Tag Archives: debt

Lil Wayne Settles His $14 Million Tax Debt

Lil Wayne Settles His 14 Million Tax Debt

Last month, Lil Wayne settled his huge tax bill of $14 million with the United States of America government.

According to The Blast, who received official court documents, Tunechi has paid off his IRS tax bills of $7,341,399.07 in 2011 and $6,853,545.77 in 2012.

More than likely Weezy has been able to pay off this debt from the eight-figure settlement money he received from Birdman and Cash Money Records last year!

Pic credit: GS Visuals.


Lil Wayne’s Former Lawyers In His Private Jet Case Have Dropped Their Lawsuit Against Him

According to theJasmineBRAND, Lil Wayne‘s former lawyers who represented him in the private jet leasing company case, which he lost, dropped their lawsuit against him earlier this month on August 11th.

The legal team were demanding a $47,000 payment for a settlement that was reached back in June, as well as the $322,000 debt Wayne owed them. However, they have now dismissed all claims against Weezy in court.

In the new court documents, it says that the lawyers are dismissing the full lawsuit forever with no chance of it being refiled in the future, so more than likely Tunechi has paid the payments he owed!


“Hurricane Season” Movie Drowning In Debt & May Be Shelved

Lil Wayne‘s upcoming film Hurricane Season, which co-stars Forest Whitaker and Bow Wow, has reportedly run out of money and has been pushed back indefinitely.

Despite an all-star cast of actors, the movie’s budget is reportedly in the red.

Our sources here in Hollywood are telling us that the studio that owns the marketing and distribution rights to Hurricane Season literally has run out of money and will not be able to release it anytime soon. The studio is the Weinstein Company, and it all makes sense since it’s very public knowledge that they are going through big-time financial issues. Hurricane Season finished filming in mid 2008 and was set for a late 2008/early 2009 release date. Instead, it has been pushed back indefinitely. So what does this all mean? Well you won’t be seeing Wayne playing a high school kid or Bow Wow playing a basketball player anytime soon. Either that or the producers try and buy back the rights so they can sell them to another studio — or it ends up going straight-to-DVD 50 Cent style.

Weezy recently reflected upon his on-screen time alongside Forest Whitaker in the film.

“I just finished shooting a movie with Forest too,” he said in an interview. “He’s a very serious guy. I just spoke to him before he went out there, and he was like, ‘You did good in the movie.’ Then he goes out there and sings that. I’m like, ‘Wow.’ Everything was wonderful and just doing it in New Orleans, it being a true story and just contributing in any kind of way, it was great for me.”

Shout outs to SOHH