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……
Smartly watch
#Exactly!!!! When you spend time minding other folks’ business instead of your own………money tends to get away…….#WhosLaughingNow?
Just think if he wasn’t attacking Jimmy he could of had a deal w/ beats and had a beats by 50 edition and they could of kept all that bread in the family
Dr. Dre stopped dealing with him when he started attacking Jimmy Iovine. You can’t attack Dres partner and think he is going to still work with you. Jimmy took chances on these cats with millions and they all made millions
50 had a chance to be in good company but he wants to be the big bad bully all the time. Sometimes you have to leave that hood attitude alone and get up in some business with some good people
He has a #MonkeySeeMonkeyDo mindset to business…….
Jay Z wanted to build an empire, so he payed a visit to Warren Buffet. 50-cent is local neighborhood game playing….
Smh it’s already to many celebrity vodkas on the market his not about to make up for that kind of payout. Smh
Karma NEVER leaves anyone out, bro. #GreatPoint
Could also be the results of putting out all the bad vibes over the years and the beefs and treating people like trash! That comes back around Sumtingwong Witchu Saunders
Kingsmen White, that’s the difference between shadow-boxing and getting BANGED on! LOL!!!! #HesNotASharkInTheWater
#OnlyOneJayZDrDreAndSeanCombs
He still has that EFFEN vodka that he is counting on to get paid like diddy gets off of ciroc and then he might can sell the SMS audio brand like dr Dre did and still come out on top but DANG fif
Sumtingwong Witchu Saunders he sued them for 250,000 and won and then they turned around and hit him for 17 million for stealing their design
Poor business sense and no-sense-at-all kind of guy.
#50CentIsAboutToBeNoCents
Plus that $17 million judgment against him from sleek audio for stealing their design and partnering w/ sms audio.
Keep in mind, we haven’t reached PUNITIVE damages yet. When acting like a little boy goes ALL WRONG!!!!! #ShesBreakingTheBank
https://youtu.be/UwlwoMV4HKk
He trying his best not to come up off that 5mil smh he should have thought about his actions before he put her out there.