Chris Brown could have assets seized for unpaid $2 million bank loan used to buy Popeyes franchises

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Courts have ordered the R&B star and his fellow Popeyes investors to make promised payments to City National Bank for a loan acquired in 2018.



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Chris Brown in Las Vegas in May 2023

Chris Brown is personally on the hook for more than a million dollars after failing to make payments on a loan used to open two Popeyes Chicken franchises.

The R&B musician and his fellow investors (including producer The dream) were sued by City National Bank (CNB) in September 2023 after defaulting on a 2018 loan made by the institution to finance a pair of Popeyes locations.

CNB attempted to collect on the loan, alleging in documents obtained by explosion at the time that “as of February 17, 2023, the borrower and guarantors owe $2,140,901.74 in unpaid principal and interest,” and that Brown was a “personal guarantor” on the loan, leaving him liable. Courts in Georgia, where the lawsuit was originally filed, ruled in favor of the bank in August 2023, and CNB then filed a case in California to collect its funds.

On Feb. 27, the Los Angeles court upheld a sister state judgment filed by City National Bank and ordered Brown to personally pay $1,314,367.40, according to documents obtained by PEOPLE.

Now Brown, 34, must respond to the new ruling within 30 days of its filing, or City National Bank can work with California to collect the debt and potentially seize assets, including property and money, from the singer.

Representatives for Brown did not immediately respond to PEOPLE’s request for comment.

Related: Chris Brown sued for allegedly punching man in London nightclub

Robin Marchant/Getty Chris Brown

Robin Marchant/Getty Chris Brown

The Popeyes ordeal is not Brown’s only ongoing legal matter. In October 2023, Abe Diaw sued the “Forever” singer for allegedly hitting him in the face with a bottle of Don Julio 1942 tequila in February of the same year at TAPE in London.

According to the lawsuit, obtained by PEOPLE at the time, Brown was “striking” Diaw in the head with “crushing blows” and rendering him unconscious. Brown then allegedly “continued to mercilessly stomp on him” for “30 seconds.”

Diaw, then 43, “ended up in the hospital with lacerations to her head and torn ligaments in her leg,” the lawsuit states, adding that it left her with “permanent” damage and “severe emotional distress.”

Tibrina Hobson/Getty Chris Brown

Tibrina Hobson/Getty Chris Brown

Diaw, who claims TAPE captured the altercation on surveillance footage, is suing Brown for damages and demanding a jury trial, according to the lawsuit.

brown has a long history of legal problemsbeginning in 2009 when he physically assaulted his then-girlfriend. Rihanna. Rihanna was left with visible facial injuries and was hospitalized; Brown was later accused of serious assault and make criminal threats.

He pleaded guilty to a felony in June of that year and accepted a plea deal for community servicefive years probation and domestic violence counseling.

Related: Chris Brown and Usher take the stage at the Las Vegas Music Festival after an alleged fight

Bertrand Rindoff Petroff/Getty Chris Brown

Bertrand Rindoff Petroff/Getty Chris Brown

More recently, in May 2023, several outlets reported that Brown and Usher got into a fight one day before they went on stage in Lovers and Friends Music Festival In Las Vegas.

This week, Brown announced the dates for her upcoming 11:11 tour, scheduled for 26 dates across North America with opening acts Ayra Starr and Muni Long.

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Read the original article at People.

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