Master P's No Limit filing for bankruptcy

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Posted by shelzyp
He will lose any money he has invested in the corp.
It means nothing if it gfoes out of business, he just loses his investment.
The only reason there is a big fuss, is becasue the media needs something to talk about, since the nabet story is getting old.
Bankruptcy will not preclude him form paying the IRS though, he will ahve to pay the fine, but won't hav to pay off the other debts.
Also he might have jail time fro not filing the return.

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Shelzyp I feel so enlightened. That is still alot of money though. that label was his bread and butter, expect for his flourishing basketball career. Well at least Lil Romeo has a show on Nick so he can keep his benz

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Posted by NYCHICK

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Posted by MarcellaBella

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Posted by NYCHICK

I have my sources

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seriously, you're like anti-celeb

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Not at all I just think alot people don't have an accurate knowlege of the music bizz really entails, and I mean business, it is hairy But Celine Dion, I love her talent and her business is STRONG

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that it very true!!! I can't stand her new chicken hair-do lol

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Posted by dgtlsunshine
You have to be careful with MTV cribs. My best friend works in the music business and she inform me that sometimes the houses they show do not belong to the stars

.

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Thank goodness you are here to back me up, I said that in my other post.

Too bad - I guess he will have to sell some of the OIL paintings of himslef... Or maybe melt some of the 24k gold from his ceilings!!!!!!!!!

SO DUMB!!!!!!

Near far wherever you are...the heart does go on

hey!! no making fun of celine, she is one of my favorites. You know all that money she is making in Vegas is tax-deferred. that wench is LOADED Her husband keeps her finances kosher. Damn that is alot of money that uncle same doesn't get to see.

ok well even though she is one of my faves even i have to admit that she does look mighty jacked up in that pic.

but I STILL LOVE YOU CELINE...*jumping up and down*...lol

She looks like she's channelling Marlena Dietrich.

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Posted by MarcellaBella

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What's up David Bowie

LOL

Yall betta leave Celine, there is an entire country called Jamaica that loves this woman, that is where I found out about her first, all the mini vans, everyone was just running her songs. I do not like her with the blond hair at all.

Why is she tax exempt?? is it b/c she's Canadian?? she is on American soil working, hey if I have to pay, she should too

She is tax exempt because her husband is all over her finances like white on rice. He should teach a class for the hip hop artists. He is phenomenal. She knows why she loves her 'old man'. You just gotta have lawyers who know how to stiff Uncle Sam legally. Renee is the man

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Posted by larryswife2be

Didn't MCHammer file as well? What is the problem? I wish they would get it together.

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Yes apparently 'He ' can't touch this

His money that is

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Posted by Stacey1403

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Posted by larryswife2be

Didn't MCHammer file as well? What is the problem? I wish they would get it together.

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Yes apparently 'He ' can't touch this

His money that is

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STACEY! lol

STOP!

Hammer time

Please Hammer don't hurt em'