Oh No! Bank Coming After Mary J. Hard For A Massive Payback!

Posted On : July 10, 2017

Mary J. Blige has been getting hit hard in the pocketbook lately. First her soon-to-be-ex-husband, Kendu Isaacs, got a big piece of the pie in temporary spousal support. Now, a bank is gunnin’ for Mary J.’s paper…some of which they say is really their paper. According to TheJasmineBrand, Mary owes plenty money to Signature Bank and now they’re demanding that she pays up or else. Check out the details below:

Why Bank Now Going After Mary

Via TJB: Mary J. Blige continues to face financial drama. […] …she now faces a $1.9 million legal battle accusing her of defaulting on a massive loan again. […] On June 26th, Signature Bank filed docs demanding their case against the singer be reopened, stating that Blige still owes them money. Blige had entered into multiple contracts for repayment with Signature since the case was closed. However, the bank is now accusing her of still owing multiple $20k a month payments. They are seeking to have the court reinstate the $1.9 million legal battle immediately.

Bank Originally Sued Mary AND Kendu

Mary J. and soon-to-be-ex-husband, Kendu Isaacs

Many of y’all probably recall when Mary and Kendu- who was also her manager- were hit with some serious financial woes, dating back to 2012. One of those financial hits included Signature Bank, which originally sued both of them for defaulting on a $2.2. million loan. Signature’s first lawsuit also sought an extra $58K in interest.

According to several reports, Mary reached a settlement with Signature in 2015, where she agreed to pay $20K monthly until the remaining $1.97 million she owed was paid off. However, apparently Signature Bank is claiming that she has now defaulted on her monthly payment arrangement and they are asking the judge to reopen their case.

At this point, we’re not sure if Kendu’s gonna have to come up with money for this too, but right now it seems like it’s all falling on Mary’s shoulders. We shall see though.

Join us on Facebook for the most engaging discussions from the Old School! Old School News With A New Point Of View!

By signing up, you agree to our Terms of Service and Privacy Policy.