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DMX Files For Bankruptcy… OWES Up To $10 Million In Debt!

After several years of jail stints, legal battles and still owing $1.24 million in child support, Yonkers native and rapper DMX has filed for bankruptcy all because of poor financial management by previous representation.

X’s rep Domenik Nati shortly released a statement yesterday explaining why the rapper is filling for Chapter 11 bankruptcy. Domenik says:

“DMX’s financial strains have been inhibiting his career for several years. Poor financial management by prior representation have caused him to be ineligible to retain a passport. The purpose of this bankruptcy filing is for reorganization so he can perform for his fans oversees. We are currently planning a tour in Europe and Africa for the fall of 2013.”

In the filed docs, DMX states that he only has $50,000 in assets and owes up to $10 million in overall debt which includes a $21,000 auto lease.

DMX was recently arrested on suspicion of driving under the influence without a driver’s license in South Carolina.

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1 Comment

  1. smh

    August 3, 2013 at 4:50 am

    Dayyum homie,, back then you was the shit, now you getting delt shit.. All because you wanna say fuck responsibilitys.. Get high,drink, until your dead & gone..

    Not the way you should go out..
    Still got luv for ya though, just not feeling ya moves.. #checkmate

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