I just wanted to post this to remind all of my fellow artist that this rap shit ain't easy.
Jacki-O Files For Bankruptcy; Shopping For Deal
By Nolan Strong
Date: 1/23/2006 5:23 pm
Miami rapper Jacki-O filed for Chapter 7 bankruptcy filing, listing assets of just $1,340, despite having a blossoming recording career.
The rapper listed debts of $144,225 and a monthly income under $900, a salary earned from shows and personal appearances.
According to her lawyer, the rapper's filing has effectively dissolved a five-album recording contract with Poe Boy Entertainment and TVT Records.
"Jacki-O is a tremendous artist and I think there will be a lot of interest in her," Jacki-O's attorney Richard Wolfe told AllHipHop.com. "We are waiting for the bankruptcy motion to be approved."
According to Wolfe, the rapper was given a small advance, but has never derived any royalties from sales of her debut album.
Wolfe, a Miami-based attorney, made headlines earlier this week when he annouced a lawsuit against 50 Cent over the hit single "In Da Club."
Jacki-O is currently working on a new single titled "Monkey," as well as material for a follow-up album titled Jack the Ripper.
Jacki-O had a minor hit with the single "Nookie," which led to the release of her album, Poe Little Rich Girl.
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2001 2002 2003 2004 2005 2006
Jacki-O Files For Bankruptcy; Shopping For Deal
By Nolan Strong
Date: 1/23/2006 5:23 pm
Miami rapper Jacki-O filed for Chapter 7 bankruptcy filing, listing assets of just $1,340, despite having a blossoming recording career.
The rapper listed debts of $144,225 and a monthly income under $900, a salary earned from shows and personal appearances.
According to her lawyer, the rapper's filing has effectively dissolved a five-album recording contract with Poe Boy Entertainment and TVT Records.
"Jacki-O is a tremendous artist and I think there will be a lot of interest in her," Jacki-O's attorney Richard Wolfe told AllHipHop.com. "We are waiting for the bankruptcy motion to be approved."
According to Wolfe, the rapper was given a small advance, but has never derived any royalties from sales of her debut album.
Wolfe, a Miami-based attorney, made headlines earlier this week when he annouced a lawsuit against 50 Cent over the hit single "In Da Club."
Jacki-O is currently working on a new single titled "Monkey," as well as material for a follow-up album titled Jack the Ripper.
Jacki-O had a minor hit with the single "Nookie," which led to the release of her album, Poe Little Rich Girl.
Submit News!
text news tips/pix: 6462706358
Month:
January February March April May June July August September October November December
Year:
2001 2002 2003 2004 2005 2006