T.I. just paid off over $1 million in back taxes, but his finances still aren’t in the clear.
The rapper, born Clifford Joseph Harris Jr., and his business partner Charles Hughes filed for bankruptcy on behalf of their failed Georgia-based restaurant, Scales 925 Atlanta on May 1, according to documents obtained by Page Six on Wednesday.
Hughes filed for bankruptcy himself in April 2018.
The court documents do not list how much debt the company is in, but makes it clear that T.I., 37, only has a 40 percent interest in the company. Hughes has a 40 percent stake, and four other partners make up the rest of the restaurant.
Hughes, who filed the suit, claimed that the restaurant only has $5,000 in assets. They are currently involved in four pending lawsuits.
Source: Page Six