JayBaldacci
All Star
This bytch stupid,somebody neg this bytch
You can neg all you want, it doesn't change facts.
Judge Mathis says 50 is Done... EDIT: Bankruptcy Judge Says he's Playing Games :yowzers:
- Thread starter Cloud Cloud
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- 50 cent
You can neg all you want, it doesn't change facts.
The GOAT at what exactly? Hes technically in the same mc'ing league as 50.
Cloud Cloud
Pro
"Every bankruptcy case has an inherent good faith filing requirement. In general, when a case is considered to be filed in bad faith, it means that there was an abuse of the bankruptcy system."
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"Now Mr. Jackson's own voluntary bankruptcy petition filed in this court on the very day that the punitive damage phase was to commence in the state court litigation is interesting in terms of its timing." - 50's bankruptcy Judge
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"Bu bu bu he's making tactical business moves"
Hey @Monster ... I've learned so much watching your boy about to get eatin for breakfast, I'm dam near qualified to be a bankruptcy Attorney. If times get hard and you wanna file, holla @ me I got you on the hook up
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"Now Mr. Jackson's own voluntary bankruptcy petition filed in this court on the very day that the punitive damage phase was to commence in the state court litigation is interesting in terms of its timing." - 50's bankruptcy Judge
====
"Bu bu bu he's making tactical business moves"
Hey @Monster ... I've learned so much watching your boy about to get eatin for breakfast, I'm dam near qualified to be a bankruptcy Attorney. If times get hard and you wanna file, holla @ me I got you on the hook up
Originalgangsta317
Banned
Originalgangsta317
Banned
RAP
Black smoke and cac jokes
Your daps are mine
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"Every bankruptcy case has an inherent good faith filing requirement. In general, when a case is considered to be filed in bad faith, it means that there was an abuse of the bankruptcy system."
--
"Now Mr. Jackson's own voluntary bankruptcy petition filed in this court on the very day that the punitive damage phase was to commence in the state court litigation is interesting in terms of its timing." - 50's bankruptcy Judge
====
"Bu bu bu he's making tactical business moves"
Hey @Monster ... I've learned so much watching your boy about to get eatin for breakfast, I'm dam near qualified to be a bankruptcy Attorney. If times get hard and you wanna file, holla @ me I got you on the hook up
look at my thread, tommorow is the day he gets exposed(monday)
Well I dont believe in those net worth estimates because they're all guesses. U can better estimate someone like Gates networth becuse u know how many shares of Microsoft he owned and continues to own. W/ Fifty, we have no idea what was in his record contracts. The vitamin water deal was his biggest deal. Apparently that was worth 100mil before taxes.
So what I can surmise by him filing bankruptcy is that he was never worth what we all thought. Nobody would use bankruptcy to avoid paying an inconsequential amount of their networth. They would use it if paying what they had tk pay would actually bankrupt them. They would countersue or find away to bury his advisary's lawyers in paperwork or some sh1t. But I don't buy bankruptcy being some scheme not to pay. Why risk jail time if he has 150mil somewhere?
If his companies are as profitable as he claims, he could easily get loans to pay what he owes. Im a Fif stan, so it hurts to see him trying to justify sh1t. He aint broke, but he aint on the Jay/Diddy level we thought he was on
General Mills
More often than not I tend to take that L.
Do you think he would have to file personal bankruptcy tho?
Cloud Cloud
Pro
"Bad faith refers to certain actions and circumstances that cover fraudulent bankruptcy filings. In 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act was legislated to define and outline situations associated with bad faith bankruptcy filing.
One of the roles of the bankruptcy court and bankruptcy Trustee is to protect creditors from debtors who are maliciously trying to defraud the system. Most debtors are really struggling under the weight of their debt without much hope of ever breaking even, but unfortunately, there are people who are just trying to stall or manipulate creditors. There are 5 situations in which a debtor is considered to act in bad faith.
