Judge approves 50 Cent's $23,000,000 bankruptcy payment plan

Started by Red Rum, May 21, 2016, in Music Add to Reading List

  1. Red Rum
    Posts: 5,355
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    Joined: Feb 15, 2011

    May 21, 2016
    A judge has approved 50 Cent's proposed, bankruptcy payment plan.

    Bankruptcy may soon be a thing of the past for Queens rapper 50 Cent if a bankruptcy payment plan is approved by 50's creditors. MarketWatch.com reports that as part of the payment plan, the musician will be required to pay a little over $23 million in future earnings to his creditors.

    Among the creditors looking to get into 50's pockets are Sunburst Bank, Sleek Audio LLC, SunTrust Banks Inc., and ASCAP. 50 Cent's total debt stands at $32.6 million, and with the proposed plan he'll have to pay between 74% and 92% of that amount.

    According to MarketWatch.com, the rapper shared his belief that "reorganization under the plan is feasible and that the plan provides for the greatest recoveries.”
     
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  2. Mike Tyson
    Posts: 20,023
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    Mike Tyson big cuntry's alias

    May 21, 2016
    good man, we're gonna figure it out

    #WeStandWithCurtis
     
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  3. thewavemann2
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    May 21, 2016
    50 is way too smart to fail in this business
     
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