50 Cent Files For Chapter 11 Bankruptcy
filed for chapter 11 bankruptcy protection Monday.
In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., 50 reported assets and debts each in the range of $10 million to $50 million.
The filing comes just days after a jury directed him to pay $5 million to Rick Ross’ baby mama who sued him over a sex tape, the Associated Press reports.
RR
There ya go….
Claim insolvent clear the decks and start fresh, it’s done everyday in white collar jobs.
Malcolm Gardner this is CLEAR #DamageControl, sir……