A federal judge has just discharged the brand new bankruptcy question of rap artist fifty Cent shortly after the guy reduced over $twenty-two mil from their loans.
fifty Cent filed getting Part 11 reorganization when you look at the 2015 , which have expense out of $36 million and you will property out-of lower than $20 billion. The new Score Steeped or Die Tryin‘ artist, whoever actual name is Curtis Jackson, paid down a good five-year plan early with $8.seven million out of their own money and you will $ mil he acquired in funds of an appropriate malpractice lawsuit.
Jackson’s personal bankruptcy circumstances been when a lady won a great $seven million payment facing him from inside the 2015 to own upload a gender recording. After, the guy submitted to have bankruptcy to support that loans, plus his unsuccessful businesses.
However, late this past year, Jackson almost was at heated water when he posed having hemorrhoids of money towards Instagram. A court asked in the event the he had been really declaring all of the his assets, but Jackson told you he had been merely life style up to his sensed visualize – a well-known rap artist having many money around him – which the cash was good prop.
In the a Essex payday loans near me reaction to the fresh new legal , 50 Penny told you: Because I’m photographed in the or next to a particular vehicle, wearing an item of attire, carrying something, sitting near to exactly what appears to be huge amounts of money or modeling high priced bits of jewelry doesn’t mean which i individual all things in those people photo. Read More