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Damon Dash is claiming he hit "Roc" bottom and has filed for Chapter 7 bankruptcy ... he says he's staring down 8 figures of debt but only has a few grand in assets ... and only $100 in cash!!!

According to court docs, 54-year-old Dash estimates he's currently in the hole with somewhere between one to 49 creditors, and only has a paltry amount of assets valued at $4,350 ... versus $5,200 in monthly expenses and $25,303,049.47 in liabilities. Getty

One of those people he says he owes money to is Josh Webber of Muddy Water Pictures LLC, who was in a lawsuit with Dash stemming from their failed "Dear Frank" film .

He lists Webber in his docs as a creditor owed $4 million. Getty

The embattled mogul also has IRS and state tax departments breathing down his neck ... but

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