Damon Dash Can’t Pay Bills, Faces Eviction From NY Home [Details]
Rucuss staffMay 13, 2013
Jay-Z’s former best friend Damon Dash is millions in debt.
Dash, who was co-partners with Jay-Z of Rock-A-Fella Records and Rocawear clothing line, is now facing eviction because of it, the New York Daily News reports.
“I am currently several months behind in paying my personal bills,” Dash wrote in a 5-page court filing on May 7. “For instance, I am currently over $100,000 behind in rent for the only home in which I live and at risk of being evicted.”
Dash is referring to his mansion in Carmel, N.Y. that he reportedly described in a 2011 article as “equipped with a full music studio, a pool, hardwood floors and a spectacular view.” He appeared in Manhattan Supreme Court on Thursday to challenge a charge of ignoring a 2008 lawsuit from a garment industry lender seeking payback for a $237,078 loan.
In a recent sworn statement, Dash asked a judge not to garnish his wages for the following reasons:
He pays $24,000 every three months to his ex-wife, fashion designer Rachel Roy, for child support of their two kids, and to cover money owed on the lofts.
New York state forces Dash to send another $4,341.10 per month for support of his son, Christian.
He paid nearly $20,000 in garnished wages in late 2012 for other debts.
And he faces a pending $40,000 tax payment for business earnings.
Dash, 42, also said that his financial issues have “made it not only nearly impossible for me to maintain my businesses, they have caused me to fall far behind on my personal expenses.”
Dash vowed to pay back more than $100,000 he owes on a sprawling mansion in suburban Putnam County.
“I can’t touch my money. I can’t pay certain bills,” Dash told the New York Daily News. “But I’m still working every day. It’s not stopping me from hustling. I am an entrepreneur. I am real.”
Photo via New York Daily News and EbenGregory.com
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