Kelly might as well rent out a vacant lot in Struggle-Ville because the R&B singer has been taking lumps left and right.
Since R. Kelly has been charged with criminal sexual assault and arrested for back child support, it has become clear that he has been having financial hardships. Now evidence has surfaced that is confirming that Kelly is not too far from being broke. Kelly’s bank accounts were seized by a creditor, he was left with negative $13 in his account according to court documents.
According to court documents obtained by The Blast, Midwest Commercial Funding– Kelly’s ex-landlord– hit Sony Music Holdings, Inc. with a subpoena and got the music company to freeze $264,535 in Kelly’s biannual royalty account. This amount will reportedly pay off the $173,855.08 in back rent Midwest was still owed on a judgment, which was awarded to the company after Kelly stopped paying rent on his Chicago music studio.
Kelly did have two other accounts with Bank of America — holding $44,595.58 and $110,056.64, for a grand total of $154,527.22. However, everything but $625 was seized by his former landlord to settle a massive debt owed.
ASCAP — the American Society of Composers, Authors and Publishers, which collects money for artists — claims Kelly is not owed any money by them.
The docs were filed as part of the legal battle involving Kelly and his former Chicago landlord. The landlord sued Kelly accusing him of owing back rent.
The creditor is seeking an additional $50,000 from Sony to settle the debt for good.
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