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DMX Files for Bankruptcy
RnB/Hip Hop | Wednesday 31st July 2013 | Matt
DMX Files for bankruptcy.
The troubled rapper who and has had multiple run-ins with the law and drug problems and was only last week arrested for a DUI(http://guestlist.net/article/9404/dmx-arrested-for-dui/) has filed for Bankruptcy.
The ‘Wall Street Journal’ reports that the platinum selling New York native filed documents on July 29th in Manhattan court stating that he has $50,000 in assets, while owing between $1 and $10 million in debts. X told authorities he filed for Chapter 11 “to enable me to reorganize my financial affairs.” Over $1 million of X’s debts are related to unpaid child support.
Fortunately for us there is some good news to come out of this. Previous financial difficulties have prevented the star from leaving the USA. By filing for bankruptcy DMX should finally become eligible for a passport and work visa meaning he can perform over in Europe again! The rapper’s publicist has already stated that he is currently planning a European tour for later this year!
Read about more about DMX and other shocking moments in Hip Hop history here: http://guestlist.net/article/9358/top-5-shocking-moments-in-hip-hop/
Written by
Matt Watkins
