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Thread started 10/20/12 8:51am

ARock

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Prince Sues Debt Collector Owes ME $116K

Prince just filed the most awesome lawsuit against a collection agency -- 'cause, for a change, he's going after them to get back more than $100,000 the agency allegedly jacked from his bank account.

According to the suit ... Capital Asset Protection made two withdrawls from Prince's bank accounts back in June in the amount of $105,949.14 and $10,278.94.

CAP was collecting the money for a lawsuit Prince previously lost over a music production contract.

But in the new documents, filed Thursday in L.A. County Superior Court, Prince says a judge vacated that original judgement in October, 2011 ... thereby erasing his debt to the production company.

So, according to the suit, CAP collected on a debt that didn't exist. Oops.

Prince is suing to get back his $116,228.12 ... plus interest.

Baby, he's a star.

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Reply #1 posted 10/20/12 9:06am

ufoclub

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I really want to know how this goes.

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Reply #2 posted 10/20/12 9:13am

rdhull

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lol

"Climb in my fur."
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Reply #3 posted 10/20/12 9:49am

HonestMan13

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I give it about 30 minutes before some orger starts crying about $77 & a tee shirt.
When eye go 2 a Prince concert or related event it's all heart up in the house but when eye log onto this site and the miasma of bitchiness is completely overwhelming!
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Reply #4 posted 10/20/12 10:10am

udo

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Interesting, for once P does not owe $$$.

That sum is less than 10% of his concert earnings. (per halfway decent show)

Pills and thrills and daffodils will kill... If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
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Reply #5 posted 10/20/12 10:13am

ARock

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HonestMan13 said:

I give it about 30 minutes before some orger starts crying about $77 & a tee shirt.

lol lol lol

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Reply #6 posted 10/20/12 10:28am

Jamzone333

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HonestMan13 said:

I give it about 30 minutes before some orger starts crying about $77 & a tee shirt.

But, I really DIDN'T get my t-shirt.... giggle

"A united state of mind will never be divided
The real definition of unity is 1
People can slam their door, disagree and fight it
But how U gonna love the Father but not love the Son?
United States of Division"
gigglebowfroguitar
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Reply #7 posted 10/20/12 11:37am

KCOOLMUZIQ

How dare they take money from the Purple account! eye know Prince was pissed off..

eye will ALWAYS think of prince like a "ACT OF GOD"! N another realm. eye mean of all people who might of been aliens or angels.if found out that prince wasn't of this earth, eye would not have been that surprised. R.I.P. prince
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Reply #8 posted 10/20/12 3:18pm

ecstasy

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Finally!

Yes, at 19, I finally saw the Revolution, a legendary band. And I talked to Wendy!!! biggrin In addition to seeing Prince, I have now lived life. Thank you Purple People!!
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Reply #9 posted 10/20/12 4:00pm

funksterr

How could Prince owe money because of a "music production contract"??? hmmm

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Reply #10 posted 10/20/12 5:06pm

rap

ARock said:

Prince just filed the most awesome lawsuit against a collection agency -- 'cause, for a change, he's going after them to get back more than $100,000 the agency allegedly jacked from his bank account.

According to the suit ... Capital Asset Protection made two withdrawls from Prince's bank accounts back in June in the amount of $105,949.14 and $10,278.94.

CAP was collecting the money for a lawsuit Prince previously lost over a music production contract.

But in the new documents, filed Thursday in L.A. County Superior Court, Prince says a judge vacated that original judgement in October, 2011 ... thereby erasing his debt to the production company.

So, according to the suit, CAP collected on a debt that didn't exist. Oops.

Prince is suing to get back his $116,228.12 ... plus interest.

Baby, he's a star.

Good photo, for those who continually bang on about how he is ageless!1

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Reply #11 posted 10/20/12 5:13pm

friend2001

You dont think Prince has to pay for anything or has deals in the production of his craft? Or are you referring to the Prince rule of no contracts? If you believe that............

funksterr said:

How could Prince owe money because of a "music production contract"??? hmmm

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Reply #12 posted 10/20/12 5:22pm

SuperSoulFight
er

ufoclub said:

I really want to know how this goes.


