Rapper 50 Cent Filed for Bankruptcy in the US.
Real Name Curtis James Jackson III aka 50 Cent has filed for Chapter 11 bankruptcy, Just before He lost his case Against Lavonia Leviston, Rick Ross’ baby mama over the leaked Sex tape and Court Ordered him to Pay $5 Million. Here’s the full story Below.
UPDATE: Lawyer of 50 Cent Confirmed that 50 Cent Filed for bankruptcy under the chapter 11 Code & He Also releases a Statement (Via BB)
“The filing allows Mr. Jackson to reorganize his financial affairs, as he addresses various professional liabilities and takes steps to position the future of his various business interests. Mr. Jackson’s business interests will continue unaffected in the ordinary course during the pendency of the chapter 11 case.”
UPDATE: Here’s a video of New 50 Cent’s Interview with rolling out in promotion of movie “Southpaw”. He also Talks About his Bankruptcy Situation (14:45).
“This filing for personal bankruptcy protection permits Mr. Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs.”
