Well, they say it’s hard out here for a pimp. Comedian Katt Williams has filed for bankruptcy, according to Humor Mill magazine.

Katt has been involved in several tours that have grossed over $50 million dollars. He also turned down an offer from Comedy Central for over $50 million and he claimed he retired from doing stand up late last year.

After all his antics with Steve Harvey, I wonder who’s laughing now.