Mary J. Blige has charity debt reduced
Last Updated: 74 days ago
MARY J. BLIGE has moved a step forward in her bid to clear her debts after bank bosses agreed to reduce the sum owed by her charity.
The singer, who has been hit with two large tax bills this year (13), allegedly defaulted on a loan given to her charity, the Foundation for the Advancement of Women Now.
Executives at America's TD Bank sued over the loan, claiming the total owed came to around $322,000 , but TMZ.com now reports a settlement has been agreed and the debt has been slashed to $125,000 .
Blige was hit with a $3.4 million tax bill from America's Internal Revenue Service (IRS) back in May (13), while she was previously sued by another bank for allegedly defaulting on a $500,000 loan.
Copyright 2013 World Entertainment News Network. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.