“Damon Dash, The CO-FOUNDER OF ROC-A-Fella Records, Has Filed for Bankring, accounting to Court Documents Review by the Hollywood Reporter. Access to documents, filed in Florida on Thursday, Dash Is Filing for Chapter 7 Bankring, Stating that He’s Over $ 25 Million In Debt, While Having Just. Dash Co-Founded Roc-A-Fella”, – WRITE: www.hollywoodReporter.com
Access to documents, filed in Florida on Thursday, Dash Is Filing for Chapter 7 Bankring, Stating that He’s Over $ 25 Million In Debt, While Having Just. Dash Co-Founded Roc-A-Fella with Jay-Z and Kareem “Burke Back Back in 1994, and The Label Released Records Including Jay-Z’s Debut Reasonable DoubtAlso Signing Acts Such as Kanye West and Jadakiss.
In the filing, dash reported a few missions, including $ 500 worth of cloths, Two guns, his cereals and $ 2,500 worth of jewelry. Dash Reported About $ 5,200 in MONTHLY EXPENSES. The Executive Reported That He Owes Over $ 4 Million to Filmmaker JOsh Weber, As Well As Nearly $ 650,000 in Domestic Support Obligations to Ex-Partners Rachel Roy and Cindy Morales.
The Bulk of His Debts, However, Lies in Taxes to New York, California and New Jersey. Dash Reported that he Owes about $ 9.6 Million in New York, $ 3.5 Million in New Jersey and Nearly $ 5.8 Million in California. Dash Has Faced Financial Strugggles for Years; The New York Post Reported Last Year That New York State Had Bought Dash’s Share of ROC-A-Fella for $ 1 Million to Help Pay Down What Dash Owes in Back Taxes.
A rep for dash didn’t immedialate respond to request for comment on the Bankring filing.
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