50 Cent To File For Personal Bankruptcy So He Doesn't Have To Pay Sex Tape Lawsuit?

[LieutenantDan]

Curtis James Jackson III, the rapper better known as 50 Cent, filed for chapter 11 bankruptcy protection Monday.

In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million.

The attorney listed on the bankruptcy petition couldn’t immediately be reached for comment Monday.

The filing comes days after a jury directed Mr. Jackson to pay $5 million to a woman who sued over a sex tape, the Associated Press reported.

http://blogs.wsj.com/bankruptcy/2015/07/13/rapper-50-cent-files-for-bankruptcy/

 

[KnickstapeCity]

@Public Enemies PLEASE come thru with the flabby n fifty smiley

@50CentStan @SpacelySprockets

 

[darealxan]

He said recently he is PERSONALY not wealthy, but his company's hold wealth and that their protected.

 

[Da King]

@Trey0'5Blue2Gz @50CentStan @Monster @ROFL_GUY

 

[CanesMiamiLakers]

50 has learned from them white folk

 

[Redwing80]

The article says nothing about bankruptcy

 

[LieutenantDan]

The article says nothing about bankruptcy

it's on the WSJ now

 

[BronxFleeZ]

Fif smart

 

[West Coast Avenger]

Is he really filing because of the sex tape though??...I heard he had some major losses.....oh and Floyd won....

....

 

[W.I.Z.E.]

lol....Fifty is smart and a funny cat. He doesn't need to go to this extreme but it sends a message to anyone that wants to think about suing him on a personal level.

Only thing is, now they'll just come after him through his corporations with something stupid like, your headphones made me deaf.

 

[10:31]

It's actually a smart business move...

@LieutenantDan bro why do you only post 50 threads? I've noticed for a minute but I've never asked you

 

[Redwing80]

So 50 puts all his money into his companies so he wouldn't need to pay the 5mil? Breh doesn't give up without a fight

 

[West Coast Avenger]

Curtis James Jackson III, the rapper better known as 50 Cent, filed for chapter 11 bankruptcy protection Monday.
In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million.
The attorney listed on the bankruptcy petition couldn’t immediately be reached for comment Monday.
The filing comes days after a jury directed Mr. Jackson to pay $5 million to a woman who sued over a sex tape, the Associated Press reported.

 

[Da King]

It's actually a smart business move...

@LieutenantDan bro why do you only post 50 threads? I've noticed for a minute but I've never asked you

he's a fakkit

 

[50CentStan]

chess smove. the General.