Damon Dash is claiming he hit “Roc” bottom and has filed for Chapter 7 bankruptcy … he says he’s staring down 8 figures of debt but only has a few grand in assets … and only $100 in cash!!! According to court docs, 54-year-old Dash estimates…
Damon Dash is claiming he hit “Roc” bottom and has filed for Chapter 7 bankruptcy … he says he’s staring down 8 figures of debt but only has a few grand in assets … and only $100 in cash!!! According to court docs, 54-year-old Dash estimates…
Damon Dash is claiming he hit “Roc” bottom and has filed for Chapter 7 bankruptcy … he says he’s staring down 8 figures of debt but only has a few grand in assets … and only $100 in cash!!!
According to court docs, 54-year-old Dash estimates he’s currently in the hole with somewhere between one to 49 creditors, and only has a paltry amount of assets valued at $4,350 … versus $5,200 in monthly expenses and $25,303,049.47 in liabilities.
One of those people he says he owes money to is Josh Webber of Muddy Water Pictures LLC, who was in a lawsuit with Dash stemming from their failed “Dear Frank” film.
He lists Webber in his docs as a creditor owed $4 million.
The embattled mogul also has IRS and state tax departments breathing down his neck … but Dame is claiming his former Roc-A-Fella Records partner, Kareem “Biggs” Burke, owes him an unknown amount of money … and says he has other possible claims to get money from Chris Brown, Claudia Jordan, Webber, and several other individuals.
It looks like a pretty dire financial situation, but Dame’s also been actively doing interviews in promotion of his new music and film projects … hopefully some of them hit and bring in some cash!