Rapper DMX, Local Resident, Files for Bankruptcy: Records & Reports

Rapper DMX, who lives near the Bedford/Mount Kisco border, has filed for Chapter 11 bankruptcy, according to court documents and several media reports.

The petition, filed on Monday in federal bankruptcy court, lists assets of no more than $50,000 and liabilities of just over $1 million to $10 million. His largest unsecured debt totals at more than $1.3 million in owed child support, while his second-largest amount is a disputed judgement of more than $200,000 owed to Amusing Diversions, Inc. Other creditors include individuals intended to receive judgements, medical billing and a vehicle lease. Unknown amounts are also listed in the filing for federal and state income taxes owed.

DMX, whose legal name is Earl Simmons, lists a half-interest in his local residence, which is located on McLain St. and worth $453,702. Westchester County mapping records show that the site is located in Bedford but close to the Mount Kisco border, while court records give it a Mount Kisco mailing address. The property is also listed under secured claims, with the creditor being Compass Bank, which is based in Spring Valley.

Two contracts are listed in the filing, including one with Her Majesty's Records Inc., which is located in Vancouver, British Columbia, and a deal Universal Music Corp., which DMX disputes ever signing.

The Wall Street Journal, reporting on the filing, posted a statement from representative Domenick Nati about the matter.

“DMX’s financial strains have been inhibiting his career for several years. Poor financial management by prior representation have caused him to be ineligible to retain a passport," Nati told the paper.

Nati, the paper reports, blames representation for not making child support payments and added that the issue needs to be resolved in order for DMX to obtain a passport for an overseas tour.