I really don't. Why is it that this man only gets in the news making lawsuits and not making records?
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Reply #13 posted 10/20/12 5:56pm

babynoz

funksterr said:

How could Prince owe money because of a "music production contract"??? hmmm

Didn't he get sued by the engineer who mixed lotusflower? I think I read that here a while back.

Prince, in you I found a kindred spirit...Rest In Paradise.
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Reply #14 posted 10/20/12 6:39pm

luv4u

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moderator

canada

Ohh purple joy oh purple bliss oh purple rapture!
REAL MUSIC by REAL MUSICIANS - Prince
"I kind of wish there was a reason for Prince to make the site crash more" ~~ Ben
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Reply #15 posted 10/20/12 6:56pm

PurpleChi

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HonestMan13 said:

I give it about 30 minutes before some orger starts crying about $77 & a tee shirt.

And if they do are they wrong? The reality is people did pay their hard earned money and did not get what was promised to them. Should Prince be excused from holding up his end of the bargain because he's Prince? Surely he doesn't want someone taking money from him (and rightfully so). Let's be clear. $116K is probably to Prince what $77 is to the average working person. This may just be karma.

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Reply #16 posted 10/20/12 6:57pm

funksterr

friend2001 said:

You dont think Prince has to pay for anything or has deals in the production of his craft? Or are you referring to the Prince rule of no contracts? If you believe that............

funksterr said:

How could Prince owe money because of a "music production contract"??? hmmm

I can't imagine Prince signing contracts for any reason, least of all music prouction. I am also surprised that Prince hadn't better hidden his accounts so that they would be shielded from debt collectors. He is sued so often, I would have expected he'd be more of a pro at dodging collectons.

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Reply #17 posted 10/20/12 7:24pm

ARock

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Prince had an estimated net worth of between $100million and $250million in 2011, according to USA Today.

^ that was in the Mail Online link luv4u posted. I did not know that! eek

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Reply #18 posted 10/20/12 7:48pm

thedance

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imho:

Prince should care less about his $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$..... confused

Isn't he a bit greedy?

He is a material guy, right?

There's so many, and much more important things in life than $$$$$$$$$$$$$$.

A good health just to name 1 thing which is far more important.

and: Peace, love and happiness.

But of course if money is what makes Prince happy, then okay.

It just seems a bit "poor" to me.. if $$$$$$$$$$$$$$$$$$ is what is "driving" your world..

Prince should care more about the "soft values" in life.

this is from my/ a european's point of view, I suppose in the US it is okay to care a lot for $$$$$$$$$$$$$$$$$$$.

still, $$$$$$$$$$$$$$$$ is not the most important in life if you ask me. wink

Prince 4Ever. heart
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Reply #19 posted 10/20/12 7:49pm

teachvt

Come on! Is this the same guy who owed taxes for how many years? Maybe his "management" is so happy to be the plaintiff in a lawsuit? Amazing!
I agree with purplechi- it must be about $77 to the average person! Maybe it is the principle???
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Reply #20 posted 10/20/12 7:53pm

ladyleap2u

thedance said:

imho:



Prince should care less about his $$$$$..... confused




Isn't he a bit greedy?



He is a material guy, right?



There's so many, and much more important things in life than $$$$$.




A good health just to name 1 thing which is far more important.



and: Peace, love and happiness.



But of course if money is what makes Prince happy, then okay.




It just seems a bit "poor" to me.. if $$$$$ is what is "driving" your world..