First, if there is evidence that a debtor is trying to unfairly thwart a creditor’s efforts to collect on a debt, this is considered a bad faith filing. "
http://www.duncanlawonline.com/what-does-bad-faith-mean-in-bankruptcy/
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“Walt Disney had filed for bankruptcy before. Donald Trump has filed bankruptcy,” 50 Cent toldE! News on Tuesday while promoting his new movie, “Southpaw.” “It means you’re re-organising your finances. But it does stop things from moving forward that you don’t want moving forward.”
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One of the roles of the bankruptcy court and bankruptcy Trustee is to protect creditors from debtors who are maliciously trying to defraud the system. Most debtors are really struggling under the weight of their debt without much hope of ever breaking even, but unfortunately, there are people who are just trying to stall or manipulate creditors. There are 5 situations in which a debtor is considered to act in bad faith.
First, if there is evidence that a debtor is trying to unfairly thwart a creditor’s efforts to collect on a debt, this is considered a bad faith filing. "
http://www.duncanlawonline.com/what-does-bad-faith-mean-in-bankruptcy/
=====
“Walt Disney had filed for bankruptcy before. Donald Trump has filed bankruptcy,” 50 Cent toldE! News on Tuesday while promoting his new movie, “Southpaw.” “It means you’re re-organising your finances. But it does stop things from moving forward that you don’t want moving forward.”
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The Devil's Advocate
Call me Dad
i agree... just not in 7 daysGates could get you 30 bil in cash if he really wanted or had to
think about how long it takes to make a business deal worth 1 billion... you think he's negiotiating, having his lawyers look through, having their lawyers look through, meet up, sign papers, transfer money, and have it in cash in 7 days... you know how long it'd take to even bunch together 30 billion in cash
quit with the semantics.. i clearly said he could get it... i clearly was making a point of how it wouldn't be ready in cash in an instant
and that was all i was trying to say....Well I dont believe in those net worth estimates because they're all guesses. U can better estimate someone like Gates networth becuse u know how many shares of Microsoft he owned and continues to own. W/ Fifty, we have no idea what was in his record contracts. The vitamin water deal was his biggest deal. Apparently that was worth 100mil before taxes.
So what I can surmise by him filing bankruptcy is that he was never worth what we all thought. Nobody would use bankruptcy to avoid paying an inconsequential amount of their networth. They would use it if paying what they had tk pay would actually bankrupt them. They would countersue or find away to bury his advisary's lawyers in paperwork or some sh1t. But I don't buy bankruptcy being some scheme not to pay. Why risk jail time if he has 150mil somewhere?
If his companies are as profitable as he claims, he could easily get loans to pay what he owes. Im a Fif stan, so it hurts to see him trying to justify sh1t. He aint broke, but he aint on the Jay/Diddy level we thought he was on
ignore the 150 worth and he made 20 million in such and such year... none of that forbes estimates or any other estimates are right... they are.... estimates
unless you open up their books, see what they own, and then have someone ready to buy it, at that price..... you'll never know
50 ain't broke... but 50 don't have 150 million dollars anywhere either..
reminds me of what dame said... "i don't keep money, i just throw it right into another investment".. so if he got sued for 1 million, he might not have it to pay.... but he might also have 5 million invested in some company in europe
JayBaldacci
All Star
bytch facts never changed in the first place,you been wrong
Nah, your just a Pac stan who hates facts. Fif was bigger at his height and a better buisness man. In order to touch the 50/Jay/Puff level of buisness he would of had to do what they did, which is the original argument I was having if you go back.
The Devil's Advocate
Call me Dad
fukk no
y'all keep missing the point... 50 got sued for a large chunk of his worth... i'm sure if he sold EVERYTHING, he could pay her and the other one
but who wants to do that shyt? he'd be without anything.. maybe a few mil... but no assets.. AND to top it off, he'd be paying this woman...
instead he pulls this... or tries to.... and it stops him from having to do all that... and essentially come up with a payment plan
now if the broad won 200k... i'm sure he'd have paid that.. or appealed.. but this is an open and shut case... he ain't winning.. and he's not trying to sell everything to pay her
General Mills
More often than not I tend to take that L.
I can agree with that.