Now Dame has filed for bankruptcy...
From AllHipHop
Damon Dash filed for Chapter 7 bankruptcy in Florida as he seeks protection from more than $25 million in debts mostly tied to unpaid taxes, child support and legal judgments.
The 54-year-old Roc-A-Fella Records co-founder submitted a 56-page petition to the U.S. Bankruptcy Court for the Middle District of Florida on Thursday (September 4), listing just $4,350 in personal property.
That includes a $500 phone, $2,500 in jewelry, clothing, two firearms and $100 in cash. He reported monthly expenses of $5,200 and no income.
Court filings show Damon Dash owes over $8.7 million in back taxes to New York State and the IRS, with debts dating back to 2005. The New York State Department of Taxation and Finance alone is seeking $9.65 million, while Los Angeles County wants $5.79 million.
The New Jersey Division of Taxation is pursuing $3.5 million from the early 2000s, bringing the total to over $19 million that is due to the Federal Government.
Damon Dash also owes more than $647,000 in unpaid child and spousal support, including obligations to ex-wife Rachel Roy and Cindy Morales. The New York City Department of Social Services claims another $487,000 in arrears and educational costs.
The filing includes over $5.5 million in unsecured claims, comprising lawsuits, unpaid wages and legal fees. Among the creditors are filmmaker Josh Webber and Muddy Waters Pictures, who won a $4 million default judgment against Dash in 2025 over the film Dear Frank.
Photographer Monique Bunn is owed $30,000. Producer Edwyna Brooks is listed at $78,000, while attorney Christopher Brown is owed $100,000.
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