CHRIS BROWN'S BUSINESS TROUBLES

Chris Brown is liable for a sum exceeding one million dollars due to unpaid payments on a loan acquired for opening two Popeyes Chicken franchises. Alongside co-investors, including The-Dream, Brown was sued by City National Bank (CNB) for failing to meet the financial obligations of a 2018 loan aimed at financing these franchises. According to CNB, by February 17, 2023, the group owed over $2 million in principal and interest, with Brown being directly accountable as a personal guarantor. Following a favorable verdict for CNB in a Georgia court in August 2023, the bank pursued the case in California to secure their owed funds. Consequently, on February 27, the Los Angeles court ruled that Brown must pay $1,314,367.40, providing him a 30-day period to address this ruling. Failure to comply could lead to CNB coordinating with California to recover the debt through potential asset confiscation from the singer.
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