In this YouTube commentary, two hosts dissect the recent Chapter 7 bankruptcy filing of music executive Damon Dash. They note conflicting reports of his debt—$45 million versus $25 million—and explain that much of the liability appears to be tax debt, which is generally non‑dischargeable unless it meets specific age and fraud exemptions. They also highlight domestic (marital) support obligations, defamation judgments, and other lawsuits that may survive discharge. The discussion points out red flags such as Dash listing a UPS‑store address in Florida as his residence, the unusually low attorney fee of $5,000, and the likely intense scrutiny from the Middle District of Florida court given Dash’s high‑profile connections. The hosts conclude with cautious optimism that a skilled attorney could secure a discharge, but they stress the complexity and potential pitfalls of the case.
You know, we talk about the celebrities over here, what they got going on financially, and I said I was going to wait for you to come sit down and talk about Damon Dash. $45 million in debt. He put it under a Chapter 7. That's really bold.
I look through these schedules and it's going to be a rough road for my, my guy Dame. And some of the debt, or the majority of the debt's tax debt. And generally speaking, tax debt is non-dischargeable unless it's older than 3 years, there was no fraud, and there's some other things. The other debt is marital support obligations or domestic support obligations, which that's not going away. And unfortunately, I looked into some of the cases and he has some defamation judgments and other lawsuits and judgments out there that could be found to be non-dischargeable in bankruptcy. As well, I didn't realize first off he lived in Florida and the address that he put was for a UPS store in Florida. There's a lot of red flags. Hopefully everything goes through smoothly. He gets his discharge and he moves on. I would have gave him some advice, but hopefully his attorney is a fantastic attorney, knows what he's doing, because there's a lot of scrutiny coming for this bankruptcy just because of all the people that he's—
I mean, let's hope that attorney good allowing him to use a UPS address because I know at the Van Horn Law Group that would not go down, especially not for $25 million in debt.
And, uh, and the attorney— as attorneys, we have to disclose how much we get paid for the bankruptcy. And, uh, this attorney got paid $5,000, which I don't know if that's enough for everything that they're going to have to deal with because there's some big names in there. Chris Brown, E.W. Brooks, Josh— I mean, Josh Weber. There's some big names in there that I think are going to be coming down to the Middle District of Florida, uh, to, to enter into that case. And I think it's going to be a long case, unfortunately.