Exclusive: DMX In Secret Bankruptcy Battle

Exclusive: DMX In Secret $2 Million Bankruptcy Battle

- By Bossip Staff

“Slippin” Rapper Said He Owes More Than $2 Million – More Than Half Is Child Support

DMX is battling addiction and the feds over an alleged tax fraud scheme, but now it seems like the rapper had another fight on his hands.

DMX, who was born Earl Simmons, secretly filed for bankruptcy late last year, and the artist, who has sold millions of records over the years, said he has assets of $350,000 but owes more than $2 million, according to his bankruptcy petition, which was obtained by BOSSIP.

Among his debts include $950,000 for his mansion’s mortgage, more than $530,000 in back child support to the state of New York, $35,719 in local taxes in Arizona, another $1.4 million in back support to Los Angeles County Child Support Services and thousands in unpaid medical bills and fees to debt collection agencies.

Photo By Jennifer H. Cunningham

He said he has no assets other than the equity in his Westchester County, New York mansion, which he said was $350,000. He said he has no cars, jewelry, clothing or cash on hand – all the trappings of a successful rapper, according to X’s bankruptcy papers.

In court docs, DMX admits that the bankruptcy filing was a last-ditch attempt to save his mansion and family home from being sold at a foreclosure auction.

But DMX hindered his own chances of getting his finances back on track through the bankruptcy because he failed to show up for hearings, didn’t make plan payments, and didn’t disclose he’d filed for bankruptcy an additional three times since 2009, his court docs state. The judge eventually threw the case out in May 2017.

The rapper is currently in rehab after violating bail and testing positive for cocaine in his tax fraud case. The feds accused DMX of deliberately withholding some $1.7 million in federal income taxes from the government for years.

We reached out to DMX’s bankruptcy lawyer for comment.

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