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

[vince_vince]

sorry gotta play smartass:

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..

Donald Trump himself never filed for bankruptcy, it was for one of his companies each time.

Basically he's setting up to file for bankruptcy. Doesn't necessarily mean he's "broke" tho. He may be "broke" compared to Jay-Z but he'll always have a million dollars somewhere. Somewhere in between the lines I'm sure he's trying to protect or avoid something. Master P did it to weasel of out of a big tax bill while retaining all his masters & playing his label for a fool. I wonder what Dame's end game is. You don't go into a courtroom & detail your finances for no reason... unless it's for creditors who are preparing to hit you with civil suits/lawsuits - which likely means he's going to file for bankruptcy. Move off the cashflow producing assets under your holding company (corporations) so that's safe, send some more to Switzerland & make a company out there to hold your shit & then file for bankruptcy. Build up your cashflow during your downtime & re-emerge a new man.

I suspect the creditors will drop mad ether & more disparaging headlines as their last line of defense in a bid to basically say "fuck you Dame Dash for cutting us out". Dame is a hustler don't forget that....

Kinda fucked up he pay Rachel Roy child support when she's worth hundreds of millions of dollars. SMMFH, women I tell ya.....

you are misinformed, switzerland has a very liberal view on bank secrecy but the moment you set up a company there, you become visible. life aint easy like that bro

if dude wouldnt be broke for real, he wouldnt have had the tribeca estate he apparently owned just taken from him. them thangs were worth too much to give them up like that if you had any other choice.

i dont understand why he not just got a job as the head of some radio station or something and takes 10gs home from there per month. you can always have your sidehustles still...

 

[MeekMonizzLLLLLLe14]

lol at dame living better than niggas on the IC. I would be living allot better if I dug myself that deep into debt and shit. The reason this nigga near broke is because he wanted to live allot better than us. But 3 years from now this nigga gon be living worse than us. Plus im sure having the burden of being in so much debt and being screwed at this point is a bigger burden than any of us have.

 

[NoCompetition]

1 thing i noticed no source for this story. Kinda hard to take it as official court documentation. Anybody could have said anything. Good convo piece. Need more verification before i go believing anything.

 

[lethal5]

Until I hear Dame is working sum wack 9 to 5, he ain't broke.

 

[Nah Son]

Maybe son should call all those white executives that he was cursin out on camera back in the day lmao

 

[GameChanga]

Wanna know what's funny, his ex wife Rachel Roy is a successful designer now.

Yep! And he got her started! From secretary to multimillionaire designer AND she divorced him BEFORE he went "broke." He is a textbook SIMP!

He put her ON and she has no loyalty! Why is she even collecting child support?

He took a regular woman, with nothing to offer him except her looks and body, got her PUT ON in the fashion world, and now she don't know his Black a$$...

This negro is taking Ls!!!!

 

[T. Sanford]

Within a year, Dame Dash is going to be a palletizer at UPS

 

[MeekMonizzLLLLLLe14]

that awkward moment when dame dash is on his j cole with a dollar and a dream (the dream being that he never pissed all that money away)

 

[MarcusGarvey]

Dame keeps us entertained on the way up and on the way down.

Rachel Roy was designer at Rocawear, her label does pretty well from what I've read, she should cut him some slack on the spousal/child support.

Either way, we all know if Dame some how gets bread again he's gonna talk soo much shit

 

[Bobby Reds]

that nigga aint broke b. Just like when rich muthafuckas file bankrupt dont mean they aint got the cash just mean they aint got ALL of it anddont wanna give up what they have left. He better sell them masters and get that money

You NEVER sell your masters if you own them.

Thats exactly what the jews want him too do.

 

[antarticp]

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...

not true not true same ish happen to hammer and he was farrrrrrrrr from arrogant ... so imo anyone who gets to dames height of success should treat it the same way cause no matter what them same people you helped wont be there to help you when you need it ............................................ #facts

 

[antarticp]

The other thread on Dame's finances didn't have such detail either, it just said he owed taxes. That's a different argument than being evicted from your house and having trucks repossessed.

where does it say that @ ?? they suggested taking his rented home but they never said it was officially going to be taken away ?? or anything for that fact except for slapping him with a bunch of tax bills ??

 

[dc's teflondon]

dame is not broke..he just don't want to pay his creditors..he probably got his monies in his businesses name, and all this is his personal debts

 

[woah316]

that nigga aint broke b. Just like when rich muthafuckas file bankrupt dont mean they aint got the cash just mean they aint got ALL of it anddont wanna give up what they have left. He better sell them masters and get that money

Yall need to get the fuck outta here with this shit...

If you go from: having 100million +++ dollars, legal money, tax / debt free, where you can do anything you want, IN YOUR OWN GODDAMN NAME...

to

Having to hide money, play games with the IRS / bankruptcy laws, put money in business name and all this shit...

YOU ARE FUCKIN BROKE OR GOING BROKE....

Everything is relative.... I look at where he was and where he is today.... he broke....

If Diddy went from 500million to a million today (even though a million most of us would feel close to rich), he broke...

If bill gates go from 40billion to 10 million, that nigga broke or will be soon.... (Yall forget the more money you have the higher your bills the higher your taxes the more money you have to pay to accountants, lawyers and everything else)...

So kill it with the nigga aint broke shit... he is

 

[blackrain]

How long has this been said and Dame still smiling looking decent?

Nothing more than Jay-Z high powdered crackas trying to shit on Dame.

So to add to this month's list of shit Jay-Z is to blame for

-Going to Cuba to find Assata Shakur

-Sending white folks after Dame Dash

what's he going to do next this month?

 

[S2J]

I follow Dame in Instagram.. He looks to be doing very well.. I would say his crib alone is worth that 2 million...

@emmholla, sorry bruh but to this day that was one of the dumbest, most prophetic statements i've ever read/heard Lol

I could create a line of tee shirts and eat!

I follow (Vince Young, Beanie Sigel, Rae Carruth, Oscar Pistorious) on Instagram...

He looks to be doing very well.

 

[twatgetta]

So at the end of the day I guess Jay Z was the brains behind Rocafella. it's obvious.

 

[$tayRichROLLIN]

i fucc with dash. arrogant ass nicca made paper lost it and still going hard amist the bullshit. never pray for a nicca downfall nor laugh at his struggle.

 

[hiphop12345]

So at the end of the day I guess Jay Z was the brains behind Rocafella. it's obvious.

Jay is talent, of course he can continue to make money off himself. Not to mention he had Steve Stoute with him.

 

[NoCompetition]

i fucc with dash. arrogant ass nicca made paper lost it and still going hard amist the bullshit. never pray for a nicca downfall nor laugh at his struggle.

Never do that. This dude attracted hatin because of how he did things but still, not from me. This site full of people who create negativity for themself by these type tactics. Thats a no no.