When The Money’s Gone: Damon Dash Claims He Is Broke & Can’t Pay His Bills

May 12, 2013  |  

If this is true, Dame Dash is drowning in debt right now.

In a report by The New York Daily News, Dash filed papers on Tuesday saying is so deep in debt that he cannot pay his personal bills, which includes his rent in a Carmel, NY mansion where he is currently behind in rent by $100,000.

Over the past few years, Dash has lost two New York City lofts to foreclosure, his vehicle has been seized, he owes $2 million dollars in New York State taxes, an undisclosed amount in federal taxes and he says he’s facing criminal charges for non-payment of New Jersey state taxes.


On Thursday, Dame went to court to ask the judge not to garnish his wages (whatever they are). He says that at this time, his money goes to the following (your mouth will drop):

– 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.

Dash says in paying for all that, he is barely keeping his business afloat let alone able to pay his personal bills.

Well, we can see how that could be the case.

Dame sent a message through his attorney saying:

“I’m an independent businessman and this is what comes from business.  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.”

How “cool” can you really be when you’re obviously still spending beyond your means and barely have a place to lay your head?

It sounds like someone needs to put their pride to the side and get himself together.

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