Prince should care more about the "soft values" in life.



this is from my/ a european's point of view, I suppose in the US it is okay to care a lot for $$$$$.



still, $$$$$ is not the most important in life if you ask me. wink

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Reply #21 posted 10/20/12 8:18pm

luv4u

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moderator

It's making the rounds............

http://www.complex.com/mu...rieve-116k

canada

Ohh purple joy oh purple bliss oh purple rapture!
REAL MUSIC by REAL MUSICIANS - Prince
"I kind of wish there was a reason for Prince to make the site crash more" ~~ Ben
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Reply #22 posted 10/20/12 8:23pm

ARock

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thedance said:

imho:

Prince should care less about his $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$..... confused

Isn't he a bit greedy?

Yes 100k is nothing to Prince, but I think its the principle of the matter. They took money that they should not have. I think any person who prides their empire no matter how rich would fight it.

I think they figured "Hey he wont notice if we took an extra 100k"

[Edited 10/20/12 20:25pm]

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Reply #23 posted 10/20/12 10:17pm

theblueangel

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SuperSoulFighter said:

...Why is it that this man only gets in the news making lawsuits and not making records?

Because he doesn't make records anymore, aside from the occasional download or single released in Europe.

No confusion, no tears. No enemies, no fear. No sorrow, no pain. No ball, no chain.

Sex is not love. Love is not sex. Putting words in other people's mouths will only get you elected.

Need more sleep than coke or methamphetamine.
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Reply #24 posted 10/21/12 12:50am

onecrush

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theblueangel said:

SuperSoulFighter said:

...Why is it that this man only gets in the news making lawsuits and not making records?

Because he doesn't make records anymore, aside from the occasional download or single released in Europe.

That's a little extreme aint it? His last album "20TEN" came out in, well, 2010. That's only 2 years ago. He may not release albums as often as he once did but a 2 yr gap is hardly not making records anymore!!! smile

[Edited 10/21/12 0:52am]

Homer Simpson: "I call the big one Bitey"!!
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Reply #25 posted 10/21/12 1:12am

udo

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BTW: What court case was this debt about?

Where can we read more about this?

Pills and thrills and daffodils will kill... If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
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Reply #26 posted 10/21/12 4:18am

fielder

ARock said:

thedance said:

imho:

Prince should care less about his $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$..... confused

Isn't he a bit greedy?

Yes 100k is nothing to Prince, but I think its the principle of the matter. They took money that they should not have. I think any person who prides their empire no matter how rich would fight it.

I think they figured "Hey he wont notice if we took an extra 100k"

[Edited 10/20/12 20:25pm]

I would agree with this if he paid his bills but there are countless examples of Prince never paying his bills until he is sued. Many of these by small independent companies that are depending on his $ not too mention when he doesn't pay his taxes those are the residents and students of Chanhassen that he is screwing over.

On top of that as mentioned he basically stole $77 from almost everyone here.

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Reply #27 posted 10/21/12 4:56am

udo

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fielder said:

On top of that as mentioned he basically stole $77 from almost everyone here.

yeahthat

metoo!

Pills and thrills and daffodils will kill... If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
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Reply #28 posted 10/21/12 7:56am

Graycap23

fielder said:

On top of that as mentioned he basically stole $77 from almost everyone here.

Yep.

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Reply #29 posted 10/21/12 10:21am

HonestMan13

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fielder said:

ARock said:

Yes 100k is nothing to Prince, but I think its the principle of the matter. They took money that they should not have. I think any person who prides their empire no matter how rich would fight it.

I think they figured "Hey he wont notice if we took an extra 100k"

[Edited 10/20/12 20:25pm]

I would agree with this if he paid his bills but there are countless examples of Prince never paying his bills until he is sued. Many of these by small independent companies that are depending on his $ not too mention when he doesn't pay his taxes those are the residents and students of Chanhassen that he is screwing over.

On top of that as mentioned he basically stole $77 from almost everyone here.

So everyone else is entitled to call foul but Prince should be above it all and let it ride?

When eye go 2 a Prince concert or related event it's all heart up in the house but when eye log onto this site and the miasma of bitchiness is completely overwhelming!
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Forums > Prince: Music and More > Prince Sues Debt Collector Owes ME $116K