*When DMX got busted last week in South Carolina for driving without a license, dash-cam video showed – and he confirmed when asked by the state trooper what kind of car he was driving – an old beat up 1978 Plymouth station wagon.
It’s obvious X has fallen on some hard times. Now, according to his publicist, Domenick Nati, the down-on-his-luck rapper has filed for Chapter 11 bankruptcy.
According to the Wall Street Journal, the New York native and current South Carolina resident owes $1.24 million in child support and more than $21,000 on an auto lease, among other obligations. His principal asset is a 50% stake in property in Mount Kisco, N.Y.
Below is the statement about DMX’s bankruptcy filing.
“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 oversees. We are currently planning a tour in Europe and Africa for the fall of 2013.”
~ Domenick Nati (Nati Celebrity Services)
Filed Monday in the Manhattan bankruptcy court, the Chapter 11 petition of Earl Simmons, aka DMX, lists less than $50,000 in assets and $1 million to $10 million in debt.
SOURCE: EURweb.com
Article and Picture Courtesy of EUR Web
DMX Files for Bankruptcy was originally published on wzakcleveland.com
