updated 04/21/2004 AT 1:00 AM ET
•originally published 10/20/1997 AT 12:00 AM ET
Rapper Master P is being sued by a Louisiana bank that claims that he owes $739,000 on a line of credit that he secured in May of last year, reports the Associated Press. The legal suit, filed late last month in East Baton Rouge Parish, claims that the New Orleans-born musician (whose real name is Percy Miller) has fallen behind in repaying a promissory note. Master P reportedly presides over a multi-million dollar empire that includes real estate holdings and both a fashion label and a record label called No Limit. Last year, however, Miller said he was restructuring his financially troubled record label. Neither party would comment on the lawsuit.