According to bossip.com
Katt’s house in Calabasas is about to be foreclosed (see below), his Phantom Rolls Royce was re-poed. He owes millions in back taxes and now that he flaked on his show in Dallas, TX during All-Star Weekend he hasn’t returned the deposit. He also has several lawsuits pending from past employees who never got paid, and hasn’t paid his lawyers in Atlanta who helped him w/ recent situation. He refuses to do comedy shows to generate money because he told everyone he retired, so now he’s trying to set up shows where he just does a musical performance (he raps) and nobody wants to book him for that.