Damon Dash, the once high-flying hip-hop mogul who co-founded Roc-A-Fella Records with Jay-Z and Kareem Burke, has filed for personal bankruptcy in Florida, citing $25 million in debts and almost no assets.

In his 56-page petition obtained by Rolling Stone , Dash says he has no monthly income, no house, no car, no publicly traded stocks, no retirement account, and only about $4,350 in worldly possessions. He lists his assets as two guns, furs, jewelry worth $2,500, designer wear, TVs, computers, and some electronics. He only has $100 cash in hand, he claims.

The 54-year-old former Rocawear boss , known for his work promoting Cam’Ron and Kanye West early in their careers, says his towering debt includes $19 million in back taxes owed in California, New York, and New Jersey, as wel

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