[img:$uid]http://i.imgur.com/GKaYe8o.jpg?1[/img:$uid]


07/2015
Link


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. 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.

was born a dumbass and will die a dumbass

oh, well... next.

Where the fuck did all that money go? Eminem is depressed he has so much. lol

As Chris Rock said, white folks have wealth, blacks have rims. lol

http://www.dailymail.co.u...-tape.html

.

Oops so sorry I'm outta money.

Spending more than he has not good.

Eminem's protege is not good with money. You would think he has an accountant??

From what I understand, it is one of his companies, so he himself doesn't go broke. That's why it is nice to incorporate your business. You can ditch it and not be homeless.

Eminem is going to make him a sammich.

we all know how the saying goes: a fool and his money are soon departed

Several years ago,wasn't he one of the wealthiest hip-hop stars? Didn't he make some wise investments?

Cinny said:

From what I understand, it is one of his companies, so he himself doesn't go broke. That's why it is nice to incorporate your business. You can ditch it and not be homeless.

A judge ordered him to produce docs and info pertaining to his personal financial affairs, including a net worth statement plus state and federal tax returns for the past five years.

Apparently, he is not as wealthy as people thought.

Well, I guarantee you, he didn't spend all his money on musical instruments.

vainandy said:

Well, I guarantee you, he didn't spend all his money on musical instruments.

hey vainandy.. . you are missed but I'm pleased when you come back for a quick and hilarious comment.

vainandy said:

Well, I guarantee you, he didn't spend all his money on musical instruments.

Cinny said:

From what I understand, it is one of his companies, so he himself doesn't go broke. That's why it is nice to incorporate your business. You can ditch it and not be homeless.

It's his boxing venture, SMS Promotions.

His friendship with Floyd Mayweather ended because Floyd didn't let 50 handle Nayweather Promotions when he was in jail for 90 days. I guess Mayweather knew what he was talking about.

This is a move 2 try and avoid paying that $5 million dollar judgement.

Graycap23 said:

Graycap23 said:

This is a move 2 try and avoid paying that $5 million dollar judgement.

Are you suggesting he's committing bankrupty fraud? That's a felony.

Identity said:

Graycap23 said:

This is a move 2 try and avoid paying that $5 million dollar judgement.

Are you suggesting he's committing bankrupty fraud? That's a felony.

Have u seen the LONG line of moves like this over the years from people of means?

Not a single one has been in court 4 a felony charge.

Identity said:

Graycap23 said:

This is a move 2 try and avoid paying that $5 million dollar judgement.

Are you suggesting he's committing bankrupty fraud? That's a felony.

"I'm taking the precautions that any other good businessperson would take in this situation. You know when you're successful and stuff, you become a target. I don't wanna be a bullseye. I don't want anybody to pick me as the guy that they just come to with astronomical claims and go through all that."

E! ONLINE

Exclusive! 50 Cent Breaks Silence on Filing for Bankruptcy

The "astronomical claim" that apparently forced his hand was a lawsuit filed by a woman whose sex tape Jackson obtained and leaked. Over the weekend, a jury decided that he must pay the woman $5 million.

Jackson, who boasts his extravagant lifestyle on social media, told E! he's fine, adding that he's in good fiscal company.

[Edited 7/14/15 10:37am]

LittleBLUECorvette said:

Cinny said:

From what I understand, it is one of his companies, so he himself doesn't go broke. That's why it is nice to incorporate your business. You can ditch it and not be homeless.

It's his boxing venture, SMS Promotions.

His friendship with Floyd Mayweather ended because Floyd didn't let 50 handle Nayweather Promotions when he was in jail for 90 days. I guess Mayweather knew what he was talking about.

Yeah. But he can just bankrupt SMS Promotions and pay the other lady.

From "In Da Club" to "Living In A Van Down By Da River".

Marvel is now, of course, owned lock, stock and barrel by The Walt Disney Company.

[Edited 7/18/15 11:20am]

Despite Filing For Bankruptcy, 50 Cent’s Sex Tape Lawsuit Will Still Proceed To A Trial

http://tinyurl.com/qhx9724

Graycap23 said: