Damon Dash Bankruptcy: $25 Million Debt Filed
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Damon Dash Files for Chapter 7 Bankruptcy, Citing $25.3 Million in Debt
Table of Contents
Updated September 9,2025,03:05:17 AM PDT
Overview of Damon Dash’s Bankruptcy Filing
Damon Dash, the co-founder of Roc-A-Fella Records alongside Jay-Z adn Kareem “Biggs” Burke, filed for Chapter 7 bankruptcy on August 31, 2025, in the Southern District Court of Florida [United States District Court for the Southern District of Florida]. The filing details a substantial debt of $25,303,049.47 and limited current assets.
According to the Public Access to Court Electronic records (PACER) petition, Dash reported no monthly income and possesses only $4,350 in assets, including $100 in cash, a $500 cellphone, and two firearms valued at $750 each. This contrasts sharply wiht his past success as a prominent figure in the music and entertainment industries.
Breakdown of Damon Dash’s Debts
The majority of dash’s debt stems from obligations to the government. The bankruptcy petition indicates approximately $19.1 million is owed in taxes and othre governmental debts. Significant personal obligations also contribute to his financial woes.
| Creditor Type | Amount Owed |
|---|---|
| Government (Taxes & Debts) | $19,100,000 (approx.) |
| Domestic Support Obligations (Rachel Roy) | $648,000 (approx.) |
| Domestic Support Obligations (Cindy Morales) | $648,000 (approx.) |
| Other Creditors | $4,907,049.47 |
| Total | $25,303,049.47 |
Dash’s financial obligations include approximately $648,000 in domestic support payments to both his ex-wife, fashion designer Rachel Roy, with whom he shares two daughters, and his ex-girlfriend, Cindy Morales, with whom he shares a son. Dash and Roy were married from 2005 to 2009 [New York Times – Damon Dash and Rachel Roy Separate].
Roc-A-fella Records and Damon Dash’s Career
Damon Dash rose to prominence as the co-founder of Roc-A-Fella Records in 1995,alongside Jay-Z and Kareem “Biggs” Burke. The label played a pivotal role in launching Jay-Z’s career and became a dominant force in hip-hop culture. Roc-A-Fella Records was sold to Island Def Jam Music group in 2004 for $1.5 billion [Billboard – Jay-Z’s Roc-A-Fella Records Sale].