Dame Dash has put in those papers

[The Prince of All Saiyans]

Damon Dash Files for Bankruptcy, Facing $25M Debt, Might Go After Former Partner

Damon Dash is claiming he hit "Roc" bottom and has filed for Chapter 7 bankruptcy ... he says he's staring down 8 figures of debt but only has a few grand in assets ... and only $100 in cash!!!

www.tmz.com

Damon Dash is claiming he hit "Roc" bottom and has filed for Chapter 7 bankruptcy ... he says he's staring down 8 figures of debt but only has a few grand in assets ... and only $100 in cash!!!

According to court docs, 54-year-old Dash estimates he's currently in the hole with somewhere between one to 49 creditors, and only has a paltry amount of assets valued at $4,350 ... versus $5,200 in monthly expenses and $25,303,049.47 in liabilities.

One of those people he says he owes money to is Josh Webber of Muddy Water Pictures LLC, who was in a lawsuit with Dash stemming from their failed "Dear Frank" film.

He lists Webber in his docs as a creditor owed $4 million.

 

[OneManGang]

Dame more worried about playing the pause game and being bitter about how everything went than taking care of his finances. Cam said it best, he thought the money would never run out. Terrible financial management

 

[VegetasHairline]

https://www.thecoli.com/threads/exclusive-damon-dash-files-for-bankruptcy-to-get-breathing-room-from-25m-in-debt.1098102/

 

[The Prince of All Saiyans]

Dame more worried about playing the pause game and being bitter about how everything went than taking care of his finances. Cam said it best, he thought the money would never run out. Terrible financial management

he's got something brewing secretly, that business mind

 

[Diondon]

You suing another man? Might as well call him daddy.

 

[⠀X ⠀]

ROC Bottom…

 

[The Prince of All Saiyans]

ROC Bottom…

 

[Bumblebreh]

ROC Bottom…

 

[The Prince of All Saiyans]

https://www.thecoli.com/threads/exclusive-damon-dash-files-for-bankruptcy-to-get-breathing-room-from-25m-in-debt.1098102/

mod powers don't have power there to send that thread into this one to merge, sorry

 

[King_Kamala61]

I'm still shocked why he ain't put his funds up with Jay to make his money more money. Especially when he knew Jay was ambitious as being by his side his entire rap career.

 

[⠀X ⠀]

I'm still shocked why he ain't put his funds up with Jay to make his money more money. Especially when he knew Jay was ambitious as being by his side his entire rap career.

Dude was up 50 mil. he had endless possibilities when it came to building wealth. He wanted to “stack it and flip it” tho.

 

[MajesticLion]

 

[King Harlem]

He should've been filed bankruptcy.

 

[Screwface Exchange]

And this displays the difference in business philosophies between jay and dame.

Jay wants to use other ppls money and investors to make money and build business. Be partners with other companies.

While Dame wants to use his own money to invest in own ventures and be ur own boss. Full power, full responsibility and full of risk. Dame kept missing on his business ideas and his mistakes with women lead to owing in child support. He lost it all

 

[Mordith]

And his PAWG is still by his side holding him down....