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50 Cent Files for Bankruptcy

Rapper, 50 Cent Files for Bankruptcy | Court Documents

Popular American rapper and actor, 50 Cent was recently sued by Rick Ross’ baby mama for leaking her s*xtape

According to reports, the rapper has filed for federal bankruptcy protection, days after a jury ordered him to pay $5 million in an invasion-of-privacy lawsuit.
Curtis Jackson III, who owns a home in Farmington, filed for Chapter 11 bankruptcy protection in U.S. District Court in Hartford on Monday.

The filing lists both his assets and liabilities as between $10 million and $50 million.
It comes after a New York jury on Friday ordered Jackson to pay $5 million to a woman who said he acquired a video she made with her boyfriend, added himself as a crude commentator and posted it online without her permission.

Jackson’s attorneys and his publicist did not immediately respond to phone and email requests seeking comment on Monday.
50 Cent is now 40, a businessman and his interests have ranged from mining to water drinks — and an actor whose credits include the Starz network action series “Power” and the upcoming boxing movie “Southpaw.”

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Do you think this is a smart move for him to avoid paying the $5 million ? Tell us what you think in the comments below!

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About Derrick Asare

Derrick Asare is an Editor for Xbitgh. He love Music, going to the movies, making friends, web designer, computer science major.

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