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50 Cent’s SMS Promotions Files For Bankruptcy 

  

In court docs filed in Connecticut, SMS says it has between $100k and $500k in debts. 
SMS just put on a fight in Connecticut on May 15th — though it clearly wasn’t enough to turn the company around. 
An attorney for SMS Promotions says 50 — aka Curtis Jackson — made the decision to file so the business could reorganize and emerge as a stronger company. 
“Under the direction of Mr. Jackson, SMS Promotions looks forward to reorganizing as a new corporate entity and becoming one of the leading promotion companies in the world of professional boxing.”

TMZ

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