No Limit Records Quietly Files Bankruptcy

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Smitty

Smitty

Sicc OG
#5
May 4, 2002
3,312
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0
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#5
Master P didn't file for bankrupcy, his record company did. P still has lots of money, and he already has the New No Limit, so he's doing fine for himself.
 
M

marcus

Sicc OG
#6
Dec 20, 2003
951
0
0
#6
I think he did it to clear his name from any previous artists or producers he had dealt with or that were on the label, that way he couldn't be tied to anything with No Limit Records.
 
G

Gordon Gekko

Sicc OG
#7
May 15, 2002
4,689
15
38
#7
lol...yall some haters for real huh? Yall really wanna see this man fail? But anyway...that man aint bankrupt. He got in some trouble with the IRS about No Limit Records. Everybody and they mama know that if u wanna keep the IRS from takin too much, u file for bankrupty. That man is still worth well over 400 million. So yall haters can calm down, yall gettin excited for nothin.
 
Red Ryda 916

Red Ryda 916

Lakota Sioux
#8
Jun 12, 2004
1,832
1,981
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South Sac/Wounded Knee
#8
Mista Sinista said:
lol...yall some haters for real huh? Yall really wanna see this man fail? But anyway...that man aint bankrupt. He got in some trouble with the IRS about No Limit Records. Everybody and they mama know that if u wanna keep the IRS from takin too much, u file for bankrupty. That man is still worth well over 400 million. So yall haters can calm down, yall gettin excited for nothin.
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I REALLY COULD GIVE A FUCK LESS IF HE WENT BANKRUPT OR NOT, TO ME HIS MUSIC BEEN GARBAGE FOR A LONG TIME NOW, IT REALLY HAS NUTHIN' TO DO WITH HIS FINANCIAL STATUS.
SO EITHER WAY,FUCK MASTER P!!!!!
 
Ry

Ry

Sicc OG
#13
Apr 25, 2002
6,425
633
113
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#13
  • Ry

    Ry

I dont know about yall, but if someone owed be a chunk of change and then filed for bankruptcy to get out of paying me, Id be fuckin pissed.
 
naner12

naner12

Sicc OG
#14
Aug 31, 2003
5,551
3,189
113
www.ebay.com
#14
playa RY said:
I dont know about yall, but if someone owed be a chunk of change and then filed for bankruptcy to get out of paying me, Id be fuckin pissed.
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Master P came up on playing people out of money. he has that show on Nickolodeon with Lil Romeo and he has The New No Limit. this was just another business move for Master P, that's all.
 
THE ACIDRAPTOR

THE ACIDRAPTOR

Sicc OG
#15
Dec 25, 2003
6,517
502
0
#15
Just as I once thought, I remember when No Limit ran the rap game in the late late 90s, I wondered if they were gonna last forever cuz of their exposure & success as the label but when they plummeted hard cuz of Master P makin sum changes, I knew it was inevitable...... Sometimes shit doesnt that goes well known to the world doesnt always stays around for so long... Look at Michael Jackson, them lame boy bands, & alot of your once favorite TV sitcoms for example... Not everything lasts forever ya know......
 
LISICKI

LISICKI

rosecityplaya
#16
Dec 9, 2005
9,928
3,068
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#16
Shit i still bump ice cream man, and 99 ways to die.

Give a fuck P so rich it hurts, and p only give a fuck about p, he dont even visit Cory in prison aint that some shit...?

he dont wanna fuck off all the white people connects he made at nickolodean and the nba
 
Ry

Ry

Sicc OG
#17
Apr 25, 2002
6,425
633
113
50
#17
  • Ry

    Ry

If P actually released something that was original and stopped biting poeple that are already successful in the rap game, maybe No Limit would still be a decent label. It seems all he has now is his own family, and he even turned his back on C-Murder...
 
N

northwestside24

Sicc OG
#18
Nov 28, 2005
153
0
0
#18
Damn that's crazy, I'll admit I use to be all into No Limit. P, Silk, C, Mystikal, Steady Mobbin, Kane & Able, Soulja Slim, Fiend, Mr. Serv-On, Mia X, Mac, Magic, Big Ed, there's others I can't remember and even Snoop was on No Limit for a lil bit. But this was all back in my middle school dayz, cuz now I think Master P is wack along with his son.
 
T-Spoon

T-Spoon

Sicc OG
#19
Apr 26, 2002
3,896
638
113
#19
MR RY said:
and he even turned his back on C-Murder...
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he says he did it cuz he gave c a good oppurtunity in life and c fucced it up. me personally, i DON'T agree with it, i think c learned his lesson jus bein in prison itself, but different people handle situations differently. i guess that's his way of showin c tough love. i would be pissed too if i went from broke to ballin for my fam and my little brother went and did some stupid shit (even tho c says he didn't do it), but still he was at tha wrong place at tha wrong time.

Mista Sinista said:
lol...yall some haters for real huh? Yall really wanna see this man fail? But anyway...that man aint bankrupt. He got in some trouble with the IRS about No Limit Records. Everybody and they mama know that if u wanna keep the IRS from takin too much, u file for bankrupty. That man is still worth well over 400 million. So yall haters can calm down, yall gettin excited for nothin.
Click to expand...
Smitty said:
Master P didn't file for bankrupcy, his record company did. P still has lots of money, and he already has the New No Limit, so he's doing fine for himself.
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word, that's how tha rich stay rich. bankrupcy is not a life endin issue for tha rich, it's a business tactic to protect THEIR OWN assets. ya'll gotta step yalls money game up. read up on LLC's and tax id's. fold.
 
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