Friday, September 20, 2013
DMX is Flat Broke
Rapper DMX filed for bankruptcy claiming zero assets and zero cash...
DMX has sold over 30 million records over the course of his career but according to his bankruptcy records he has no money in the bank, no jewelry, no electronic valuables and $50 in his pocket. $1.4 million in assets are tied up in pending litigation.
DMX is claiming debts of over $1 million in domestic support, $453,000 for a mortgage in Mount Kisco, N.Y. and $479,000 to various unsecured creditors.
According to the docs DMX pulls in $5,000 a month but his expenses exceed that amount by $221.