G-Unit head 50 Cent has once again addressed his publicized bankruptcy filing this week and blamed fame for fueling the attention.
In Fif’s opinion, high-profile celebrities are always in the spotlight.
“I’m taking the precautions that any other good businessperson would take in this situation. You know when you’re successful and stuff, you become a target. I don’t wanna be a bulls eye. I don’t want anybody to pick me as the guy that they just come to with astronomical claims and go through all that. … Walt Disney has filed bankruptcy. Donald Trump has filed bankruptcy. It means you’re reorganizing your finances, but it does stop things from moving forward that you don’t want moving forward.” (E! Online)
Fif poked fun at the situation on Instagram this week.
Fif issued a statement on the situation through his attorney Monday (July 13).
“The filing allows Mr. Jackson to reorganize his financial affairs, as he addresses various professional liabilities and takes steps to position the future of his various business interests,” says William A. Brewer III, partner at Brewer, Attorneys & Counselors, and counsel to Mr. Jackson. Mr. Jackson’s business interests will continue unaffected in the ordinary course during the pendency of the chapter 11 case. (Billboard)
Details of 50’s financial crunch emerged online Monday (July 13).
TMZ has confirmed … 50 filed for bankruptcy on Monday, 3 days after Rick Ross’ baby mama won a $5 million jury verdict against him.
50 is in a world of financial hurt. A jury awarded Lavonia Leviston the $5 mil after determining the rapper intentionally leaked a sex tape in which she was featured, in order to embarrass Ross. 50 has been ordered to produce proof of income and worth so the jury can determine punitive damages. (TMZ)
50 always has an answer and anyone could have told you what he had plans on saying about this bankruptcy. The main issue here is why is 50 filing for bankruptcy for only 5 million bucks. I say “only” because the impression I had was Curtis is worth in the 100’s of millions. In that scenario, either try to settle out of court for half of that, or just pay it off. Essentially, that would be like a regular folks making 50k a year filing for bankruptcy to avoid paying a one time payment of 1000 dollars. It’s just not worth it. His situation is in no ways similar to Trump or Walt Disney. For example, Trump had 900 million dollars worth of debt when his company first filed for bankruptcy. Even if Trump was worth 2 billions dollars at that time(very unlikely), that would still be close to half his worth. It’s easy to bring up successful people’s names when filing for bankruptcy, but this is making 50 look like he’s not even worth 20 million dollars. I am not bashing him – although he’s being punished for his stupidity with the leaking of the sex tape – but this whole situation seems strange to me. Either 50 isn’t as rich as we thought, or he’s that prideful that he’s not willing to pay 5 millions and rather filed for bankruptcy.
He is rich. He can easily pay the money and still be good. He owes sleek audio over 10 million dollars and Rozay’s baby momma 5 million. I understand the bankruptcy but if I were him I would just pay the money and laugh about that. When you’re a business man you always take a loss sometime although I doubt you ‘ll ever see Jigga and Diddy doing the same.
For someone like 50, filing for bankruptcy is just bad press. He takes a hit from that which is why it doesn’t make sense for him to pay off so little debt. Maybe he’s scared others will come after him, but he’s not doing as well as you think. Essentially would be taking 15 millions from 150 millions(which is nothing) or would he be subtracting 15 millions from 50 millions which would be a big loss. I am saying we don’t really know.
well we do know…lol , when you petition or file for bankruptsy you have to list you assests and debts. he listed that. 50 has btwn 10-40 million but he owes 10-40million. well thats what his lawyers claimed. and if you think he can hide money in 2015 and his creditors and the courts wont find it, good luck.
Losing 15 millon is alot wtf u talkin about ol couch potato ass nigguh
I know it’s a lot but still. It don’t make sense to brag about how much you money you got and how much stacks you blow and don’t pay lawsuits. If you a real baller you pay what you gotta pay.
I agree totally he is filing bankruptcy because his debt is outweighing his actual physical cash not because he doesn’t want to pay 5 mil. If it was strictly because of that judgement the bankruptcy wouldn’t even be approved.
That’s exactly what I’ve been saying… You have to qualify for a bankruptcy.
probably pride
You’re correct… He’s not as rich as perceived in the past… That’s all changed now
No 50…the reason is because you made a living dissing people. dissing artist because they don’t sell as much as you did or didn’t have as much money as you did. the spotlight is on you because you never shied away from it before. you have a comment for anything and everything including the stories that don’t involve you. you make stupid youtube videos and pimpin curly skits. What would 50 say if Jay-Z or Puffy filed for Bankruptcy. You know 50 would had said something and it wouldn’t had been nice. Floyd doesn’t have to know how to read to cash checks.
