According to sources, Chris Brown could lose his $4.3 million mansion due to a multimillion-dollar debt owed to Popeyes.
The acclaimed musician had invested in two sites of the popular fast-food business, but he allegedly failed to meet his financial responsibilities.
According to documents obtained from City National Bank, the R&B star owes $22,140,901.74 in unpaid principal and interest.
In reaction to this large debt, Popeyes filed a lawsuit against the 34-year-old in California last year.
However, despite reaching a $1.67 million settlement agreement, Brown has refused to make the payment six months later.
With the star’s inability to follow the settlement criteria, the Loyal singer’s predicament may steadily worsen as financial implications loom.
According to The Neighborhood Talk, he has a 30-day deadline to resolve the court-ordered agreement or risk losing important assets, like as his home and earnings, as he prepares for his forthcoming 11:11 Tour across America.
According to Hollywood Unlocked, the court is not required to provide any notice before seizing these assets, as stated in the filing: “Your wages, money, and property could be taken without further warning from the court.”
Brown’s opulent smart house property in Tarzana, valued at $4.3 million by Capital Xtra, has the ability to settle his outstanding debt.