Filing for bankruptcy is no joke but when it is necessary then it has to happen! 50 cent had a case that he was trying to get out of and it has worked! He has officially filed bankruptcy but all this is happening at a high price.
According to sources, the deal was that he will pay out a whopping $23 million dollars within a span of 5 years to his creditors. Now, I know everyone wants to know, is one of his big creditors his baby mama for his child support? No one knows and I think there would have been a lot more talk if that was the case.
He owes $17 million to Sleek Audio, $6 million Lastonia Leviston. 50 cent has always been one of those people who is very straightforward but also crazy at the same time. I don’t know how he got into debt that deeply but I just hope that his payment plan works!
This should be a lesson to everyone thinking about going into the business world that everything is a risk. You play the hand you’re dealt and hope for the best outcome. Always play smart!
Filed under: Celebrity News