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Did Rapper 50 Cent Really Declare Bankruptcy Over Lawsuit?
Rapper 50 Cent filed for Chapter 11 bankruptcy protection on Monday. Curtis James “Fifty” Jackson III was hit with a five million dollar judgment against him in a case over a leaked sex tape with Lastonia Levinston right before filing for protection. Whether or not the rapper declared bankruptcy over the lawsuit, Fifty has now joined a lengthy list of celebrities who were once rich but burned through their money.
It was recently estimated by Forbes that the rapper has $155 million worth of assets, however, court documents filed in Connecticut report Jackson’s liabilities and assets to fall in the range of $10 million to $50 million. According to Adam Holguin, Chicago attorney, filing Chapter 11 does not mean 50 Cent is broke. He says bankruptcy will … click HERE to continue reading
