According to reports, Bleek filed away his money woes a few months ago.
Jay-Z’s protégé Memphis Bleek is drowning in debt and has filed for Chapter 13 bankruptcy after revealing he has just $100 in cash, BOSSIP has learned. The rapper, whose real name is Malik Cox, filed the petition on March 14th in US Federal Court in New Jersey. Bleek said he has assets in the amount of $274,190, but his liabilities total $384,804.91. (Bossip)
Back in January, Memphis talked about his music biz absence and not wanting to force out an album.
“I’m just not passionate about an album. I don’t think nobody buy albums. Nobody cares about albums. Music don’t last that long no more to really drop an album anymore. An album lasts about a week now. Then the next day they on somebody’s new single on the Internet. Your album is forgotten about. I make records all the time. I got a whole stash of records. That’s why I’m getting back into the groove of dropping records.” (“The Breakfast Club”)
Last year, Bleek talked about Jay Z launching his Tidal music streaming service.
“I’m not familiar with none of these streaming sites. I’m new to all of ‘em. TIDAL, to me, is worth it. I pay my $10 subscription as well. It ain’t like I got the free account and, on my app. I have every album I didn’t even ask for. I can listen to any album that just was released. I got over 50 new albums if they dropped today, they all on my phone right now.” (Shade 45)
Despite not being big on the music streaming game, Bleek previously said he had to support his longtime mentor’s new service.
“I really don’t know too much about the Internet world. I’m brand new to it myself. I don’t have Pandora and I don’t have Spotify, but you know that I’ve got Tidal because I’m riding for my crew. I think, because Jay Z’s behind it, the expectations are high. When you’re associated with greatness, people expect everything that you do to happen overnight. Sometimes greatness takes time, even when you’re Jay Z.” (Complex)