MAMACITA 👅✨

Damon Dash listed $4,350 in assets and $25.3 million in debt. Creditors just bought the rights to his life story for $550,000. He co-founded Roc-A-Fella Records with Jay-Z and Kareem "Biggs" Burke. In September 2025 he filed Chapter 7 bankruptcy in Florida. The petition put his debts at $25,303,049.47 to as many as 49 creditors. About $19.1 million of that was taxes. About $648,000 was domestic support for Rachel Roy and Cindy Morales. His assets: $100 in cash, a $500 cellphone, and two guns worth $750. In August 2024, his one-third share of Roc-A-Fella was auctioned to the New York Department of Taxation and Finance to cover tax debt. Then the trustee, Traci K. Stevenson, told the court he had not listed his life rights among his assets. She argued that a person's name, image, likeness and life story are transferable property. The court record: On October 1, 2026, those rights went to auction. Everlasting Films LLC won at $550,000. The opening stalking horse bid was $37,000. Backup bidder Doug Peters stands at $500,000 if the deal fails to close. The package: exclusive worldwide life rights, about 100 hours of video, photographs, memorabilia, and an unreleased documentary project. The money goes to his creditors. He gets none of it. A final approval hearing is set for October 27, 2026. In the video below, on an earlier Roc-A-Fella auction, Dame says: "This was my auction. This is my life." The case for the creditors: he filed with $25.3 million in debt and $4,350 in assets. The trustee said the life rights had clear value and had been left off the schedule. Chapter 7 sells assets to pay what is owed. The case for Dame: he spent years telling artists to own their masters and their story. The buyer now owns how he got here. Everything after the September 2025 filing still belongs to him. Who should own the story of a man who built Roc-A-Fella: the creditors he owes, or the man who lived it?