There’s a few points here that I want people to keep in mind before thinking Tasha is just about to claim bankruptcy and run off into the sunset. Let’s get into it…
When it comes to her money, Cardi B doesn’t play. The Grammy Award-winner isn’t just proving that with her continued business deals but also with winning her defamation lawsuit against loud-mouth YouTuber Tasha K. A month ago it was first reported that the YouTuber’s checks are being seized by Bardi. However, she’s presently awaiting the remainder of her nearly $4 million payment. The mother of two first received upwards of $10K from Tasha’s ad revenue. Shortly after that, she reportedly took home another $640. While still nice to receive, Tasha is still hardly making a dent in the massive amount still owed… and it appears she’s trying to stretch that out as long as possible.
Thursday (May 25), @theneighborhoodtalk exclusively reported that Tasha has filed for Chapter 11 bankruptcy. Now, it’s important to note that Chapter 11 differs from Chapter 7 which wipes out all listed debts. A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. The plans are designed to keep the business operational during and following the bankruptcy process. (So essentially Tasha is trying to get Klarna payments on her $4 million debt) When filling out these applications, a list of assets must be submitted. This information revealed that Tasha claims to have just $95 in her Chase account at this time.
Her personal belongings (purses, cars, clothing, her engagement ring, and business-related properties) are reportedly worth $58,595.56. It’s also important to note that damages awarded in a defamation cases aren’t dischargeable in bankruptcy if the debts are based on liability for willful and malicious injury by the debtor to another entity. The jury found that Tasha K acted with actual malice to cause harm to Cardi, so we’ll see how that plays out.
It remains unclear if the YouTuber has a clear plan in place, or any idea when she’ll be out of debt, but the road ahead of her certainly seems like a long one. Y’all feel bad for Tasha?
