Celebrity Gossip Never Looked So Good ®
YBF on Twitter YBF on Facebook YBF on Instagram Feed

So...Dame Dash Filed Court Papers Claiming He's Broke, Millions Of Dollars In Debt & Facing Eviction From His MANSION?!

 photo dame1_zps93582e38.jpg

Looks like Dame Dash is way worse off than he has led folks to believe.  Thanks to his new court filing this past Thursday at Manhattan Supreme Court, we've learned he's getting crushed by millions of dollars of debt and may lose the only house he has to live in.

In order to stop his checks from getting garnished, Damon Dash--who formerly boasted having a $50 million empire (thanks to Roc-a-fella and Rocawear) about a decade ago--showed up in court in Manhattan on Thursday.  He was fighting a charge of ignoring a 2008 lawsuit from a garment industry lender who wanted payback on their $237,078 loan.

And the papers he filed tell all his business. 

The NY Daily News reports:

In a sworn statement asking a judge not to garnish his wages, Dash disclosed:

- 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.

 

And after losing two of his lofts in Tribeca to foreclosure back in 2010, with $7.3 million still left on the mortgages, he's now about to lose his mansion in Carmel, NY. 

Dame wrote in the 5-page filing, “I am currently several months behind in paying my personal bills.  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.”

And in an email from his attorney, Gregg A. Pinto, he said, "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."

And by "being cool about it," we guess he meant this interview he did last month.

Categories:

Comments

WANT YOUR OWN AVATAR? GET IT HERE.

thats unfortunate. i wish

thats unfortunate. i wish MTV would replay old episodes of Cribs and do updates. come to find out they were mostly just as broke as us the whole dam time.
shuga's picture

Keeping up with the Jone's ~

Keeping up with the Jone's ~ will get you in a whole HEAP of less than zero ~ I cannot relate. I'm allergic to broke. Get Your Life Dame Dash.
GetUrLife's picture

THIS IS KARMA AT IT'S BEST, I

THIS IS KARMA AT IT'S BEST, I KNOW THIS DUDE, AND ANY ROUGH TIMES HE IS HAVING HE DESERVES, NOT A GOOD DUDE AT ALL

Smh Ppl are mean. At this

Smh Ppl are mean. At this point, Im sure he does not need any I-told-you-so's, and good-for-you, because drowning in bills and debt is not a good feeling at all. I feel bad for him Smh Hopefully he will see better days..
GucciQueenOfLife's picture

A fool and his money will

A fool and his money will soon be parted.
Suga Bear's picture

Dame go straight down to the

Dame go straight down to the welfare on Monday morning.
BEEMA SUX DIX's picture

Sadie. you think William`s

Sadie. you think William`s bl0g is unimaginable, last thursday I bought a brand new Land Rover Range Rover since I been bringin in $7056 this-last/month and-just over, $10 thousand this past munth. without a doubt it is the most-financialy rewarding Ive ever done. I started this 5 months ago and practically straight away began to make minimum $75... per hour. I went to this web-site.…………. fox85.com
julia1239's picture

Lesson learned-It pays to be

Lesson learned-It pays to be humble One day you could be on top of the world, and then you can wake up with the world on top of you....
Kelli99's picture

so true

so true
Peace Silas's picture

dame will mess up over and

dame will mess up over and over again because he's arrogant and ignorant ..On top of that he has no scruples and thinks he can walk away from people without paying them back..Karma never loses your address!!!!
thriller's picture

i know rachel is so happy she

i know rachel is so happy she got rid of this coon.
wildlife's picture

Well who didn't see this

Well who didn't see this coming...I wish him the best of luck. Dame is now eating his humble pie. Jay may never trust him again but everybody deserves forgiveness and regardless to how things went down Jay created his foundation with Dame. That should count for something shouldn't it?
Marketing Gimmicks's picture

That's what happen when you

That's what happen when you serve satan,he gives it to you and he takes it away

Satan as a metaphor correct?

Satan as a metaphor correct? the devil does not exist. Well, maybe in your brain?

Please take a look at this

Please take a look at this and learn about the flight about Black Africans and how you can help http://www.ardc-israel.org/
therainbowoflies's picture

He should've stayed on Jays

He should've stayed on Jays good side! smh
cutethatsall56's picture

Haha...just 1 more fake black

Haha...just 1 more fake black "man" who flashes money...but is BROKE!!!!! Get a J.O B. son........
Jesus H. Christ's picture

Daaang homie....in Highschool

Daaang homie....in Highschool you were the man homie! Y'all should checkout thegrandreport, they be having some good stuff on there as well
V's picture

Damn homie.....

Damn homie.....
PinkyDaGoddess's picture

Now it makes sense why he was

Now it makes sense why he was dogging jay in interviews..he BROKE and mad that jay stayed on top! Sucks to be you homie!!!! lol DONT BE BITTER...DO BETTER!!!!!!
MsMidwest's picture

Co-Sign...he thought he was

Co-Sign...he thought he was the SHIT when he was riding jay-z coattail now he BROKE and want people to feel sorry for his ass..boy bye!!!!!!!
AintNobodyGotTimeForThat's picture

Log in to post a new comment

Log in to post a new comment

register
Sign in with Facebook