By Jessica Goodman
June 25, 2015 at 05:13 PM EDT
Wilfredo Lee, file/AP

Famed music producer Scott Storch filed for Chapter 7 bankruptcy in Florida, according to the filing obtained by EW. Storch once worked with stars like Justin Timberlake, Beyoncé and Dr. Dre, amassing over $70 million during the height of his career. He now owes nearly $4.4 million to creditors, the filing says.

Storch wrote and produced nearly a dozen Hot 100 top 10 hits in the early 2000s, including 50 Cent’s “Candy Shop” and Fat Joe’s “Lean Back.” The bankruptcy filings now report that his music ventures are now valued at zero, and that he has $100 in cash on hand, $500 in clothing and a $3,000 watch.

He filed for Chapter 13 bankruptcy back in 2009, when his home went into foreclosure and he was arrested for grand theft auto. He was also arrested for cocaine possession in Las Vegas in 2012.

Last year, Storch spoke about a hopeful comeback from the financial issues and a very public drug addiction. “The music is 20 times better than it was in my f—ing prime,” he said at the time. “My mind is clear of all that nonsense I was chasing as a young guy.”