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Scott Storch -- Broke as a Joke

5/29/2009 2:10 PM PDT 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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