Rapper DMX is claiming that he is completely broke, having no money in the bank, and $50 to his name.
According to the Wall Street Journal, “The court documents show DMX’s estimated monthly income is $5,000 and that he has monthly expenses of $5,221, which include $1,000 on clothing and $500 on laundry and dry cleaning” (WSJ)
WSJ also reports the rapper has several outstanding debts.
“Among them are more than $1 million in unpaid domestic-support obligations that lead, in part, to his July filing for Chapter 11 Bankruptcy, the story says. DMX also owes unsecured creditors more than $475,000 and has a mortgage of more than $450,000 on a property in Mount Kisco, New York.” (WSJ)
DMX is set to appear in court October 8th for a bankruptcy case conference.