Posted on Sunday, November 17th, 2013 at 10:51 pm
The Chapter 11 bankruptcy case for rap artist DMX was dismissed by a federal judge on Friday, November 8 on a request of a U.S. Trustee. According to reports, Bankruptcy Court Judge Robert Drain dismissed the bankruptcy case of the 42-year-old rapper as requested by U.S. Trustee Tracy Hope Davis after he was cited for legal non-compliance.
DMX, whose real name is Earl Simmons, has a debt of $1.8 million, a large part of which is child support owed for his children. DMX was also barred from filing for bankruptcy for one year and six months.
Facing troubles with your bankruptcy filing can be stressful and frustrating. In order to make sure you are properly following all the steps and necessary regulations when filing for bankruptcy in Houston, speak with a lawyer from the Russell Van Beustring P.C. We can help you through this process when you call 713-973-6650.
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.
The lawyers at Russell Van Beustring P.C. help Houston residents get out of debt. If you are facing mounting debts, call 713-973-6650 to discuss your legal options, including filing for bankruptcy, today.