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.]