I knew it
you calling dudes papi….smh
Summed it up brilliantly bro. 50 wants to have an opinion on everybody else’s life & you know he’d have nothing but jokes if it was a Jay or Puff. I completely get why he filed but don’t try and front like you don’t know why there’s hype about it. Continue to pursue your business ventures and what not but seriously shut the fuck up. I’m so sick of hearing this dude’s mouth on everybody’s else’s shit except his own…
“What would 50 say if Jay-Z or Puffy filed for Bankruptcy. You know 50 would had said something and it wouldn’t had been nice”
Honestly I don’t think so because 50 knows a lot about business strategy’s. He don’t like Jay and Diddy but he has to respect them cause he knows their money longer than his. This nigga is worth 150 million dollars so he can easily pay whatever he owes. He is just thinking like a businessman if you are looking at it from that perspective. I’m not trying to defend him tho. In my personal opinion I also think the bankruptcy is a lame thing to do when you are 50 cent. I think he should pay and just laugh it off. In the middle east filing for bankruptcy is a huge insult.
really, tell me one biz man that filed for chapter 11 to “reorganize”, cuz TRUMP sure as hell didnt, and when trump enterprises did it , it was to pay off LOANS, not for reorganizing.
if you think he’s worth 150 million, then why give the courts documents that state your assests btwn 10-40 million with that much in debts? you do know if he IS worth that much, he can face a multitude of charges and fines that will cost him waay more than the 5million.
NO smart biz man would file chapter 11 just for a reorganization. hell you can reorganize your doe any time you want lolol, you dont need to file bankrupt just to move you cash into more secure places. this excuse is a joke
Exactly he is embarrassed as hell and this is all a spin job to make it like he WANTED to file for this bankruptcy.
50 needs to hold this L for being exposed in front of the world for not having as much bread as he said he did.
Before I Self Destruct was a perfect album name
Stop using that businessman excuse. Businesses pay people off all the time because it’s not worth the headache to go to court or get bad publicity. For marketing purposes alone, he shouldn’t have filed. When calculating net worth of celebrities, brand value is taking into account. For the regular folks, we have no brand value as no one would pay us to use our name or likeness for any product or brand. For 50 as a brand, he’s certainly worth around 10 millions or more. Any negative publicity devalues his brand name. Filing for bankruptcy is certainly negative publicity. Obviously 50 has people with much more knowledge about branding the like and in that case, the only logical conclusion is that he really does need to file for bankruptcy.
Yes they will lock you up if you didn’t pay your car note… Lol over half the U.S. Would be in jail…. Lol
Going back to the sextape..is it really that bad? Like 5 million for a video nobody watched? So if my ex posts my dick pics on Facebook can I Sue for 5 million? I seriously didn’t know this was that serious an offense. I think Kobe and MJ settled out of court for less.
It is serious enough to warrant a settlement but to go after him for punitive damages is just being greedy.
When u have 50 cent money its a diffrent story but youre ex nahhhh
How old are you? I think the judgment is fair. This will be out there forever. Who wants everyone (your children, parents, neighbors, co-workers) to see them like that. Obviously he is to immature to have money, so let him go back to being broke. Who takes their hard earned money and buy a sex tape of their rival? He killed his own career by being petty.
Blame your own stupidity lmao, don’t nobody want to hear that crap.
50 always has an answer and anyone could have told you what he had plans on saying about this bankruptcy. The main issue here is why is 50 filing for bankruptcy for only 5 million bucks. I say “only” because the impression I had was Curtis is worth in the 100’s of millions. In that scenario, either try to settle out of court for half of that, or just pay it off. Essentially, that would be like a regular folks making 50k a year filing for bankruptcy to avoid paying a one time payment of 1000 dollars. It’s just not worth it. His situation is in no ways similar to Trump or Walt Disney. For example, Trump had 900 million dollars worth of debt when his company first filed for bankruptcy. Even if Trump was worth 2 billions dollars at that time(very unlikely), that would still be close to half his worth. It’s easy to bring up successful people’s names when filing for bankruptcy, but this is making 50 look like he’s not even worth 20 million dollars. I am not bashing him – although he’s being punished for his stupidity with the leaking of the sex tape – but this whole situation seems strange to me. Either 50 isn’t as rich as we thought, or he’s that prideful that he’s not willing to pay 5 millions and rather filed for bankruptcy.
He is rich. He can easily pay the money and still be good. He owes sleek audio over 10 million dollars and Rozay’s baby momma 5 million. I understand the bankruptcy but if I were him I would just pay the money and laugh about that. When you’re a business man you always take a loss sometime although I doubt you ‘ll ever see Jigga and Diddy doing the same.
