The New York Post reported Sunday that Method Man‘s 2008 Lincoln Navigator was repossessed by state officials. Method Man [click to read] , whose real name is Clifford Smith, allegedly owes over $50,000 in income taxes. The vehicle was seized from his Staten Island home this past Wednesday.

Despite reports of financial troubles, this April, Meth and fellow rapper Redman are planning to collaborate on more than just Blackout 2 [click to read]. The duo is sponsoring a day of free haircuts for children at a Staten Island barbershop from 10 a.m. to 6 p.m.

In other news, Hip Hop group N.E.R.D. [click to read] cancelled shows this past weekend in Indonesia after neighboring Malaysian authorities detained band members. The group had just performing at the Sunburst KL International Festival in Jakarta, Indonesia when they were held up by police for failing to get a permit from the Malaysian government. The government, which has strict guidelines for clothing and behavior, reportedly rejected the group’s performance permit, saying that the group members were dressed obscene.

decided to fly back to the U.S rather than completing the tour.