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50 CENT FILES FOR BANKRUPTCY

50 CENT FILES FOR BANKRUPTCY

In what looks like an attempt to get out of paying for the recent loss in the $5million sex tape law suit, 50 Cent has filed for Chapter 11 bankruptcy. 

Source: The Wall Street Journal


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.
Check out the full documents HERE
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