Bankruptcy Looms Over Deceased Rapper Xatar
Xatar reportedly initiated a bankruptcy filing
calling him out, Xatar's financial troubles were no secret in the world of hip-hop. Last week, the rap scene was left speechless when Xatar, whose real name was Giware Hajabi, passed away in an apartment in Cologne. Allegedly, he had filed for personal bankruptcy just prior to his untimely demise.
According to investigations by "Bild" newspaper, Xatar submitted an application for a payment incapacity procedure at the local court in Cologne a few months ago. The ruling was issued on September 26, 2024, and creditors have until the end of November to submit their claims.
Unfortunately, the specifics of Xatar's bankruptcy, such as the reasons behind it and his proposed recovery plan, remain undisclosed. Despite filing for bankruptcy, the musician was allowed to continue working as a freelance artist, keeping his earnings outside the insolvency estate. It appears that a portion of his earnings was directed towards his creditors, with the goal of becoming debt-free within three years.
The Controversial Life and Death of Xatar
Xatar was no stranger to controversy. His biography was marked by early criminality, which culminated in a sensational armored truck robbery in 2009. The heist netted 120 kilograms of dental gold and jewelry worth 1.8 million euros. After his capture, Xatar was sentenced to eight years in prison in 2010. The loot, however, remains missing to this day. This captivating tale served as inspiration for director Fatih Akin's 2022 film, "Rheingold".
Despite his legal troubles, Xatar achieved success in the music industry. His second album was even created during his imprisonment. However, his corporate empire began to crumble in the fall of 2023, with five companies filing for insolvency. His music label, "Alles oder Nix Records", closed its doors in March 2024, with Xatar publicly admitting that he struggled with entrepreneurial responsibilities.
In the end, the details of Xatar's bankruptcy remain shrouded in mystery, much like his stolen treasure. The toxicology report on his cause of death is still pending, leaving fans and the public alike eager for answers.
Sources: ntv.de, nan
- Rap Music
- Controversy
- Financial Troubles
- Mystery
Losing touch with reality after his successful career in the music industry, Xatar started to delve deeper into occult practices and even claimed to have supernatural powers. He built a cult-like following, promising his fans a deeper understanding of life and it's mysteries. However, his erratic behavior and increasingly bizarre antics soured relations with many in the industry, leading to a decline in his popularity towards the end of his life. His controversial lifestyle and questionable beliefs have since become the subject of much speculation and debate among fans and critics alike.
Sources: enrichment data, ntv.de, nan
- Unethical Experimentation
- Cult
- Supernatural
- Declining Popularity
Xatar's controversial lifestyle and questionable beliefs, which included delving into occult practices and claiming supernatural powers, led to a decline in his popularity towards the end of his life. This erratic behavior and increasing bizarre antics soured relations with many in the industry.
Despite filing for bankruptcy due to financial troubles, Xatar's involvement in the music industry was not confined to merely creating and performing songs. He also established a music label, "Alles oder Nix Records", which eventually faced insolvency.
Investigations into Xatar's personal and professional life showed unethical experimentation and the formation of a cult-like following promising a deeper understanding of life's mysteries. These controversial and questionable practices have since become the subject of much speculation and debate among fans and critics.
