Kanye West May Be BROKE … Puts Liens On ALL His Property!!

Kanye West seems to be going through a fairly severe money crunch. Media Take Out confirmed that the rapper has positioned a number of belongings on the road for the sake of his clothes firm Yeezy LLC.

The 46-year-old rapper is placing up a lot of his belongings as collateral for a mysterious monetary offers.

Yeezy LLC – the clothes umbrella owned by Kanye – entered into an settlement with logistics agency 1981 Distribution earlier this month.

The 1981 Distribution agency focuses on distributing and warehouse amenities for e-commerce and it seems the agency is dealing with Yeezy’s inventory and transport.

However the firm wanted “collateral” to enter into the distribution deal. And so they seemed to Kanye’s private belongings – a really uncommon step.

As collateral for this deal, Kanye put up two luxurious motors, his YZY Hole Attire vary, “various storage archive items” and “Stem Player designed by Teenage Engineering,”

The lien paperwork, which have been filed in court docket, revealed a sequence of loans Kanye has been tied up in courting again to 2015 – which used his Wyoming dwelling as collateral additionally.

In a cope with CGB Agri Monetary Companies, which lends cash and leases agricultural equipment.

If the mortgage isn’t repaid, then the collateral consists of all “irrigation equipment of every kind and nature, including but not limited to center irrigation pivots, pumps, PVC pipe, sprinklers and motors.”

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