50 Cent’s Bankruptcy Woes Far From Over, Fif Pleads W/ Judge To Save His Unit

Written By Cyrus Langhorne

50 Cent
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G-Unit boss 50 Cent has reportedly asked a bankruptcy judge for some support in his publicized financial crunch to avoid losing electricity in his Connecticut home.

According to reports, Fif has asked for permission to dig into his pockets to handle a few utility statements.

50’s in a corner … the bankruptcy judge has him in a straitjacket, prohibiting the mogul from paying even the most basic bills without court approval. He’s asking for permission to pay his electric, gas, trash removal, cable, Internet and phone bills so he doesn’t get shut down. (TMZ)

Recent reports claimed Fif appeared in a bankruptcy court in early August and said his expenses totaled $108,000 every 30 days.

He has a monthly income of $185,000, mainly from royalties and interest on his investments. His Monday court filing says he also owes money to his stylist, his barber and his fitness coach. (AP)

Reports also claimed Fif spent over $70,000 on maintaining his home.

Other monthly expenses for the Power actor include $72,000 a month for his 50 room mansion, including utilities, mortgage, property tax and insurance. Additionally, Jackson spends $9,000 for security, $5,000 for gardening, $1,000 for grooming and another $3,000 in wardrobe per month. (People)

In July, a jury hit 50 Cent with a hard $2 million decision in a publicized sex tape case.

The jury announced the judgment in NYC on Friday. 50 already got hit with a $5 million judgment in the case earlier this month … which lead to him filing for personal bankruptcy. UPDATE: 50 Cent’s attorney has released a statement saying the rapper plans to fight the judgement hoping to “reduce the size of the award.” (TMZ)

20 Comments

Written by Cyrus Langhorne

SOHH.com Writer. You're likely to find me covering hip-hop news and music releases. Netflix is still my go-to before Disney Plus.

20 Comments

    • lmao! does unit mean something else? I would understand if it said package..

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