Showing posts with label Bankrupt. Show all posts
Showing posts with label Bankrupt. Show all posts

Friday, July 17, 2015

#BBB NEWS| 50 Cent Lists His Largest Creditors

According to bankruptcy documents, 50 Cent owes $28,478,920 to his 20 biggest creditors.

His largest debt is to Florida headphone maker Sleek Audio, who won a $18,428,257 judgement against Fif for stealing their headphone design.

His second biggest creditor is  Rick Ross’s baby mama Lavonia Leviston, who just snagged a $5,000,000 judgement against 50 for leaking her sex tape.

Other debts include $568,304 to Reed Smith, his lawyers,137,880 to Bentley Financial Services for a car lease, $64,909.04 to American Express and $5,245.66 to a stylist on Park Avenue. 50 also owes his grandfather $1,700.

Monday, July 13, 2015

#BBB NEWS| 50 Cent Just Filed For Bankruptcy

50 Cent, who’s made his business  acumen a big part of his persona, has just filed for bankruptcy.

Fif reported assets and debts each in the range of $10 million to $50 million in papers filed in the U.S. Bankruptcy Court in Hartford, Conn today.

On Friday, 50 Cent lost the first round of his trial against Rick Ross’s baby mama Lavonia Leviston, who had sued him for leaking her sex tape. The jury awarded Leviston at least $5 million, and was set to weigh punitive damages this week. In May, 50’s SMS Boxing Promotions also filed bankruptcy.

50 Cent has yet to comment on his bankrupcy. (Neither has Puff Daddy, Rick Ross, etc…)

Update: Read a statement from 50 Cent’s lawyer below: