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!
Na Waoo!
Earl Simmons, DMX, 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.”
Perezhilton
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