Editing Suge Knight (section)

===End of Death Row Records===
On April 4, 2006, Knight filed [[bankruptcy]] due to civil litigation against him in which Lydia Harris was said to have been cheated out of a 50% stake in Death Row Records. Under questioning by creditors, he denied having money tucked away in foreign countries or in an [[Africa]]n company that deals in diamonds and gold. Bankruptcy documents filed showed Knight had no income from employment or operation of a business. According to financial records, his bank account contained just $11, and he owned clothing worth $1,000, furniture and appliances valued at $2,000, and jewelry worth $25,000. He also testified that the last time he had checked the label's financial records was at least 10 years prior. Knight's lawyer said that his client was still "at the helm" of Death Row and had been working on securing distribution deals for the label's catalog. Harris told reporters she had received a $1 million payment but had not agreed to settle the matter. "I'm telling you, I didn't do a settlement for $1 million. That's ridiculous. Let's keep it real," she said.<ref>[[Linda Deutsch|Deutsch, Linda]]. [https://www.washingtonpost.com/wp-dyn/content/article/2006/05/05/AR2006050501109.html Rap Mogul Knight Details Business Woes], ''The Washington Post'', May 5, 2006. Retrieved December 18, 2009.</ref>

On July 7, 2006, the federal judge, Ellen Carroll, ordered a bankruptcy trustee takeover of Suge Knight's Death Row Records, saying the record label had undergone a gross amount of mismanagement.<ref>{{Cite magazine|url=http://www.billboard.com/articles/news/57885/judge-orders-bankruptcy-takeover-of-death-row|title=Judge Orders Bankruptcy Takeover Of Death Row|date=July 10, 2006|magazine=Billboard}}</ref>

He filed for [[Chapter 11, Title 11, United States Code|Chapter 11]] [[Bankruptcy in the United States|bankruptcy]] protection,<ref>{{Cite magazine|url=https://www.billboard.com/articles/news/58866/suge-knight-files-for-bankruptcy|title='Suge' Knight Files For Bankruptcy|magazine=Billboard}}</ref> which allows a company to continue business operations while restructuring. Death Row was being operated by Neilson during the bankruptcy proceedings, while Knight oversaw his bankruptcy estate as a debtor in possession.<ref>{{Cite web|url=https://publish.illinois.edu/illinoisblj/2006/09/12/no-one-at-the-helm-trustee-appointed-to-manage-death-row-records/|title=No One at the Helm: Trustee Appointed to Manage Death Row Records – Illinois Business Law Journal|date=September 12, 2006 }}</ref>

In June 2007, he placed his 7 bedroom, {{frac|9|1|2}} bathroom home in [[Malibu, California]], on the market for $6.2 million as part of his "financial makeover". The mansion was finally sold in December 2008 in bankruptcy court for $4.56 million.<ref>[http://www.hiphopdx.com/index/news/id.8193 HipHopDX.com - Suge Knight's Mansion Sold In Bankruptcy Court]. ''HipHopDX.com''. Retrieved December 3, 2008.</ref>

In June 2008, Death Row Records was put up for auction in Bankruptcy Court. The winning bid went to New York-based company [[Global Music Group]].<ref>[http://news.bbc.co.uk/2/hi/entertainment/7506883.stm Death Row label is sold for $24m], ''BBC News'', July 15, 2008. Retrieved December 18, 2009.</ref> Global Music Group failed to secure funding and the Death Row Records catalog eventually went to Wideawake Entertainment.

On January 25, 2009, an auction was held for everything found in the Death Row Records office after the company filed for bankruptcy, including some of Knight's personal items. Of note was the Death Row Records electric chair which sold for $2,500. Some of Knight's personal items appeared in an auction during the debut episode of A&E's ''[[Storage Wars]]'', and a vault full of items (including a coat) was purchased by featured buyer Barry Weiss.<ref>{{cite news |url=http://www.ocregister.com/articles/death-row-auction-2290871-records-chair |title=Electric chair is hot item at Death Row Records auction |newspaper=The Orange County Register |access-date=August 22, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20090628021054/http://www.ocregister.com/articles/death-row-auction-2290871-records-chair |archive-date=June 28, 2009 }}</ref>