Last year R&B singer / songwriter Chris Brown was sued over a $2 million unpaid loan taken out to purchase two Popeye's Chicken franchises with music producer The Dream and others [click here if you missed that].
Now CB has been ordered to pay up...
From Radar Online
A Los Angeles court entered a massive judgment against Chris Brown over alleged unpaid loans related to the singer buying Popeyes restaurants.
According to court documents obtained by RadarOnline.com, this week, the California court confirmed a sister-state judgment filed by City National Bank [CNB].
In September 2023, the bank filed court documents to register a judgment they won in a lawsuit filed in Georgia.
CNB said it was awarded $1,760,654.11 in the case against Brown. In the suit, first reported by The Blast, CNB claimed it provided Brown and others a $2 million loan to purchase two Popeyes chicken restaurants with music producer The Dream and others.
CNB can start collections efforts against Brown in California by registering the judgment. At the recent hearing, the request was approved.
Now, Brown has 30 days to respond to the case or it will be final.
The court warned Brown that if he didn’t act, his property could be seized to satisfy the debt.
“This court may order that a writ of execution or other enforcement may issue. Your wages, money, and property could be taken without further warning from the court,” the filing read. “If enforcement procedures have already been issued, the property levied on will not be distributed until 30 days after you are served with this notice.”
20 comments:
Guess he don't love that chicken from Popeye's no mo'.
Time is ticking CB
Pay up playa
He barrowed that money under the influence of .... and can't remember the transaction.
Chris helped friends to borrow that money since his credit was good. The moral of this is NEVER stand as guarantor for anybody. Don't feel sorry for anybody because at the end of the day, you will be the one carrying the can.
His friends have defaulted on the loan he helped them to get. Where money is concerned, don't help anybody. Guard your coins and remove sentiments....
Never co-sign anything. There's a reason adults need co-signers and it's usually because they don't pay their debts.
His high ssa probably dont even remember signing anything.
The Dream?? Oh heck no, Chris! Why? These people do not have your best interest at heart, man. Now you in some deep doo doo because of them! Dang!!!
Problem with Chris is he has bad energy and isn't spiritual. He's just on them drugs. A real business man ain't making moves this way, that's why he needs actual financial advice. Maybe one day he will stop being a cry baby, get help and grow up
Even if your best friends beg you, don't co-sign anything for them.
I wonder why The Dream didnt ask Jay z
Or Beyonce to co sign for him
The Dream is also friends with Gwyneth Paltrow
I wonder why he didnt get her to sign for him
Not a fan of Chris
But that is messed up
Drugs ARE Spirits 🤦🏿♀️
So what did he spend the 2 million on if it wasn't to open the two Popeyes locations?
@6:51pm, Read the above comments
Allegedly, Chris just co-signed for a loan
For the entertainer named The Dream
And others to get a loan
To open up 2 Popeye's Restaurants
Chris NEVER touched any of the money
I guess The Dream didnt "allegedly" keep up
with payments
So now Chris is being held responsible for it
Chris didn't touch the money.....the friends he helped messed up with mismanagement of the money. They are only holding Chris liable since he has money plus he co-signed it
So we just ignore Chris's texturizer? 😒
Does no one think he resembles the DeBarges?
@2:46 AM His natural hair has always been curly. Please stop it!
Friends, family, lovers and money don't mix!!
Didn't Dream have a problem paying his bills in the past?
Don't mix business with friends. If you can't afford it don't purchase it. Save your money until you can pay for it on your own.
Post a Comment
Commenting Rules: Please watch your language. Disguise curse words if you must use them and do not threaten or attack other commenters.
Comments violating the rules will be deleted.