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

[Nigerianwonder]

50 has has had a lot of legal battles the past few years. Those high priced lawyers add up. Plus almost all of his businesses amd ventures are partnerships and who know what his actual stake and take home is in them. Yall believe anything he says cause brags on instagram. But it doesnt surprise me at all that he may not have 5 million liquid. And remember nobody know exactly how much he made off that vitaman water deal. The 100 million was a rumor and that was years ago. Could have been less and many athletes like tyson have blown through over a 100 million over a few years. Either way this is a tremendous L for 50.

 

[JayGatsby]

fif trending

 

[☑︎#VoteDemocrat]

Biggest fire the North has ever seen.

 

[☑︎#VoteDemocrat]

50 has has had a lot of legal battles the past few years. Those high priced lawyers add up. Plus almost all of his businesses amd ventures are partnerships and who know what his actual stake and take home is in them. Yall believe anything he says cause brags on instagram. But it doesnt surprise me at all that he may not have 5 million liquid. And remember nobody know exactly how much he made off that vitaman water deal. The 100 million was a rumor and that was years ago. Could have been less and many athletes like tyson have blown through over a 100 million over a few years. Either way this is a tremendous L for 50.

dude invests a lot though...so he might be cash poor.

those headphones and vodkas ain't cheap

 

[Robbie3000]

dude invests a lot though...so he might be cash poor.

those headphones and vodkas ain't cheap

Does SMS even turn a profit? Is his Vodka selling?

 

[☑︎#VoteDemocrat]

this thread is funny.
it shows how most people dont learn anything about money and money management.

You would be hard pressed to find someone that has $50million in cash!
Those numbers are about their assets...its dumb to keep large amounts of cash, because that shyt losses value and youre a sitting duck.

You all really think Warren Buffet has $500million in cash sitting around?
No...his companies keep his money.

shyt...normal people making under 6 figures know to create a Corporation...and then create LLC's and other Corps from that OG corporation.
You have to have layers of protection...otherwise...any random person (or inflation) will take all your money.

If the government wants it bad enough...they will get it...but someone like Rick Ross's baby mamma is going to have to work really hard...and spend a lot of money on lawyers.

Bolded for emphasis

 

[ralph lauren]

ITS MURRRDDDAAAA

 

[imirza]

50 is a smart guy. This has to be a smart move somehow, considering Trump has filed for Bankruptcy 4 times. Now I don't know if that was his corporate entities or personal

 

[Poitier]

Smart business decision. I'm not a 50 cent fan but dude is clearly doing this to not pay that lawsuit money.

 

[Sonic Boom of the South]

50 has learned from them white folk

basically

 

[Eye Cue DA COLI GAWD]

Broke nikkas do broke things... like file for bankruptcy.

In the literal sense 50 Cent is not broke, but on the other hand, he's not rich folk rich either. Nikkas a past his prime rapper and overrated business man.

Those don't go together and a major reason why he's in this situation to begin with.

 

[JayGatsby]

dude is far from broke....

his next IG post is gonna be great though

he is probably gonna wear torn up clothes and take the piss

 

[imirza]

Bolded for emphasis

THIS ^^^ !!!
Our company just did the same thing. We've been an S-Corporation for 7 years. Based on our Accountants advise, we have now switched to an LLC. The S-Corp will be a subsidiary underneath the LLC

 

[☑︎#VoteDemocrat]

Smart business decision. I'm not a 50 cent fan but dude is clearly doing this to not pay that lawsuit money.

The media blitz is so vicious man...they'd never do that shyt to a white celeb.

He's protecting assets and nothing more.

 

[WSFGDan]

Its all fun and games till the judge knows exactly what you tryna do, fukk around and get made an example of

Jude might let him do it, he didn't say no.

If they let bankruptcy court decide she probably won't get anything.