Mary J. Blige Sued: Songstress Defaults on $2.2 Million Loan, Bank Hopes to Collect $58,000 Interest in Lawsuit

Reports confirm that Signature Bank is currently suing R&B songstress Mary J. Blige and her hubby for defaulting on a loan worth a whopping $2.2 million. The lawsuit was filed at the New York State Supreme Court in Manhattan on Wednesday (Nov. 28) - the bank is seeking to recover the original loan sum plus an additional $58,000 in interest.  The Grammy Award winner's production company Mary Jane Productions was also been named in the lawsuit - Blige's representatives have yet to comment on the songstress' defaulting on such a massive loan.

According to reports, 41-year-old Blige and her husband (Martin Isaacs) took out the large-summed loan in October 2011. Supposedly the "My Love" singer then defaulted on the loan agreement in July 2012. Blige's lawyers and publicists remained tight-lipped on details about the lawsuit, and have yet to speak to the media about the conditions surrounding the case.

This is not Blige's first run-in with financial issues. The popular singer/songwriter and record producer (who has sold an impressive 50 million albums worldwide), was recently involved in a controversial dilemma involving her charity "The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now Inc." The organization was accused of mishandling funds and cheating scholarship students earlier this year - Blige insisted that although there were some problems within the charity, she would be good to her word. In a June interview with Reuters the songstress claimed - "The lives of young women are at stake. I feel what they feel. I don't want them to suffer. I promised them something and I'm gonna deliver. Period."

So what do Mstarz readers think - why would Blige need to take out a $2.2 million loan, and why would she need to default it?