Monday, July 13, 2015

50 Cent Files chapter 11

"The Wrap-Up Magazine" Rapper 50 Cent has just filed for "Chaper 11" Bankruptcy, but don't be fooled, that does not mean that the rapper is broke. The NY Daily News reports that 50 Cent, filed for chapter 11 bankruptcy protection Monday.  In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million. The filing comes days after a jury directed Mr. Jackson to pay $5 million to a woman who sued over a sex tape.