Archive for 'Bankruptcy'

Officially Bankrupt!

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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.

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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.

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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!

FullSizeRender (12)Sitcom actress Tisha Campbell-Martin and her husband, actor Duane Martin released a joint statement in response to allegations that they filed for bankruptcy earlier this year. “We got involved with some loans before the crash, couldn’t agree to a settlement with the banks, so we filed to reorganize,” the couple said.

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At this point, it is almost impossible to know what is going on with 50 Cent and his money and that is exactly how he wants it too! While the G-Unit general had filed  Chapter 11 bankruptcy, he subsequently was posting various pictures on plies of cash on his Instagram account.  READ MORE

 

Remember when 50 Cent filed for bankruptcy after being told to pay Rick Ross’ baby mama over that sex tape? While people really did believe and say 50 Cent was having money issues, those reports seem grossly exaggerated.  READ MORE

50 Cent Makes Statement About His Bankruptcy

50 centThe other day reports of 50 Cent filing for Chapter 11 bankruptcy hit the internet and rumor began to surfaced about why the Forbes List Hip Hop Cash King had took such drastic measures. Some feared that 50 Cent was on the downside within his finances, but the Chapter 11 filing was done to reorganize and restructure debt situation.  See what 50 Cent had to say about his current financial situation below.  READ MORE

Chris Bosh’s Babymomma Files For Bankruptcy

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Chris Bosh is known for being one-third of the Miami Heat “Big 3”. He just celebrated having a baby boy with his wife last year and allegedly signed a $109 million contract. However, his babymomma is filing for bankruptcy???

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