Tyga Lawsuits and Taxes Might Mean He Files Bankruptcy Like 50 Cent?

Mike TuttleLife

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Tyga turned heads when he gave girlfriend Kylie Jenner a $320,000 Ferrari for her birthday a few weeks back. Hopefully he paid cash for it, because if the state of California and a disgruntled landlord have their way, Tyga might have to let that Ferrari get repoed.

Court documents now show that the state of California is going after Tyga for back taxes. According to the filings, Tyga owes more than $19,000 in unpaid taxes for 2009, 2010 and 2011. He is now subject to a tax lien to collect the unpaid amount.

But that is merely the latest of Tyga's money problems. The entertainer is also locked in a fight with a landlord who Tyga owes him $70,000 in unpaid rent. Tyga says he paid $200,000 down on an $8 million house he had been renting.

Money troubles seem to be going around lately. Rapper 50 Cent made news when he filed bankruptcy a few weeks back. That move was likely more of an indicator that 50 Cent was reorganizing his financial affairs to shield himself against lawsuits, rather than that he was actually broke.

50 Cent, whose real name is Curtis Jackson, is in his mess over a lawsuit much the same as Tyga could be. Jackson was accused of invading Lastonia Leviston's privacy by posting a sex tape of her and her boyfriend, with his own narration edited over top of it. Leviston was a former girlfriend of Rick Ross, 50 Cent's rap rival. On the tape, 50 Cent can be heard taunting Ross.

A jury initially ordered Jackson to pay Leviston $5 million, but later added another $2 million to that total.

"Our client intends to file post-verdict, pre-judgment motions which we believe should reduce the size of the award," Jackson's lawyers said. "Ultimately, the fate of any obligation to pay a final judgment will be determined by the bankruptcy court."

And there you have it. Bankruptcy may be Jackson's saving move against losing his fortune.

"I'm taking the precautions that any other good businessperson would take in this situation," Jackson said about his filing. "You know when you're successful and stuff, you become a target. I don't wanna be a bullseye. I don't want anybody to pick me as the guy that they just come to with astronomical claims and go through all that."

Might Tyga have to end up reorganizing his finances the same way?

Mike Tuttle
Writer. Google+ Writer for WebProNews.