DMX may have sold millions of album worldwide and be the only rapper to hold the honor of cussing Iyanla Vanzant slap the fuck out on national television but none of that matters to the collection agencies calling his Cricket cell phone.
Days after being arrested on suspicion of driving under the influence and for failing to have a valid driver’s license, X filed for Chapter 11 bankruptcy protection in a Manhattan bankruptcy court on Monday (July 29).
The New York native and current South Carolina resident’s Chapter 11 petition lists less than $50,000 in assets and $1 million to $10 million in debt.
Totally disregard the fact that his license has been suspended since before the last ‘Flavor of Love’ spin-off reality show standing took its final breath — he owes more than $20,000 on an auto lease, the Washington Post reports. He also owes $1.24 million in child support.
“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,” elaborated Domenick Nati, a representative for X, in a statement. “The purpose of this bankruptcy filing is for reorganization so he can perform for his fans oversees [sic]. We are currently planning a tour in Europe and Africa for the fall of 2013.”