Quantcast

Q Parker of 112 Reportedly Files For Bankruptcy

Photo by Isaac Brekken/Getty Images for BET

112 definitely left their mark in R&B music. Having collaborated with incredible artists in Mase, Mobb Deep and Biggie, the group became a staple in the genre and have managed to deliver quality time and time again. With such a creative output in the music, artists must know it’s important to also pay attention to the business side of the industry.

According to Bossip, Q Parker of 112 has filed for bankruptcy after allegedly only having $1K left in his bank account. To make things worse, Q’s house is reported to be in foreclosure, ultimately leading to the bankruptcy claim.

The singer reportedly owes around $100K to $500K to a couple of loaners, without the actual money to pay it back. Now only that, he is said to owe $300,000 on his mortgage to SunTrust Bank, $35,000 to Santander Consumer USA, nearly $24,000 to the Navy Federal Credit Union and an undisclosed amount of child support and taxes.

Concert Calendar