Curtis ’50 Cent’ Jackson Files for Bankruptcy Protection
Curtis Jackson III, better known by his stage name 50 Cent, recently filed for Chapter 11 bankruptcy protection in Hartford, CT. 50 Cent, now 40-years old, is believed to have filed for bankruptcy for protection after a $5-million lawsuit was won by Lastonia Levinston, claiming that Fiddy released sex tapes of the couple, intentionally, damaging her reputation and her marriage to fellow rapper Rick Ross. Despite the theories, lawyers for 50 filed a five-page bankruptcy statement on his behalf without the mention of the lawsuit.
In case you’ve been hiding in a closet somewhere, 50 Cent is a NYC rapper who made his hit debut with the song ‘In Da Club.’ This song was featured on his album ‘Get Rich or Die Trying which was released in 2003. Since this time the rapper has released several additional CDs and went on to acting and other entrepreneurial opportunities.
According to Shaygan Kheradpir, under bankruptcy protection 50 will be allowed to continue performing and even continuing forth with this various other engagements, including SK Energy Drink. While still doing what he loves the rapper will be able to reconstruct his financial matters and regain the wealth that he once claimed through better financial planning and decisions.
The filing in U.S. Bankruptcy Court comes only weeks after 50 filed for bankruptcy protection for his boxing promotions company, SMS Promotions, Inc. In paperwork filed on May 26, Jackson cites the $5 million lawsuit as a primary reason for the need of bankruptcy protection.