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DMX Is Bankrupt And Millions Of Dollars In Debt!

| Filed under: Icky Icky PooLegal MattersDMXFamily

dmx bankrupt doodle

Ohhh! Noooo! That's how Ruff Ryders roll!

DMX has officially filed for bankruptcy, just days after being arrested for suspicion of drunk driving!

According to court documents filed Monday, the rapper is now listing less than $50K in assets! Aside from a 50% stake in his Mount Kisco, NY estate, DMX is down to nearly nothing!

Ooof. That's not good!

His financial woes get worse though.

DMX, whose real name is Earl Simmons, is also said to owe up to $10 MILLION, including $1.24 million in back child support!

Today, the original Ruff Ryder released a statement explaining how he got so deep in the hole. His camp explained:

“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 overseas. We are currently planning a tour in Europe and Africa for the fall of 2013.”

Really??? A European/African tour is the answer to financial stability? Is France overflowing with DMX fans, or something???

For the sake of his TEN children (yes, that's ten, as in 1-0) we hope he can get his act together and start making hits like he did in the 90s and 2000s!

Maybe DMX should follow his own advice and stop, drop, shut 'em down and open up shop. Actually, we have no idea what that means.

Whatever, just get it together, dude!

[Image via WENN.]

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2 comments to “DMX Is Bankrupt And Millions Of Dollars In Debt!”

  1. 1

    Yeah Ms. Perez, how is your great record company doing???
    Get out of your rear….yes there are international fans of hip hop. I don't know how popular DMX is, but, hip hop is as big there in some instances, as it is here.
    As you celebrate more schadenfreude for DMX again, just asking….how's Perez Records going. I'm sure Warner Bros is just thrilled with the partnership! NOT!

  2. Mike Della says – reply to this


    Yikes! 10 million dollars of debt is serious, but DMX has a lot of kids to take care of I guess. For regular people with regular budgets, debt relief companies can help you get a handle on your credit card debt before it gets out of control. There are reputable companies out there that have the knowledge to consolidate your credit so you're making a lump sum payment every month.