For someone like 50, filing for bankruptcy is just bad press. He takes a hit from that which is why it doesn’t make sense for him to pay off so little debt. Maybe he’s scared others will come after him, but he’s not doing as well as you think. Essentially would be taking 15 millions from 150 millions(which is nothing) or would he be subtracting 15 millions from 50 millions which would be a big loss. I am saying we don’t really know.
I agree totally he is filing bankruptcy because his debt is outweighing his actual physical cash not because he doesn’t want to pay 5 mil. If it was strictly because of that judgement the bankruptcy wouldn’t even be approved.
probably pride
Losing 15 millon is alot wtf u talkin about ol couch potato ass nigguh
I know it’s a lot but still. It don’t make sense to brag about how much you money you got and how much stacks you blow and don’t pay lawsuits. If you a real baller you pay what you gotta pay.
well we do know…lol , when you petition or file for bankruptsy you have to list you assests and debts. he listed that. 50 has btwn 10-40 million but he owes 10-40million. well thats what his lawyers claimed. and if you think he can hide money in 2015 and his creditors and the courts wont find it, good luck.
You’re correct… He’s not as rich as perceived in the past… That’s all changed now
That’s exactly what I’ve been saying… You have to qualify for a bankruptcy.
No 50…the reason is because you made a living dissing people. dissing artist because they don’t sell as much as you did or didn’t have as much money as you did. the spotlight is on you because you never shied away from it before. you have a comment for anything and everything including the stories that don’t involve you. you make stupid youtube videos and pimpin curly skits. What would 50 say if Jay-Z or Puffy filed for Bankruptcy. You know 50 would had said something and it wouldn’t had been nice. Floyd doesn’t have to know how to read to cash checks.
I knew it
you calling dudes papi….smh
Summed it up brilliantly bro. 50 wants to have an opinion on everybody else’s life & you know he’d have nothing but jokes if it was a Jay or Puff. I completely get why he filed but don’t try and front like you don’t know why there’s hype about it. Continue to pursue your business ventures and what not but seriously shut the fuck up. I’m so sick of hearing this dude’s mouth on everybody’s else’s shit except his own…
“What would 50 say if Jay-Z or Puffy filed for Bankruptcy. You know 50 would had said something and it wouldn’t had been nice”
Honestly I don’t think so because 50 knows a lot about business strategy’s. He don’t like Jay and Diddy but he has to respect them cause he knows their money longer than his. This nigga is worth 150 million dollars so he can easily pay whatever he owes. He is just thinking like a businessman if you are looking at it from that perspective. I’m not trying to defend him tho. In my personal opinion I also think the bankruptcy is a lame thing to do when you are 50 cent. I think he should pay and just laugh it off. In the middle east filing for bankruptcy is a huge insult.
really, tell me one biz man that filed for chapter 11 to “reorganize”, cuz TRUMP sure as hell didnt, and when trump enterprises did it , it was to pay off LOANS, not for reorganizing.
if you think he’s worth 150 million, then why give the courts documents that state your assests btwn 10-40 million with that much in debts? you do know if he IS worth that much, he can face a multitude of charges and fines that will cost him waay more than the 5million.
NO smart biz man would file chapter 11 just for a reorganization. hell you can reorganize your doe any time you want lolol, you dont need to file bankrupt just to move you cash into more secure places. this excuse is a joke
Exactly he is embarrassed as hell and this is all a spin job to make it like he WANTED to file for this bankruptcy.
50 needs to hold this L for being exposed in front of the world for not having as much bread as he said he did.
Before I Self Destruct was a perfect album name
Stop using that businessman excuse. Businesses pay people off all the time because it’s not worth the headache to go to court or get bad publicity. For marketing purposes alone, he shouldn’t have filed. When calculating net worth of celebrities, brand value is taking into account. For the regular folks, we have no brand value as no one would pay us to use our name or likeness for any product or brand. For 50 as a brand, he’s certainly worth around 10 millions or more. Any negative publicity devalues his brand name. Filing for bankruptcy is certainly negative publicity. Obviously 50 has people with much more knowledge about branding the like and in that case, the only logical conclusion is that he really does need to file for bankruptcy.
Yes they will lock you up if you didn’t pay your car note… Lol over half the U.S. Would be in jail…. Lol
Going back to the sextape..is it really that bad? Like 5 million for a video nobody watched? So if my ex posts my dick pics on Facebook can I Sue for 5 million? I seriously didn’t know this was that serious an offense. I think Kobe and MJ settled out of court for less.
It is serious enough to warrant a settlement but to go after him for punitive damages is just being greedy.
When u have 50 cent money its a diffrent story but youre ex nahhhh
How old are you? I think the judgment is fair. This will be out there forever. Who wants everyone (your children, parents, neighbors, co-workers) to see them like that. Obviously he is to immature to have money, so let him go back to being broke. Who takes their hard earned money and buy a sex tape of their rival? He killed his own career by being petty.
