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DMX Files For Bankruptcy

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Rapper Owes Close To $10 Million In Debt
6:00AM ET July 31st, 2013
Contributor : Chris G.
A Rocky Williform Company

DMX Files For Bankruptcy

DMX filed documents in Manhattan court this week stating that he is filing for bankruptcy and has $50,000 in assets, while owing between $1 and $10 million in debts. The rapper star filed for Chapter 11 âto enable me to reorganize my financial affairs.â

His publicist, Domenick Nati, gave a statement explaining the rapper's situation.

"DMX's financial strains have been inhibiting his career for several years," Nati told HipHopDX. "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."

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