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Tasha K Unable to Pay $3 Million Debt Owed to Cardi B, Seeking Negotiations for Settlement

by Iesha
August 4, 2023
Reading Time: 2 mins read
0
Cardi B Accuses Tasha K of Having Hidden Offshore Accounts

Tasha K and Cardi B (Instagram/Getty)

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Tasha K claims she cannot pay the $3 million debt owed to Cardi B due to financial strain.

According to the records submitted in Tasha’s Chapter 11 bankruptcy filing, she states her earnings originate from her role as a “content creator/influencer” through platforms like YouTube and Instagram.  However, Cardi is listed as her primary creditor, with an owed amount of $3,363,753.

Last year, a Georgia jury awarded the rapper $1 million in general damages and $250,000 for medical expenses.  She also received $1.5 million in punitive damages and $1.3 million for attorney fees.

Cardi began collecting funds this year and served subpoenas to Google for Tasha’s YouTube earnings.  A few months later, Tasha sought bankruptcy protection, temporarily halting Cardi’s efforts to access her funds.

In her recent filing, Tasha K acknowledged her assets total $58,595, mainly from a Chevy Silverado worth $46,750 with a $53,412 lien.  Without the truck, her assets are only $12,000.  She revealed an IRS claim of around $97,000 for taxes in 2021-2022.  She filed both returns, showing a $150,000 tax due plus $30,000 in state taxes.

“Clearly [Tasha] does not have the ability to pay the [Cardi] judgment in full,” Tasha’s lawyer said in court, adding that Tasha will work to “amicably resolve the [Cardi] judgment” in the case.

According to RadarOnline,  Tasha K listed assets ranging from $50,000 to $100,000 and liabilities between $1 million to $10 million.  Her assets include a Chevy Silverado, furniture ($2,750), electronics ($500), clothing $2,500 (including two Louis Vuitton purses and a Coach purse), jewelry ($6,000), and $100 in her bank account.

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