Damon Dash files Chapter 7 bankruptcy in Florida with $25.3M debt

Damon Dash, the cofounder of Roc-A-Fella Records, filed for Chapter 7 bankruptcy in Florida on Sept. 4, according to a 56-page petition that lists liabilities of roughly $25.3 million and personal assets of about $4,350. The 54-year-old music executive and entrepreneur said he has no monthly income, no house or car in his name, and reported monthly expenses of about $5,200 in the filing with the U.S. Bankruptcy Court for the Middle District of Florida.

Court documents show the bulk of Dash's debt is tax-related. He reported roughly $19.1 million in unpaid taxes spanning New York, New Jersey and California, including a New York State assessment of about $9.65 million and a Los Angeles County figure near $5.79 million. Dash also faces more than $647,000 in domestic support obligations to former partners including Rachel Roy and Cindy Morales, and additional government claims for arrears and educational costs totaling nearly $487,000, according to the filings. The petition lists more than $5.5 million in unsecured claims from lawsuits, unpaid wages and legal fees.

Among individual creditors named are filmmaker Josh Webber and his company Muddy Waters Pictures, which secured a...