Phifer filed for full blown bankruptcy late last month, claiming roughly $67,000 in assets … as he drowns in debt totaling around $1.3 Mil.
Maybe he should have
seen it coming. Phifer says in his legal docs — obtained by TMZ — he spends around $11,600 in monthly expenses, but pulls in only $7,500.
His debts are impressive … $1.2 mil in back taxes, $50K in lawyers bills and $4,500 in back child support.
Starring Katt Williams, LisaRaye McCoy, Keri Hilson, Rotimi, Jason Mitchell andDC Young Fly and Featuring Latto, Keith Sweat and Lyfe Jennings Melvin Childs Presents, the company helmed by producer Melvin Childs, has released the first-look...