Saturday, October 6, 2012

Bow Wow In Financial Ruin


Bow Wow's finances have come to the forefront after being ordered to pay child support for his 1 year old daughter...



Bow Wow claims he is only making $4k a month and has a measly  $1k in the bank.

Nonetheless, the judge ordered Bow Wow to pay $3k a month in child support, and $11,500 in back child support. 

To make matters worse, creditors have also been hot on his heels for years ...

We just found some documents that show creditors have been chasing him for 3 years over a car.

Bow Wow leased a 2005 Ferrari F430 back in 2008. It didn't take long for the rapper to fall behind, because in February, 2009, the leasing company sued him and got a judgment for $216,084.

Since getting the judgment, the leasing company has been on the hunt for payment, using a collection agent to track down Bow Wow.

Mr. Wow never paid, and now with interest the judgment has swelled to $283,785.

Bow Wow told the custody judge he only had $1,500 in his bank account and leases a jeep.

Hopefully those '106th & Park' checks help out...

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