Dame Dash Drowning In Debt. On The Verge Of Losing His Home

 

There was once a time when Damon Dash could buy anything he wanted and not think about the price tag. He lived a lavish lifestyle, but those days are over.

 

While his former Roc-A-Fella Records partner, Jay-Z, is worth nearly a half billion dollars, Dame is on the verge of being out on the street as he faces eviction from his Carmel, New York home.

 

 

While in court on Tuesday, the former mogul detailed some of his current financial problems.

 

I am currently several months behind in paying my personal bills,” he wrote in the 5-page filing. “For instance, I am currently over $100,000 behind in rent for the only home in which I live and at risk of being evicted.”

Dame and ex-wife Rachel Roy

Dame was back in Manhattan Supreme Court on Thursday fighting a charge of ignoring a 2008 lawsuit from a garment industry lender seeking payback for a $237,078 loan.


He asked the judge not to garnish his wages citing other financial commitments, such as alimony and child support.


- He pays $24,000 every three months to his ex-wife, fashion designer Rachel Roy, for child support of their two kids, and to cover money owed on the lofts.

 

- New York state forces Dash to send another $4,341.10 per month for support of his son, Christian.

 

- He paid nearly $20,000 in garnished wages in late 2012 for other debts.


- And he faces a pending $40,000 tax payment for business earnings.

"I'm an independent businessman and this is what comes from business," Dash said in an email from his attorney, Gregg A. Pinto. "I have the guts to fight my battles on my own and it's entertainment to everybody else because I'm so cool about it."

In 2008 Dame lost his leased SUV after he missed his $714.99 monthly payment. 
In 2010 he lost a pair of multimillion-dollar Tribeca lofts to foreclosure in 2010


Source NY Daily News

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Tags: Dame, Dash, Debt., Drowning, His, Home, In, Losing, Of, On, More…The, Verge

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Comment by KEIZER SOZE on May 17, 2013 at 1:00pm
I guess he aint ... THE ULTIMATE HUSTLER .. NO MORE (lmao) LIFE is THE DASH Like he used to say aka BORN DATE - DEATH DATE ... DAME DASH is a D/I/C/K/H/E/A/D .. Getting what he DESERVES
Comment by noorizer on May 13, 2013 at 12:54am
lol. I dont feel bad for this nicca.. was showing off his spending all the time. married some B**** who didn't even love him.. wearing outfits once and get rid of them, who does that s***?. now he aint got s***... Karma is a B**** aint it.
Comment by swagged up bully on May 12, 2013 at 10:40pm
dash is playing in garbage out here....
Comment by Tempertantrum on May 12, 2013 at 8:17pm
Ain't so bad my n**** looks like your gonna have to get a job like the rest of us ....try an scale back
Comment by Tempertantrum on May 12, 2013 at 7:52pm
Damn the ultimate hustler sounding like the ultimate buster ask jay or cam for some help DAMN
Comment by New Money on May 12, 2013 at 1:47pm
Damn I wish bad luck on no one, but damn, this a bad way to go out... Jay Making it, and Dame losing it...pick your friends carefully....
Comment by d Amo on May 12, 2013 at 9:29am
This dumb negro. I bet when he thinks back to the days when he would wear a pair of trainers once and chucks them he is filled with regret. Black men are smart, but Nigers are dumb. This why white America still laugh.
Comment by Roamn Profit on May 11, 2013 at 8:15pm
This dude is the reason JayZ and his entire camp even have a career. JAY F***** THIS DUDE OVER.
I feel for Dame. Dude put his heart and soul into that company, only to get f***** over.
In saying that, I have no sympathy for someone who HAD millions of dollars but didn't pay their liabilities!
Comment by RedVillainy on May 11, 2013 at 7:23pm
Illuminati tarnishing his image for going against them, I hope he don't off his self...Unless he can come up with another Sacrifice..The industry will never let Dame eat again..Its too many occult signs for me to believe these artist aren't apart of anything....
Comment by Todd Robinson on May 11, 2013 at 6:39pm
Never get married! To many of these dudes handen they money to someone who never did a thing in her life. 29k.. only in America!



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