CELEBS: Rapper DMX Files For Bankruptcy.

Sup Travellers?! Do you know that rapper guy called DMX? Well he was one of the biggest rappers on earth. The keyword here is "was". However, the washed up rap mogul seems to be having the worst time of his career ever right now. Last Friday, DMX was arrested in South Carolina for suspicion of driving under the influence and failing to have a valid driver’s license. But that was just the beginning of his woes. DMX is now bankrupt. Read on.

Yesterday, famed rapper DMX had to file for Chapter 11 bankruptcy so that he could be able to control his finances again. DMX claims that he has less than $50,000 in assets and has raked in $1 million to $10 million in debt. He is also $1.24 million behind in child support payments for his 10 children. So if we sum up all this we can come to the conclusion that DMX is in some hot water. No, not hot water. He's in some hot bubbling diarrhea. DMX’s rep Domenick Nati has released a statement via the Wall Street Journal’s Bankruptcy Beat saying that his financial problems have just been building up over the years, blaming poor money management and his previous handlers for his huge debt.

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. The purpose of this bankruptcy filing is for reorganization so he can perform for his fans oversees [sic]. We are currently planning a tour in Europe and Africa for the fall of 2013.

If you owe more than $2,500 in back child support you can’t get a passport, so because of that DMX’s camp is saying that he won’t be able to tour and make money.

I feel sorry for DMX...... Not really but i'm trying to sound somewhat sentimental here. You can't feel sorry for someone who squanders away all their money especially a rapper. It was his bad decisions that led him to the state that he's in. There are some really old rappers who haven't released hits in years and are still flourishing. What's wrong with DMX? Whatever is wrong with him it doesn't change the fact that my name is Trinikid and you've just been informed.