For the third time since 2009, Petey Pablo has filed for bankruptcy. The North Carolina rapper claims he only has around $50k in assets, with his liabilities in the same range. His creditors include the IRS, Planet Fitness, Enterprise, Ford Motor Credit, law firms and more.

Petey’s two previous bankruptcy filings were dismissed after he’d failed to pay on his re-payment plan to creditors, so some of this is likely left over from years back. Having done a four-year bid from 2010 to 2014, it must have been tough to keep everything in order, particularly because he had no real income. Petey recently had a part on Empire, so hopefully he can turn that into something more and start paying these debts off!

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Source: Bossip