Scott Storch may still be a well-respected producer in the game, but that hasn't helped his financial situation. The producer filed for bankruptcy recently, as reported by TMZ.

Storch apparently hasn't been accommodating his lifestyle to his lack of means. The beatsmith was once worth $70 million, but now only has a few hundred bucks to his name. In his bankruptcy claim Storch states he has a total of $3,600 of assets to his name, including $100 in cash, $500 in clothing and a $3,000 watch. His music companies are apparently worth nothing. He claims that he made $10,000 last year. 

TMZ reports that the bulk of his money went towards cars, houses, drugs and other luxuries.