A judge confirmed the Chapter 11 reorganization plan Monday.
Other creditors are set to receive only annual payments.
In the first year, Kebe is due to pay Almanzar $176,532.
Cardi B on June 21, 2024 in Beverly Hills, CA.Robin L Marshall/Getty Images
By the fifth year, Kebe is due to pay the artist $318,653 over 12 months.
The total tab for the full five years tops $1.178 million.
The plan does not require Cardi to refrain from speaking about Kebe.
We are thrilled to put in place such an incredibly unprecedented and protective plan for Cardi.
I assume you will see the debtor and her swill counsel selling this as a win.
We dont believe the false tears, and we protect against them.
By reaching this agreement, all parties can avoid prolonged litigation fulfilling bankruptcys essential purpose.
This resolution also enables Ms. Kebe to focus on her work while repaying creditors in an organized manner.
I hope this provides a helpful overview, Van Horn said in an email sent toRolling Stone.
