Dmx - Dmx Bankruptcy Case In Danger Of Dismissal

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Lawyers at the Justice Department are challenging rapper DMX's recent bankruptcy filing, claiming his paperwork is filled with inconsistencies.

The hip-hop hitmaker, real name Earl Simmons, filed for bankruptcy in July (13) in New York, revealing he has less than $50,000 (£33,333) in assets and debts of more than $1 million (£666,667).

Officials at the Justice Department are asking a judge to convert Simmons' filing from Chapter 11, which allows for a financial overhaul, to Chapter 7, which means he would have to sell off his assets to repay creditors or to dismiss the bankruptcy filing.

Among the inconsistencies in the court filings are his monthly income - one report states Dmx makes $5,000 (Gbp3,330)-a-month and another claims his income is $1,667 (Gbp1,111). Another filing lists $0 worth of clothing among his assets, but he has previously claimed he spends $1,000 (Gbp667) per month on clothes, according to The Wall Street Journal.

In 2009, another bankruptcy filing was dismissed because the rapper "unreasonably delayed" it.

In addition to the bankruptcy, Dmx is also dealing with a Dui charge stemming from a July (13) arrest in South Carolina.


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Blacks are Animals's picture

Blacks are Animals

What a loser

1 year 1 month ago
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