Cyrus Langhorne
G-Unit boss 50 Cent is reportedly going to present a 5-year plan to pay out nearly $23 million in his publicized bankruptcy case.
After settling a sex tape case for $6 million last month, Fif now believes he can make things right with other creditors.
Fiddy plans to dole out the biggest pay-out to headphone company Sleek Audio, with $17.3 million, according to court documents obtained by the gossip site. He also pledged $4.9 million to Sun Trust Bank and said he plans to liquidate some of his assets to cover the massive debt. The hefty proposal would work out to roughly $400,000 a month. (New York Daily News)
U.S. Bankruptcy Judge Ann M. Nevins scolded Fif in court last week.
I would like to make a brief comment about the use of social media,” she said. “I want to be clear that when parties are in this courtroom or … they’re in a conference room around the corner from this courtroom, that’s not funny. … There’s nothing funny going on here. This is very serious stuff. So, I just want to make that point.” (Hartford Courant)
Last week, 50’s judge banned smartphones from court proceedings.
The judge banned all electronic devices from the courtroom and conference rooms in response to Fiddy’s last court appearance. You’ll recall he posted a shot of himself last month with a wad of possibly fake cash in his waistband … while a hearing was STILL IN PROGRESS. The judge said she’s all for free speech, but implored 50 to quit with the antics and take the case seriously. (TMZ)
Fif went on a mini-Instagram tirade dishing on his issues with the legal system last month.
