DMX Files For Bankruptcy, Owes $1.24M In Child Support
DMX has filed for Chapter 11 bankruptcy protection. Reportedly, the Yonkers rapper owes $1.24 million in child support, among other sizeable debts, but his assets total less than $50K.
The Wall Street Journal reports: 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. The rapper said in court papers that he filed for Chapter 11 bankruptcy.
DMX owes $1.24 million in child support and more than $21,000 on an auto lease, among other obligations.
According to DMX’s press representative, the bankruptcy filing is necessary for X to start touring overseas. “DMX’s financial strains have been inhibiting his career for several years,” says Domenick Nati via a press statement.
Late last week, DMX was arrested for DUI in South Carolina.