Damon Dash (Photo by Theo Wargo/Getty Images) Share on Facebook Share on X Share to Flipboard Send an Email Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Print the Article Post a Comment Damon Dash, the co-founder of Roc-a-Fella Records, has filed for bankruptcy, according to court documents reviewed by The Hollywood Reporter. According to documents, filed in Florida on Thursday, Dash is filing for Chapter 7 bankruptcy, stating that he's over $25 million in debt, while having just $4,350 to his name in assets. Dash co-founded Roc-a-Fella with Jay-Z and Kareem "Biggs" Burke back in 1994, and the label released records including Jay-Z's debut Reasonable Doubt, also signing acts such as Kanye West and Jadakiss. In the filing, Dash reported a few possessions, including $500 worth of clothes, two guns, his cell phone and $2,500 worth of jewelry. Dash reported about $5,200 in monthly expenses. The executive reported that he owes over $4 million to filmmaker Josh Webber, as well as nearly $650,000 in domestic support obligations to ex-partners Rachel Roy and Cindy Morales. The bulk of his debts, however, lies in taxes to New York, California and New Jersey. Dash reported that he owes about $9.6 million in New York, $3.5 million in New Jersey and nearly $5.8 million in California. Dash has faced financial struggles for years; the New York Post reported last year that New York state had bought Dash's share of Roc-A-Fella for $1 million to help pay down what Dash owes in back taxes. A rep for Dash didn't immediately respond to request for comment on the bankruptcy filing. THR Newsletters Sign up for THR news straight to your inbox every day Subscribe Sign Up Obituaries Mark Volman, Co-Founder of Rock Band The Turtles, Dies at 78 Jack Antonoff Jack Antonoff and Hayley Williams to Headline Rolling Stone 'Musicians on Musicians' Event Justin Bieber Justin Bieber's 'Swag II' Has (Finally) Arrived Sydney Sweeney 'Milkshake' Streams More Than Double After KATSEYE'S Viral Gap Denim Ad Will.i.am John Legend, Irving Azoff Among 2025 BMAC Gala Honorees Rock & Roll Hall of Fame Kathleen Hanna Tapped to Host New Rock & Roll Hall of Fame Podcast (Exclusive) Obituaries Mark Volman, Co-Founder of Rock Band The Turtles, Dies at 78 Jack Antonoff Jack Antonoff and Hayley Williams to Headline Rolling Stone 'Musicians on Musicians' Event Justin Bieber Justin Bieber's 'Swag II' Has (Finally) Arrived Sydney Sweeney 'Milkshake' Streams More Than Double After KATSEYE'S Viral Gap Denim Ad Will.i.am John Legend, Irving Azoff Among 2025 BMAC Gala Honorees Rock & Roll Hall of Fame Kathleen Hanna Tapped to Host New Rock & Roll Hall of Fame Podcast (Exclusive)