Tuesday, May 28, 2024
HomeEntertainmentDMX Files for Chapter 11 Bankruptcy

DMX Files for Chapter 11 Bankruptcy

capture-20130730-122559-crop

DMX officially filed for Chapter 11 bankruptcy on Monday, July 30th, in a Manhattan bankruptcy court. Legally known as Earl Simmons, DMX filed court papers which stated that he currently has less than $50,000 in assets and he has up to $1-$10 million in debt. He currently owes $1.24 million in child support and over $21,000 on an auto lease, along with other unsettled financial issues.

Chapter 11 bankruptcy is available to consumers and businesses, and DMX stated in official court papers that he filed in order “to enable me to recognize my financial affairs.”

The Heat Reporter
The Heat Reporterhttp://theheatmag.com
Known in entertainment circles as "LA Dre", the Editor of The Heat Magazine works tirelessly to bring you the latest & greatest in entertainment news. He spent years in the industry & now brings some of that insider knowledge to his readers.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

Melissa Ellis on CONTROL!!!
Arlene Culpepper, Asst. Editor-in-Chief on STRAIT JIGG: ‘Ova Ya Dome’ Mixtape Debuts
GI GI on Interviews
bestever2682 on Lil Kim Boycotts BET Awards
J. 'StraitJigg' Wineburg on 16 Year Old Becomes Face of Louis Vuitton
J. 'StraitJigg' Wineburg on 16 Year Old Becomes Face of Louis Vuitton
Arlene Culpepper, Asst. Editor-in-Chief on Jack Spratt: A Genuine New Orleans Original
Arlene Culpepper, Asst. Editor-in-Chief on D.E.T.D.F.’s Annual Easter Egg Hunt
J. 'StraitJigg' Wineburg on Mike Tyson Covers Esquire Magazine (Photo)