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

[Vader_F_Kennedy]

smh

 

[CJ]

Nigga need to make another Hov

 

[Lab Baby]

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 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

Question: Is that Ricky Gervais? If so... greatest... gif... ever.

 

[Lurker6]

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 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

Question: Is that Ricky Gervais? If so... greatest... gif... ever.

it is

and bet he wishes he had some of that money he wasted on sock and white tees he wore once and bought a new pack of back in the day

 

[detcatinva]

 

[ShadyWorldOrder]

So no more.........

SMH

 

[Meta_Conscious]

how? damn son...

he did too much to be all the way out the game...

 

[Elzo69Renaissance]

Say it ain't so

 

[Dope Era]

 

[jono]

Duke should be on suicide watch, he worth more dead than alive these days.

 

[WiseGuyy]

Lol at the niggas in the other thread a while back saying "He not broke, He post Pics of his crib on instagram"

Shits Rented, And He Cant even afford the Rent loll Moral of the story, Stop believing niggas fronting on instagram b

 

[NoCompetition]

It appears he's in quite the financial situation. Being determined to get rid of all your money even when not necessary, will cause that. Not sayin this aint true, but I keep a level head about things I read on the internet. I dont necessarily believe or disbelieve. Need more info from other sources.

 

[eternal soldier]

I clowned him in another thread posted about his finances; but this shit is starting to get painful. Here we had an individual talking about being a cakaholic and never wearing the same thing twice. When you're someone who came from almost nothing you ball out but someone like myself loses interest after awhile no matter what (in the case I'd start saving and investing seriously instead of ballin)

He was the only one who seriously believed in Kanye and didn't see him as just a producer and I bet Kanye don't even speak to the man....damaged

 

[Muhannad]

That's messed up, but notice how most don't feel sorry for him because they haven't forgotten his flossin'. When you're arrogant people will love to see you fall. All that conspicuous consumerism caught up with him along with that 'a*shole' personna he cultivated. People don't forget when you puposely being an a*shole to 'em and are arrogant for no reason.

I honestly hope he'll bounce back though...

 

[T. Sanford]

That nigga better go work at a temp service

 

[IamtheVILLE]

man i remember that shit too. i never wear the same tee or socks or shoes. bitch ass nigga. now i aint gone sit here a wish failure on no person but when you spend recklessly this is what you get. on a sidenote: maybe that nigga need to take kim hostage and make ye pay for believing in him. just a thought

 

[Black Boy King]

i heard MC hammer been blowin his money and been "keepin it real" wit too many niggas so now he broke smh

 

[THIRDSUPREME]

Fallin,fallin, fallin off....

 

[playmaker88]

Source?...

Edit: This was on the NY Daily News site..

I defended Dame in the other thread.. If he is broke.. Something I still don't believe.. Then its fucked up...

But I will leave yall with this.. Donald Trump declared for bankruptcy several times in his life.. At least 4.. So I am not worried about Dame.. He will pick himself up and be rich again.. Also his broke.. Is different than our broke.. Just tally up his expenses.. He pays more than some people make in a year a month..

That nigga is broke he aint bankrupt... big difference..

If your money is leakin...

 

[detcatinva]

If you read books by multi millionaires, you will realize these guys are humble and give thanks to God cuz they realize that they are blessed to be wealthy and that they could lose their fortune in an instance.

Dame on the other hand was so arrogant and burned so many bridges that he brought it on himself