to work out a payment plan. Moreover, during a hearing in bankruptcy court as reported by Radar Online, Tasha claimed that she “does not have the ability” to pay Cardi the $4 million. Of course, many different factors could contribute to this inability, considering her income as a social media content creator. Another important aspect that hinders her pockets are her outstanding tax debts to the IRS, with separate debts of $150,000 and $30,000.

Furthermore, Tasha K filed for bankruptcy back in May, a month after a judge ruled that Cardi B could seize her property in her debt collection. At the moment, it’s unclear how much more Tasha owes her, considering that Cardi already took some of her YouTube checks. Regardless, Tasha filed with $95 in her checking account, and recently claimed her assets total around $59,000. This includes a $47,000 Chevy Silverado with a $53,000 financing lien and other assets totaling $12,000.

Cardi B At Paris Fashion Week

Tasha K Cant Pay Cardi B Defamation 4 Million — PARIS, FRANCE – JULY 06: Cardi B. attends the Fendi Haute Couture Fall/Winter 2023/2024 show as part of Paris Fashion Week on July 06, 2023 in Paris, France. (Photo by Marc Piasecki/WireImage/Getty Images)

Still, this story also saw some turns as a result of Tasha K’s bankruptcy, with Cardi B pausing debt collection soon after she filed. However, it seems like things aren’t so amicable anymore considering the Bronx MC’s audit of the blogger. All this is also made more contentious and spicy by the incredibly sarcastic and backhanded apology that Tasha recently gave to Bardi stans online. It didn’t help her ongoing legal battle, but once that wraps up, we’re sure that the social media war will probably continue just as it always has.

“I’m so sorry for distracting yall queen!” she wrote on Instagram. “Between me & the surgeons we owe y’all a huge apology. Atlantic refuses to give her any money to produce a second album because they took such a loss on her first album that she is now stating to promote 6 years later. Again, I’m so sorry. It’s all my fault.” For more news and the latest updates on Cardi B and Tasha K, stay up to date on HNHH.

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Cardi B Will Pause $3M+ Debt Collection From Tasha K After YouTuber Files For Bankruptcy

June 3, 2023 by newhiphopnews

Despite her best efforts, it seems as though Cardi B won’t be getting her money from Tasha K anytime soon. Since winning her defamation lawsuit against the embattled YouTuber, the mother of two has been awaiting her nearly $4M payment. Naturally, Tasha has done everything possible to avoid admitting defeat. Since her motion for a new trial was rejected, the internet personality has no choice but to pay up. Unfortunately, she’s come up empty-handed, causing Cardi to take drastic measures.

A few weeks back, the Grammy Award winner began collecting Tasha’s YouTube and Google ad checks herself. This brought in a few thousand dollars to knock off the top. Her most recent payment was for just $640, proving that it’s going to be quite some time before she’s out of debt. Earlier this week, Tasha – born Latasha Kebe – filed for bankruptcy. Forms reveal she had no more than $95 in her Chase account at the time. As Radar Online reports, a judge has ordered that the New York-born artist stand down on efforts to collect her money while the woman who defamed her straightens out her situation.

Cardi B Doesn’t Play About Her Money

Cardi B attends The Big Game Weekend on February 2, 2020, in Miami, Florida. (Photo by Prince Williams/Wireimage)

Kebe filed for Chapter 11. This puts all “pending legal matters on hold” until the bankruptcy is dissolved, the presiding judge noted. Within the documents, she declared that her assets are worth an estimated $50 – $100K, while her liabilities come between $1 – $10M. Among her most valuable possessions are a 2021 Chevrolet Silverado, $6K worth of jewellery, and a few thousand dollars worth of clothing and purses, including two Louis Vuitton bags.

Aside from the large payment the rap diva is waiting for, Kebe also has $53K to pay on her car, an undetermined amount to the IRS, credit card bills amounting in thousands, and unpaid legal fees. How long do you think it’ll take Tasha K to pay back Cardi B the $3M she’s still owed? Let us know in the comments, and check back later for more hip-hop/pop culture news updates.

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Tasha K Files For Bankruptcy As Cardi B Awaits Over $3M In Defamation Payment Debt

May 26, 2023 by newhiphopnews

When it comes to her money, Cardi B doesn’t play. The Grammy Award-winner is once again proving this after winning her defamation lawsuit against Tasha K. A month ago it was first reported that the YouTuber’s social media checks are being seized by Bardi. She’s presently awaiting the remainder of her nearly $4 million payment. The mother of two first received upwards of $10K from Tasha’s ad revenue. Shortly after that, she reportedly took home another $640. While still nice to receive, they’re hardly making a dent in the massive amount still owed.

Late on Thursday (May 25), @theneighborhoodtalk exclusively reported that the embattled internet star has filed for Chapter 11 bankruptcy as of yesterday. “A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time,” the outlet explained. “The plans are designed to keep the business operational during and following the bankruptcy process.” When filling out these applications, a list of assets must be submitted. This information revealed that Tasha K has just $95 in her Chase account at this time.

Cardi B Leaves Tasha K Broke After Winning Lawsuit

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Her personal belongings (purses, cars, clothing, her engagement ring, and business-related properties) are reportedly worth $58,595.56. At this time, Tasha K is not being evicted from her home. Nevertheless, Cardi has explored options around seizing her enemies’ property in the past. It remains unclear if the YouTuber has a clear plan in place, or any idea when she’ll be out of debt, but the road ahead of her certainly seems like a long one.

After Cardi B was declared victorious against her last October, Tasha K attempted to appeal the judgement. The rap diva’s legal team promptly urged that it be thrown out, but the 41-year-old continued to plead for another trial. Ultimately, the judge took the side of the New Yorker, who was left traumatized after Tasha falsely claimed she had an STI, among other damaging comments. Make sure to check back in later for any updates on the case and your other favourite celebrities.

Read More: Cardi B Turns Heads In Colourful Catsuit

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Is The Black Lives Matter Organization Going Bankrupt?

May 25, 2023 by newhiphopnews

Several reports have confirmed that Black Lives Matter’s investment accounts lost over $10 million in value, forcing them to report a very significant loss. BLM, a non-profit organization, had a 88% drop in public donations and experienced an $11.75 million drop in net assets.

The nonprofit’s latest Form 990 shows that a loss of just over $961,000 was logged on a securities sale of $172,000. The disclosures suggest a year of missteps for the foundation, as well as a dramatic drop in donations

In 2021, Patrisse Cullors resigned from her position as executive director due to allegations that her and her team were pocketing donations. Now, the organization’s executive board is being head by Cicley Gay, a philanthropic strategist who has filed for bankruptcy seven times since 2005.

The Black Lives Matter Global Network Foundation (BLMGNF) was started by organizers of the Black Lives Matter movement, which first emerged in 2013 following the acquittal of George Zimmerman in the killing of 17-year-old Trayvon Martin.

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