Posted on Monday, November 4th, 2013 at 9:43 pm
According to bet.com, Rapper DMX filed chapter 11 bankruptcy, but a U.S. Trustee discovered inconsistencies in his documentation.
According to reports, U.S. Trustee Tracy Hope will try to reduce the rapper’s Chapter 11 filing to Chapter 7, which means DMX will have to sell his properties to repay his debtors.
On a recent document filed by Hope, she noted that the rapper’s debtors are disappointed with federal actions after DMX failed to appear at a meeting with his creditors last September. Hope also noted that the rapper is deliberately delaying the process. DMX, whose real name is Earl Simmons, filed Chapter 11 last July after he had accumulated a debt of $10 million.
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