According to documents, filed in Florida on Thursday, Dash is filing for Chapter 7 bankruptcy, stating that he’s over $25 million in debt, while having just $4,350 to his name in assets. Dash co-founded Roc-a-Fella with Jay-Z and Kareem “Biggs” Burke back in 1994, and the label released records including Jay-Z’s debut Reasonable Doubt, also signing acts such as Kanye West and Jadakiss.
In the filing, Dash reported a few possessions, including $500 worth of clothes, two guns, his cell phone and $2,500 worth of jewelry. Dash reported about $5,200 in monthly expenses. The executive reported that he owes over $4 million to filmmaker Josh Webber, as well as nearly $650,000 in domestic support obligations to ex-partners Rachel Roy and Cindy Morales.
The bulk of his debts, however, lies in taxes to New York, California and New Jersey.
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