reportedly is having financial difficulties. According to TMZ, the "" alum filed for bankruptcy last month. He apparently only has $67,000 in assets while his debt is totaling around $1.3 million. The $1.3 million debt consists of $1.2 million in back taxes, $50K in lawyers bills and $4,500 in back child support.
According to legal documents obtained by the site, he spends $11,600 in monthly expenses, but his income is $7,500. Meanwhile, some of Phifer's assets include a 12-year-old Segway, a leather bed, one shotgun and two 9mm pistols.