DMX files Chapter 11 bankruptcy

The rapper known as DMX has filed for protection under Chapter 11 of the bankruptcy code. The famous artist sites “financial strains” and “poor financial management” as reasons for the bankruptcy filing. His publicist states that the financial strains have inhibited his career for many years. Court papers reflect that DMX has less than $50,000 in assets but between $1 million and $10 million in debt. A huge part of the debt is the $1.24 million he owns in child support.

For more on this story read, “Rapper DMX files for bankruptcy protection to ‘reorganize’ finances.”

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