Saturday, February 04, 2017

50 Cent Emerges From Bankruptcy


Rapper 50 Cent emerges from bankruptcy after paying off $22 million in debt...

Two years ago rapper 50 Cent filed for bankruptcy just one week after losing a $7 million defamation of character lawsuit for posting rival Rick Ross' baby mama's amateur sex tape on the internet [click here if you missed that].

At the time 50 claimed to have $36 million in debts with less than $20 million in assets.

After reaching an agreement to pay 74% of the debt, 50 slapped his bankruptcy lawyers with a $13 million malpractice lawsuit, which he won.

This week 50 Cent used the settlement from his lawsuit, plus $8 million of his personal money to pay off his bankruptcy obligations 4 years ahead of schedule.

50 is currently suing the lawyers who represented him in the sex tape case [click here if you missed that].

4 comments:

Felicia said...

PIMPING

Anonymous said...

Damn homie

Anonymous said...

Cmon people this brother was far from broke or B.Rupt. He is a business man!

Anonymous said...

Cmon people this brother was far from broke or B.Rupt. He is a business man!

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