DMX Bankruptcy Filing Rejected By Federal Judge
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MrCrookedLetter
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in The Reason
A New York federal judge has denied DMX's recent bankruptcy filing.
According to The Journal News, The 42-year-old Yonkers, New York native had his bankruptcy claim shot down Friday due to noncompliance. X is slated to lose numerous possessions, including his share of a Mount Kisco home as the ruling makes his property attainable by creditors.
X's publicist, Domenick Nati says his client's most recent run in with financial troubles will not hinder his upcoming musical performances.
"Despite this recent obstacle, the team will continue to move forward with DMX's national performances and we are still working relentlessly at obtaining his passport for his fans overseas."
X filed for Chapter 11 bankruptcy on July 29. According to filed documents in Manhattan court, the rapper born Earl Simmons stated he has $50,000 in assets, while owing between $1 and $10 million in debts. Simmons' biggest debt is the $1.3 million he owes in child support.
DMX has faced numerous legal setbacks in his career and as of late. Last week the former Ruff Ryders rapper was arrested in South Carolina on charges of driving with a suspended license, not having a car tag and not having automobile insurance. In late August, he was reportedly riding as a passenger in a Ford F-350 pick-up truck when the vehicle made an illegal lane-change.
http://www.hiphopdx.com/m/index.php?s=news&id=26190
Comments
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This ? can't catch a break
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genocidecutter wrote: »This ? can't catch a break
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Wonder how much he gets for a show now
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Damn they won't even let him go bankrupt...
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Got damn
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Why was that ? crying like that in the first gif
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Damn
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This ? need to goto Africa for a month like Dave Chapelle
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This ? need to goto Africa for a month like Dave Chapelle
That's his problem, the ? needs a passport & can't get one -
they really shutting this ? down
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I thought X just had one more road to cross...
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Illuminati killing him
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Lord send him a sign...
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Wonder how much he gets for a show now
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Somehow somewhere......this is Jay-Z's fault
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the ruff ryders can't help him out..if he could get his ? together he can make a ? load of money in europe and asia
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It's really not een funny no more...
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I think he burned a lot of bridges someone said he got beat up by the ruff ryders. I think hes got a stash like Dame.
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ROZAYTABERNACLE wrote: »
But the problem is that if he sold his royalties then he doesn't own the rights to any of those songs. If he doesn't own the rights to the songs he doesn't get to charge admission to perform those songs in front of a crowd.
In otherwords, you can't make a living performing music unless its your own music. -
CraigMakaveli wrote: »I think he burned a lot of bridges someone said he got beat up by the ruff ryders. I think hes got a stash like Dame.
He's a drug addict so like most addicts he's burned bridges by kicking people out his life who tell him he needs help. DMX is in this position because of DMX and his own ? up choices. -
Damn Xs life is a mess I bet all he does is smoke ? and make sad songs in his studio. He needs to get some new hobbies.
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stackzmobundlez wrote: »they really shutting this ? down
they gonna go through his assets and open up shop.