Dame Dash Files for Chapter 7 Bankruptcy in Florida
Nobody could ever say Dame Dash doesn’t have good points, it’s always been his delivery that didn’t work well for him. He is very direct and brutally honest and most people can’t appreciate that, many are threatened by it. We wish him well.
Entrepreneur Damon “Dame” Dash, co-founder of Roc-A-Fella Records, has filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Middle District of Florida. As of September 2025, court documents show Dash claiming over $25 million in liabilities against just $4,350 in total assets.
Financial Disclosures
In the filing, Dash reported his assets as follows: $2,500 in jewelry, $500 in clothing, two firearms, and $100 in cash. He listed no current income and reported monthly expenses between $2,500 and $5,200.
The bankruptcy petition outlines significant debts, including approximately $19 million owed in back taxes to New York, New Jersey, California, and the IRS. In addition, he owes an estimated $647,000 in unpaid child and spousal support to former partners Rachel Roy and Cindy Morales. Another $4 million is tied to a legal judgment awarded to filmmaker Josh Webber following a dispute over the film Dear Frank.
Lee Daniels Settlement
Dash previously reached a settlement with filmmaker Lee Daniels in 2019. Dash had sued Daniels for $5 million, alleging unpaid returns on investments in films including Precious and The Butler. Some of the funds Dash received from that settlement were reportedly used to pay existing debts, including child support and other long-standing legal obligations. After the agreement, both parties stated publicly that the dispute had been resolved with no further claims outstanding.
Josh Webber’s Judgment Status
The $4 million judgment obtained by Josh Webber is classified as an unsecured general creditor claim in the bankruptcy proceedings. Because it is not secured by any collateral and does not qualify as a priority debt, it ranks below government tax obligations and unpaid child/spousal support in the creditor hierarchy. Unless new assets are recovered or generated, it is unlikely that Webber’s claim will be satisfied.
Roc-A-Fella and Roc Nation
Roc-A-Fella Records, which Dash co-founded alongside Jay-Z and Kareem “Biggs” Burke, was dissolved in 2013. While the label still generates royalties from its historic catalog, including Jay-Z’s early albums, those assets are currently in dispute. Full control is expected to revert to Jay-Z by 2031.
Dame Dash has never held ownership in Roc Nation, which was founded independently by Jay-Z in 2008 following their split. There is no record of Dash selling any rights to Roc Nation, as he was never a stakeholder in the company.
Legal Representation and Outlook
Dash’s attorney, Brian Zinn, has stated that the Chapter 7 filing is intended to help restructure Dash’s financial situation and provide a path forward. The petition spans 56 pages and includes a comprehensive overview of assets, debts, legal liabilities, and health conditions. Dash is reported to be managing ongoing medical issues including diabetes and dental complications.
At this time, all existing debts are subject to the federal bankruptcy process. Priority will be given to tax claims and support obligations, followed by unsecured creditor claims if funds are available. The court will determine the final outcome regarding asset distribution and debt discharge.
How Much Dame Dash Owes
Damon “Dame” Dash filed for Chapter 7 bankruptcy in September 2025, declaring total liabilities of approximately $25.3 million, while possessing just $4,350 in assets New York PostPeople.com.
Breakdown of the Debt
- Government tax obligations (federal and state) account for nearly $19 million, with some sources citing $19.1 million People.comNew York Post.
- Domestic support (child and spousal support) totals around $647,000 People.comNew York Post.
- There’s also a $4 million judgment linked to filmmaker Josh Webber over their “Dear Frank” dispute Black EnterpriseNew York Post.
In sum: $25.3 million in debt, roughly $19 million of that taxes, about $647k in domestic support, and a multimillion-dollar judgment hanging over him.