Birdman Reportedly Owes $20 Million Following Loan Default

Cash Money boss Birdman is fighting to save his music assets from being seized as part of an ongoing $20 million legal battle after the music mogul defaulted on a loan.

According to court documents obtained by The Blast, Birdman is demanding a judge not allow one of his creditors from taking profits made from his music.

EMG Transfer Agent accuses Birdman of borrowing $12 million from them and using his Miami mansion as collateral. They are demanding all profits from his Florida studio – but Birdman says that the loan was a “sham” to begin with.

Birdman says, “Plaintiff may argue that the property and recording studio are the same, but that would be…

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