Chris Brown struggling to pay again his $1.76 million debt

‘Beautiful People’ singer and popstar Chris Brown now faces having his residence repossessed and property seized by Metropolis Nationwide Financial institution as he fails to repay a 2018 mortgage he took out to spend money on the fast-food hen chain Popeyes.

Akin to different music business figures, in 2018, Brown determined to purchase two Popeyes places and spend money on the franchise. Nonetheless, following his mortgage from Metropolis Nationwide Financial institution, he has not been making the necessary funds. As such, the monetary institution just lately took him to court docket.

Because of not paying again the mortgage in full with curiosity, final 12 months, a California court docket ordered the singer to repay $22,140,901.74 in unpaid principal and curiosity. Nonetheless, after the six-month deadline, he has nonetheless not managed to search out all the cash essential to cowl this sum.

Because of the excellent debt, it has been reported by the California radio present The Neighborhood Speak and the journal Hollywood Unlocked that the court docket is now taking a look at Brown having his home repossessed and a number of other property seized. The court docket believes, collectively, they are going to be definitely worth the equal of his excellent debt. 

In keeping with experiences from Neighborhood Speak and  Hollywood Unlocked journal, Brown has 30 days left to make the payment of $1.76 million. If he doesn’t attain this tight deadline, the vocalist could also be in large bother.

In keeping with official court docket filings, the court docket will seize Brown’s property instantly with the doc studying, “This court may order that a writ of execution or other enforcement may issue. Your wages, money, and property could be taken without further warning from the court.”

Chris Brown’s fellow investor, The Dream, can also be on the hook alongside Brown. This is not Brown’s only legal case. Final 12 months, the vocalist was sued by music government Abe Diaw, who alleged that the ‘Run It’ act hit him within the face with a bottle of Don Julio 1942 tequila at TAPE membership in London.