These could be some dark days coming for Scott Storch.
According to TMZ, the producer behind hits for Justin Timberlake, Christina Aguilera and 50 Cent, has filed for bankruptcy. Storch filed a claim that he only had $3,600 of assets—$100 in cash, $500 in clothing, and a $3,000 watch. What’s worse is that his music companies—specifically Storch Music Company—is valued at nothing.
The bankruptcy document also claims he only made a $10,000 last year, which is insane considering he still collects royalty checks from past projects.
The reason for his bankruptcy could be from him reportedly spending $30 million in less than a year.
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