Poor poor Ruff Ryder! DMX owes between $1 and $10 million in debts, and owns only $50,000 in assets. The Undisputed rapper claims he needed to file, “to enable me to reorganize my financial affairs.” The financial struggle has bought out X’s publicist to make a statement on the Chapter 11 filing. Hit the jump to see what he had to say.

JaaiR (JR)

Don’t forget to check out the gallery! Should have listened to Iyanla Vanzant!

Domenick Nati spoke on behalf of DMX explaining, “DMX’s financial strains have been inhibiting his career for several years. Poor financial management by prior representation have caused him to be ineligible to retain a passport. The purpose of this bankruptcy filing is for reorganization so he can perform for his fans oversees. We are currently planning a tour in Europe and Africa for the fall of 2013.” So, because he can’t go out the states, it’s stopped him from making money…okay!