Today's Message: Never Stagnate

and pay your damn bills!!!!!

http://www.nydailynews.com/front/story/415082p-350681c.html

LOS ANGELES - It's hard out here for a ... rap music mogul.Death Row Records chief Marion (Suge) Knight claims he's down to $11 in the bank and a little bling in his jewelry box while he owes $137.4 million in debts, according to bankruptcy court papers obtained by the Daily News.
Knight and his record company filed for Chapter 11 last month in a bid to dodge a $107 million civil judgment he was ordered to pay to ex-business associate Lydia Harris, who claims she and her ex-husband, Michael Harris, helped build the rap empire.

In a 22-page filing, Knight says his debts include $11.3 million in federal income tax, $437,000 in state income tax, $9,300 to Nextel, $1,100 to Cingular Wireless and $15,000 on his Orchard Bank credit card.

But the hefty rap honcho claims he owns no cars or real estate and has just $11 in his Washington Mutual checking account, $25,000 worth of "personal jewelry," $1,000 worth of clothes and $2,000 worth of furniture.

Knight is scheduled to appear today before a bankruptcy trustee to face a grilling by his creditors.

Knight listed his biggest asset as $4.4million in music publishing and copyrights, on which the Internal Revenue Service has placed a lien.

He listed the value of his record and other companies, including Death Row Records, as "unknown."