$50 dollars is all he has left DMX claims he has lost all of his riches and more
|$50 dollars is all he has DMX claims he has lost all of his riches and more|
According to The Wall Street Journal, new court filings in DMX’s recent Chapter 11 bankruptcy case show that the once multiplatinum rapper only makes an estimated monthly income is $5,000. However, his monthly expenses total up to $5,221, which include $1,000 on clothing and $500 on laundry and dry cleaning.
|DMX Opens Up|
X is claiming that his dire financial situation has left him with only $50 in his pocket, no money in the bank and that he has no personal property of value, including items like electronic equipment, jewelry, clothes and cars.
His financial crisis doesn’t bode well for him, as he owes over $1 million in unpaid domestic-support obligations, which partly lead to decision to file for bankruptcy in July. X also owes $479,000 to unsecured creditors and more than $439,000 on a mortgage to a property in Mount Kisco, N.Y.
At this rate, if DMX doesn’t find a way to fix his finances, it looks like he’ll not only be facing more legal drama but also jail time for lack of child support payments.