It’s been a “Ruff” year for the embattled rapper…
Troubled rapper DMX, 42, has broken down after years of financial instabilities and wracking up millions of dollars in debts and filed for bankruptcy.
Earl Simmons, rapper/actor stated in his legal papers filed at the United States Bankruptcy Court in New York City on Monday, that he only has less than $50K in assets but more than $1 million to $10 million in debts. Admitting at least $1.2 million is actually due in child support payments.
It doesn’t stop there, Friday just a few days prior, Dark Man X was arrested in South Carolina and charged with driving without a license and under the influence..Shocker. However, his spokesperson did insist he was innocent and DMX was later released without charge.
His rep tells MTV News: “Allegations about DMX being arrested for drunk driving are false. He was arrested early this morning but quickly released. X was given a breathalyzer test and easily passed it.”
“He is back at his home in South Carolina and we are continuing our focus on his upcoming album and acting roles.”
Previous poor financial management that’s caused him to be ineligible to retain his passport are just one of the many reasons for filing Chapter 11 bankruptcy. The Mount Vernon MC is in bad shape and wants to overcome certain touring issues. He plans on reorganizing to combat several roadblocks in his quest to keep generating income. To quote ‘Flesh Of My Flesh, Blood Of My Blood’ – “Keep a bank account doubling but don’t hate me” ….We Care.