*Is DMX trying to pull a fast one on The Justice Department?
The struggling rapper’s bankruptcy case has, so far, been filled with delays and inconsistencies.
U.S. Trustee Tracy Hope Davis, a Justice Department official who supervises bankruptcy cases filed in New York, recently urged a judge to convert the rapper’s Chapter 11 case to a Chapter 7 liquidation, that would force DMX to sell off his assets to repay creditors or disqualify the rapper from bankruptcy altogether. DMX filed for Chapter 11 protection, which allows for reorganization, in July.
Davis’ request was prompted by the rapper’s failure to appear in a meeting with his creditors last month, reports the Wall Street Journal.
“The debtor’s actions have eroded the confidence of the Office of the United States Trustee and others that the debtor will be candid in the disclosure of his assets,” Ms. Davis wrote in court papers filed Friday.
Among the alleged inconsistencies Ms. Davis discovered in DMX’s court filings were his monthly income (one filing reported $5,000; another pegged it at $1,667) as well as the fact that he listed $0 worth of clothing among his assets yet has said he spends $1,000 per month on clothes.
It’s a “pattern that continues” in his current bankruptcy case, Ms. Davis alleged. Read the full motion here.
In response to the allegations, DMX’s publicist wrote this in a statement:
“DMX did not receive any money that is mentioned in this lawsuit. Any financial transaction in this case took place solely between the booking agency and DMX’s former manager. DMX did not personally review, witness, or agree to the terms that are mentioned in this case.” ~Domenick Nati (Nati Celebrity Services)
DMX has always been a lover of dogs (he even barks like one during performances). However, as far as Davis is concerned, it looks like DMX is “barking” up the wrong tree. Get it? Don’t laugh too hard.
We’ll keep you posted on what happens next.