💔Prayers Up For Dame Dash This IS BAD‼️
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Damon Dash’s Chapter 7 bankruptcy filing reveals over $25 million in debt, including massive tax bills and judgments.Damon Dash filed for Chapter 7 bankruptcy in Florida as he seeks protection from more than $25 million in debts mostly tied to unpaid taxes, child support and legal judgments. The 54-year-old Roc-A-Fella Records co-founder submitted a 56-page petition to the U.S. Bankruptcy Court for the Middle District of Florida on Thursday (September 4), listing just $4,350 in personal property.
That includes a $500 phone, $2,500 in jewelry, clothing, two firearms and $100 in cash. He reported monthly expenses of $5,200 and no income.This isn’t exactly shocking. Damon himself told the court through lawyers that he was considering making this move, which could turn out to be a shrewd business move. #damedash #damedashbankrupt
Chapter 7 bankruptcy offers individuals the opportunity to hit the reset button when debt becomes unmanageable.
It clears away most unsecured bills, such as credit cards, medical expenses, or payday loans, in just a few months. Once that happens, collectors can’t call, sue, or garnish wages.
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