I love 50 cent but he should have realized with a certain level of success and wealth you have to act a certain way, assuming he really is worth the 100s of millions as purported by the various “financial press”, he should have realized that sex tape business would come and bite him in the ass.. As my mother always tells me a fool and his money are easily parted..
Blame your own stupidity lmao, don’t nobody want to hear that crap.
Nation Of Love With Peoples by sohh < www.NetCash9.Com
I love 50 cent but he should have realized with a certain level of success and wealth you have to act a certain way, assuming he really is worth the 100s of millions as purported by the various “financial press”, he should have realized that sex tape business would come and bite him in the ass.. As my mother always tells me a fool and his money are easily parted..
Nation Of Love With Peoples by sohh < www.NetCash9.Com
Donald Trump and Disney didn’t file personal bankruptcy. Also, i really question his motives. You can not file to not pay your debts. I hope he doesn’t end up like Teresa Guidice, because of his need to flash. The judge could deny his bankruptcy or charge him with fraud. Get off of social media that will be your downfall.
He has to pay the debts lol. He’ll just be able to reorganize i.e. buy more time. This is why I am surprised he filed for bankruptcy. For a big corporation, one could give up shares of the company or some of the ownership power which is equivalent to cash. 50 can’t do that at all. Either he’ll pay the 5 million via a payment plan or the girl will accept a substantial amount of money albeit less than the 5 million Curtis owes her.
Depends on what chapter bankruptcy he files. i think chapter 11 allows you to wipe everything out and 7 is a reorganization.
Ch 7 allows you to wipe everything out, but that’s someone who is completely hopeless. It also destroys your credit. Ch 11 just allows you more time to figure things out. Curtis isn’t filing for Ch 7 though. 50 no doubt has money, but it’s really how much. He was never Jay, Diddy or Dre, but he was in the next group. Now, he might be with Ross or below him lol which would be very ironic.
It is so crazy that these sites are going to stretch this “story” out for so fxcking long and make so much money off of it. The irony is that they are feeding off the polarizing image that 50 created for himself. So now they’re saying he’s “blaming fame.” And of course the termites are coming out the woodwork and eating it all up. I need to register a hiphop site and get some of this leech money.
Donald Trump and Disney didn’t file personal bankruptcy. Also, i really question his motives. You can not file to not pay your debts. I hope he doesn’t end up like Teresa Guidice, because of his need to flash. The judge could deny his bankruptcy or charge him with fraud. Get off of social media that will be your downfall.
He has to pay the debts lol. He’ll just be able to reorganize i.e. buy more time. This is why I am surprised he filed for bankruptcy. For a big corporation, one could give up shares of the company or some of the ownership power which is equivalent to cash. 50 can’t do that at all. Either he’ll pay the 5 million via a payment plan or the girl will accept a substantial amount of money albeit less than the 5 million Curtis owes her.
Depends on what chapter bankruptcy he files. i think chapter 11 allows you to wipe everything out and 7 is a reorganization.
Ch 7 allows you to wipe everything out, but that’s someone who is completely hopeless. It also destroys your credit. Ch 11 just allows you more time to figure things out. Curtis isn’t filing for Ch 7 though. 50 no doubt has money, but it’s really how much. He was never Jay, Diddy or Dre, but he was in the next group. Now, he might be with Ross or below him lol which would be very ironic.
I’m impressed with most of the comments on this site. Most of you realize he is full of shit… 50 will guaranteed stop fronting on Puffy and Jay Z now.. They’ve never had to claim “chapter 11” for their personal finances…
“Blah Blah Blah” it’s because I’m famous is why I’m claiming bankruptcy.” -50cent
Hold this L 50
“Before I Self Destruct.”
Someone should have taught him some humility a long time ago. It seems this is his first lesson in it. Let’s see if he actually learns from it moving forward.
It is so crazy that these sites are going to stretch this “story” out for so fxcking long and make so much money off of it. The irony is that they are feeding off the polarizing image that 50 created for himself. So now they’re saying he’s “blaming fame.” And of course the termites are coming out the woodwork and eating it all up. I need to register a hiphop site and get some of this leech money.
I’m impressed with most of the comments on this site. Most of you realize he is full of shit… 50 will guaranteed stop fronting on Puffy and Jay Z now.. They’ve never had to claim “chapter 11” for their personal finances…
“Blah Blah Blah” it’s because I’m famous is why I’m claiming bankruptcy.” -50cent
Hold this L 50
“Before I Self Destruct.”
Someone should have taught him some humility a long time ago. It seems this is his first lesson in it. Let’s see if he actually learns from it moving forward.
I hink