Even though his last album sold less than 50k total, I still thought DMX was caking up with tours or something. For someone that was the financial savior of Def Jam Records arround the late 90s, it is hard to believe he is currently broke. On Monday, DMX filed for chapter 11 bankruptcy.
"The rapper DMX filed for Chapter 11 bankruptcy protection, court records
show, days after his arrest on suspicion of driving under the
influence. Filed Monday in the Manhattan bankruptcy court, the Chapter
11 petition of Earl Simmons, aka DMX, lists less than $50,000 in assets
and $1 million to $10 million in debt. The rapper said in court papers
that he filed for Chapter 11 bankruptcy, which is available to both
businesses and consumers, "to enable me to reorganize my financial
affairs." (Wall Street Journal)"
Well, I hope he can reorganize his life, cos I am a big fan. Even his last album (Undisputed) was real dope.
