It’s been a rough month for Ruff Ryder DMX.
The Yonkers-raised rapper filed for Chapter 11 bankruptcy on Monday, days after he was arrested for driving without a license and suspicion of DUI. (Get the lowdown on his arrest.)
According to court documents, DMX has less than $50,000 in assets. The Wall Street Journal reports that his principal asset is a 50 percent stake in a property in Mount Kisco.
The sometimes actor says his debt is somewhere between $1 million and $10 million. He also owes $1.24 million in child support.
DMX’s rep released the following statement after the bankruptcy filing:
“DMX’s financial strains have been inhibiting his career for several years. Poor financial management by prior representation have caused him to be ineligible to retain a passport. The purpose of this bankruptcy filing is for reorganization so he can perform for his fans oversees. We are currently planning a tour in Europe and Africa for the fall of 2013.”
Seems like the man who famously asked “where my dogs at?” is now asking “where my lawyers at?” What do you think about DMX’s bankruptcy filing? Will he ever get it together? Tell us in the comments!