Popstar Iggy Azalea is facing a lawsuit from American Express regarding hundreds of thousands of dollars in allegedly unpaid credit card bills. According to American Express, the singer owes a total of $299,148. The creditor further alleges that Azalea has borrowed approximately $250,000 more than her spending limit.
This is not the only financial difficulty that Azalea has faced in recent years. For example, in 2016, the Internal Revenue Service (IRS) issued a $400,000 tax lien to the singer. According to Azalea, the IRS lien was merely the result of her agreement to pay the IRS monthly. She also added that the media and news outlets tend to exaggerate everything.
Azalea has yet to comment on her allegedly pending American Express bill. As such, it's not known if the bill is the result of a misunderstanding between Azalea and the credit card company, or if it resulted from the singer's flat out financial inability to pay and getting late on her payments. Considering that the singer's latest album was expected to release in July, but was delayed, it's possible that the singer's cash flows have been dryer than usual and it has led to financial challenges.
For those who qualify for bankruptcy proceedings, unsecured credit card debt may be some of the easiest and fastest debt to get rid of. To know if your credit card debt can be resolved through bankruptcy proceedings, you may wish to speak with a bankruptcy lawyer. Your lawyer will review your financial circumstances to determine the most appropriate debt resolution option available.
Source: E News, "Iggy Azalea Sued for Failing to Pay $300,000 Credit Card Debt," McKenna Aiello, Oct. 05, 2017