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Damon Dash Files for Chapter 7 Bankruptcy, Citing $25 Million in Debt

The Chapter 7 filing triggers liquidation with priority for taxes, family support, court judgments.

Overview

  • Dash submitted a 56-page petition to the U.S. Bankruptcy Court for the Middle District of Florida on Thursday.
  • He reports $25,303,049.47 in liabilities against $4,350 in personal property, including $100 in cash, and about $5,200 in monthly expenses.
  • Listed debts include unpaid taxes and roughly $647,000 in child and spousal support, plus a $4 million judgment owed to filmmaker Josh Webber.
  • The filing estimates between 1 and 49 creditors and says he owns no real estate or vehicles, detailing only modest personal items.
  • Dash asserts potential claims for money he says he is owed by Kareem "Biggs" Burke and other public figures, which would require legal validation before any recovery.