Music mogul Damon “Dame” Dash continues to liquidate assets in an effort to address substantial debts. His production company, Poppington LLC, recently sold for a strikingly low price, highlighting the challenges he faces in resolving his financial obligations.
Financial Struggles and Bankruptcy
Dame Dash filed for Chapter 7 bankruptcy in September 2025, revealing debts exceeding $25 million stemming from taxes, child support, and legal judgments. He reportedly owes $8.7 million in back taxes to New York State and the Internal Revenue Service, with additional claims totaling millions from the New York State Department of Taxation and Finance, Los Angeles County, and the New Jersey Division of Taxation. At least $5 million is also owed in other civil suits.
Sale of Poppington LLC
Poppington LLC, the production company behind films such as “Honor Up” and “Too Honorable,” was sold at auction for just $100.50. The sale was court-ordered to offset a $1 million debt from defamation lawsuits. The extremely low price resulted from only one bidder attending the auction.
The winning bidder was Mike Muntaser, CEO of Muddy Water Motion Pictures, who also happens to be a creditor to whom Dame Dash owes approximately $973,000 from previous civil suits. The company was described as a “distressed asset” due to Dash’s ongoing legal battles and debts.
Public Statements and Financial Discrepancies
During a September 2025 interview on “The Breakfast Club,” Dame Dash reportedly disputed claims of financial hardship. However, his bankruptcy filing indicated monthly expenses of $5,200 with no reported income, creating a clear inconsistency with his public statements.
Frequently Asked Questions
What is Chapter 7 bankruptcy?
Chapter 7 bankruptcy involves the liquidation of a debtor’s assets to pay off creditors, as outlined in the source.
Who is Mike Muntaser?
Mike Muntaser is the CEO of Muddy Water Motion Pictures and a creditor to whom Dame Dash owes $973,000, according to the source.
What was Poppington LLC responsible for?
Poppington LLC was a production company responsible for films like “Honor Up” and “Too Honorable,” as stated in the source.
Given the continued sale of assets and outstanding debts, it is likely that Dame Dash will face ongoing financial challenges. Further asset sales or restructuring may be necessary to satisfy creditors, and his financial future remains uncertain.
