NEW YORK, NY - OCTOBER 20:  Rapper Memphis Bleek attends TIDAL X: 1020 at Barclays Center on October 20, 2015 in the Brooklyn
Monica Schipper

Memphis Bleek, Brooklyn rapper and longtime friend to Jay Z, has reportedly filed for Chapter 13 bankruptcy. According to Bossip, the former Roc-A-Fella signee only has $100 in cash to his name and filed the petition on March 14 in a New Jersey U.S. Federal Court.

The 38-year-old's assets allegedly include a Jersey home, a Chevy Impala, clothes and a wedding ring, which total $274,000. As for his liabilities? That total comes up to $350,000. The legal documents claim Bleek lists occupation as self-employed and runs Get Low Touring, and reportedly earns $5,340.94 from his business per month, as well as $571 in royalties from his 2005 album 534.

The news comes as a bit of a surprise, since Jay Z famously dropped these bars in reference to Bleek on 2005's "Diamonds From Sierra Leone" remix:

"Bleek could be one hit away his whole career / As long as I'm alive he's a millionaire / And even if I die he's in my will somewhere / So he could just kick back and chill somewhere / Oh yeah, he don't even have to write rhymes / The Dynasty like my money; last three lifetimes"

Bleek later told This Is 50 the song hurt his career. "I don't like that line 'cause that line put a stamp on my career, like I look at people looking at me like [Jay] is just taking care of me and I'm just chilling and I'm not working. As you see, I'm here," he said. So it seems like the shoutout ended up jinxing the rapper, rather than helping.