Rapper Jacki-O Files For Bankruptcy
Female rapper JACKI-O has filed for bankruptcy, despite enjoying a successful recording career.
The Miami-based hip-hop star claims her assets only amount to $1,340 (GBP744), with a monthly income amounting to less than $900 (GBP500), while her debts stand at $144,225 (GBP80,125).
According to her lawyer RICHARD WOLFE, the filing has dissolved a five-album contract with Poe Boy Entertainment and TVT Records.
He tells AllHipHop.com, "Jacki-O is a tremendous artist and I think there will be a lot of interest in her. We are waiting for the bankruptcy motion to be approved."