Court Reportedly Tells Dame Dash to Start Selling Despite Bankruptcy Filing
Forum Zoneby Toter 1 week ago 6 Views 0 comments
Hip-hop entrepreneur Damon Dash is discovering that declaring personal bankruptcy doesn’t safeguard his business assets from creditors. This week, a federal judge ruled that the public auction of intellectual property from his firm, Poppington LLC, may advance despite his September filing indicating liabilities exceeding $25 million.Magistrate Judge Robert Lehrburger highlighted that while Dash's individual enforcement proceedings are paused post-filing, corporate assets—including film rights and copyrights—are still at risk for auction, as reported by AllHipHop.com. The court distinguished that corporate property assigned to U.S. Marshals isn't protected from insolvency proceedings, leaving Dash’s creative works exposed to potential bidders.This ruling intensifies Dash's ongoing disputes with financier Christopher Brown, who has secured multiple judgments against him, including a $4 million defamation case linked to comments made during “Earn Your Leisure.” As Dash's financial troubles deepen, he is mandated to update the court biannually on his insolvency status. His reported financial obligations also include significant unpaid child support and tax liens, further complicating his situation.
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