DMX files for Chapter 11 Bankruptcy....... Should have taken the YMCMB and/or MMG offers

Still Benefited

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Well He ain't DMX-level broke so :yeshrug:

I've never known Busta to struggle though,I've heard he's smart with his money and investments,can't attribute him not bein broke to cash money....not sure about Mystikal tho,maybe they treatin em right:manny:...when its possible to owe one million in child support in this country under the current fuked up system,u gon need to hussle a lot harder than I think dmx has been known for...don't see any reason he can't make big money tourin overseas all the time...fuked up he has to work himself into the ground in order to pay these greedy women but :manny:
 

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Tyga and Ace Hood both said they never received a check from CMR or YM. All that label does is make nikkas hot enough to get booked for shows and even then they probably eat off their show money via 360 deals.
 

Mac Casper

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Why work for Rick Ross or Lil Wayne to earn money that'll pay off debts that you decided to agree to while high?
 

Big Boss

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Damn she fine
 

Big Boss

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Tyga and Ace Hood both said they never received a check from CMR or YM. All that label does is make nikkas hot enough to get booked for shows and even then they probably eat off their show money via 360 deals.

When did ace hood say that?
 

Long Live The Kane

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Didnt Master P file for bankruptcy a few years back?

u think he was dead broke too?
:usure:

Not quite...Percy didn't have a choice....he was forced into involuntary bankruptcy by the courts, so they could seize and liquidate/auction his assets because he couldn't pay $250k he owed the crew of one of his failed movies

http://theboombox.com/master-p-forced-into-bankruptcy-court-over-240-000/

Though Percy “Master P” Miller has been celebrated for his many philanthropic initiatives over the last couple of years, the New Orleans rap pioneer is facing bankruptcy due to a lawsuit filed by former employees.

TMZ reports that Miller was successfully sued for compensation by several members of the crew of his 2007 film ‘Uncle P,’ which he starred in, alongside cameo appearances by funnymen Cheech Marin and Ken Jeong. According to court documents, Miller apparently failed to pay the judgement, and the matter has now been taken to U.S. Bankruptcy Court in Los Angeles, Calif.

The disgruntled crew members are allegedly seeking $240,000 in restitution, a paltry sum compared to the $661 million Miller was at one time estimated to be worth, but apparently enough to force him into bankruptcy, where an independent trustee will manage his remaining assets, and hopefully award the plaintiffs their compensation.

According to court documents filed back in March, Miller lists his monthly income at $1,387, and pays the state minimum $271 in child support monthly for his four children. He previously filed for bankruptcy back in 2003.




So while there's semantics over what constitutes "dead broke" I guess, he didn't have $250k in liquid cash on hand to pay the lawsuit
 
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L. Deezy

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how is he broke tho? DMX never struck me as the type to spend money.
 
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