AllHipHop.com MOBILE, News  

DMX’s Bankruptcy Filing Thrown Out Of Court Over Inconsistencies; Wife Says Rapper Spent $40 Million

DMX

(AllHipHop News) Legal issues continue to dog rapper DMX, whose bankruptcy filing was just thrown out of court.

The rapper has been prohibited from filing for bankruptcy for another 18 months, meaning he is exposed to almost $1.8 million worth of debt owed to creditors.

According to the presiding judge, DMX has failed to provide accurate information about his financial status.

The judge cited the rapper for providing inconsistent documents and untrustworthy information regarding his financial affairs.

DMX’s wife Tashera Simmons was recently interviewed on The Breakfast Club on New York’s Power 105.1 to promote her new book “Finding Tashera,” which details her relationship with DMX.

During the interview, Tashera revealed that DMX had earned and spent over $40 million during the course of his career.

At one point, the rapper was shelling out over $100,000 a month in miscellaneous expenses, including credit cards.

“He used to spend recklessly. When I told him I didn’t want to be with him anymore because of all of the stuff that was going on, he said ‘well I’m gonna see how you’re going to live without any money’ and I thought he was playing. I called the accountant and said ‘the mortgage hasn’t been paid’ and she said ‘you got to take that up with your husband.’ Only because I had a stash that I put away is the only reason I refuse to kiss his butt to take care of me.”

DMX’s representatives said they are working with the rapper to book more shows, as well as resolve his issues with his passport, so he can take advantage of an international tour.

Check out the interview below (finances are discussed at 22:20):

blog comments powered by Disqus

AllHipHop Archives of Culture

Copyright © 1998 to Infinity, AllHipHop.com, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited. Powered by WordPress.com VIP

AllHipHop.com Today