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Scott Storch -- Broke as a Joke

Posted May 29th 2009 1:10PM by TMZ Staff

Scott StorchWelcome to Chapter 13 in the Scott Storch-is-broke-again saga -- today we've learned how the once-loaded music producer now has more debt than he has dollars.

Storch filed a bunch of papers in U.S. Bankruptcy Court, revealing that Scott owes $58,077.37 to 13 creditors in 7 states.

To put this in perspective, dude's net worth was reportedly $70 million in 2006.

Storch had produced music for Britney Spears, Christina Aguilera and Chris Brown. Now he has more in common with Suge Knight.

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Tags: bankruptcy, britney spears, broke, christina aguilera, money, music, producer, scott storch, ScottStorch, suge knight

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1. What the hell Scott, slow it down...You should know how to stack your paper the right way...all those darn beats you layed down with H-towns finest,

Oh well your bad...better luck next time.

Posted at 1:20PM on May 29th 2009 by Parents learn to entertain your own kids.

2. Most of that money went up his nose!!

Posted at 1:22PM on May 29th 2009 by ML

3. um, $58K is not much money. why is this douche filing for bankruptcy, anyway?
so basically he will screw the creditors and walk away without any worries. that's exactly why this country is economically wasted.

Posted at 1:30PM on May 29th 2009 by NYC123

4. Maybe if he stopped spending money on stupid sunglasses he would have money to pay his bills. What a tool!

Posted at 1:39PM on May 29th 2009 by Nicole

5. EFFIN SCUMBAG!!!!!!!!!!!!!! NASTY NASTY, SLIMEY, GREASEY.....SCUMBAG!!!!!!!!!

Posted at 1:41PM on May 29th 2009 by audra

6. FUgly

Posted at 1:47PM on May 29th 2009 by ReimerD

7. This is pathetic! He knows all these famous peeps with money, can't someone lend this guy $60K so he can handle his debt!

Posted at 1:51PM on May 29th 2009 by BLAHBLAHBLAH

8. How do you lose $70m?

Posted at 2:09PM on May 29th 2009 by M.P.

9. MAJOR DOUCHEBAG!

Posted at 2:08PM on May 29th 2009 by Ned

10. Don't forget, he produced music for Brooke Hogan too!

Posted at 2:10PM on May 29th 2009 by Countrygirl

11. I wish we still had debtor's prisons and this dead-beat douche could get a nice white collar azz pounding.

Posted at 2:20PM on May 29th 2009 by Maximus

12. Any idiot who would produce a record of someone as talentless as Brooke (Hogan) Bolea deserves to be broke!

Posted at 2:32PM on May 29th 2009 by Vangold

13. who is this sausage smoker??

Posted at 2:47PM on May 29th 2009 by Stewie

14. "How do you lose $70m?"

You buy a $20+ million dollar home in Miami, lease $5+ million in cars and boats, and have one hell of a coke habit. Like someone already said, most of the money went up his nose.


Here is a picture of his house and cars

http://www.flickr.com/photos/vodcars/2160780443/in/set-72157603619463121/

Posted at 3:16PM on May 29th 2009 by Lamborghini

15. How is that possible? Who has he been hanging around with - maybe Bernie Madoff?

Posted at 3:23PM on May 29th 2009 by Jo

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