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Dame Dash Files For Bankruptcy
Dame Dash has officially filed for bankruptcy as his legal issues and substantive debts continue to mount.
The Roc-A-Fella Records co-founder has debts totalling $25 million relating to lost legal cases, an enormous tax bill and unpaid child support payment
According to legal documents, Dash claims he he has assets of less than $5,000.
He also says he receives no monthly income yet has expenses of around $2,500.
The documents state that the record executive’s largest asset is the $2,500 he owns in jewelry and clothing.
Dash owes $8.7 million in taxes to the state of New York and IRS while the New York State Department of Taxation and Finance is also owed $9.65 million.
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