Could Bow Wow Be Broke?
Posted by Jeffrey Harris on 10.06.2012
Bow Wow is having creditor and custody issues...
TMZ reports that Bow Wow told a child custody judge this week that he only pulls $4,000 a month.
He then announced hours later that he's becoming the host of 106 & Park and TMZ also found documents he showed creditors that have been chasing him for 3 years over a car.
Bow Wow leased a 2005 Ferrari F430 in 2008. However the rapper fell behind after that. In February 2009, a leasing company sued him and he got a judgement for $216,084.75 The leasing company has been on the hunt for payments on the car and they are using a collection agent to track Bow Wow down. He reportedly never paid the judgement that is now up to $283,785.
Bow Wow told the custody judge that he currently only has $1,500 in his bank account and is leasing a jeep.
