DMX files for Bankruptcy !

[Nate Dogg]

I didn't know the guy was in this much trouble. Jeesh!

It's been a tough month for DMX. Yesterday (July 29), the rapper filed for Chapter 11 bankruptcy in Manhattan. According to the Wall Street Journal, the 42-year old, born Earl Simmons, owes $1 to $10 million in debt with only $50,000 in assets. This debt includes $1.24 million owed in child support and $21,000 on an auto lease.

News of DMX' bankruptcy comes just days after his arrest for suspicion of driving under the influence and driving without a license in South Carolina. Simmons was released after passing a breathalyzer test and posting $1,235 in bail.

Source: http://www.billboard.com/articles/news/5180601/dmx-files-for-bankruptcy

 

[Natebishop3]

The funny thing is, he and Jay-Z were on par back in like 96, but Jay-Z only got better and DMX just fizzled out.

 

[Haakzilla]

The funny thing is, he and Jay-Z were on par back in like 96, but Jay-Z only got better and DMX just fizzled out.

...probably because DMX never sold his soul to the

 

[JfizzleBlazer]

I still love some of DMX's stuff. Dude has been on a downward spiral for years.

 

[Charcoal Filtered]

He has been a train wreck for awhile.

 

[BLAZER PROPHET]

Oh well, now he can sign the blues.

 

[maxiep]

$50K in assets and $1-10MM in liabilities? Who does he think he is...Detroit?

At some point, you need to stop spending money.

 

[Nate Dogg]

[video=youtube;qVA_WPsLkws]

One of my favorite songs of his.

 

[Nate Dogg]

Maybe he should go back to acting to make up his debt. Like in the film "Romeo Must Die". DMX shows up at the 2:19 minute mark.
[video=youtube;0lo0R1Ft5bA]
or here torwards the end.
[video=youtube;iL9gbk3YnKw]