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.