Wednesday, April 24, 2024
HomeNews50 Cent no longer bankrupt

50 Cent no longer bankrupt

Published on

Rapper 50 Cent has reportedly been discharged from bankruptcy after paying off a $22 million debt.

He is in the clear after after having repaid his debts with $8.7 million of his own cash and a $13.65 million malpractice settlement with his former lawyers, reports pagesix.com.

The “Get Rich or Die Tryin'” hitmaker filed for bankruptcy in Connecticut federal court in July 2015 shortly after a Florida woman named Lastonia Leviston won a $7 million verdict against him in Manhattan state court.

He listed $36 million in debts and under $20 million assets.

The rapper, whose legal name is Curtis Jackson, drew criticism from the bankruptcy judge for posting social media photos of cash while he claimed to be broke.

Jackson still had over four years to repay the debts under a court-approved bankruptcy plan.

The discharge approval says Jackson still owes unspecified amounts to Bentley, SunTrust Mortgage and $50,000 to two women who were injured at his concert in Massachusetts in 2004.

A spokesman for the rapper is yet to comment.

See also  I'm more famous in India than in Iran, says Majidi (Lead)
Follow Hamara Photos on Google News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Follow Hamara Photos on Google News

Latest articles

More like this

Britney Spears Reflects on Her Split with Sam Asghari

Britney Spears reveals her emotions surrounding her breakup with long-time partner Sam Asghari.

Lizzo Refutes Sexual Harassment Accusations Made By Former Dancers

Lizzo vehemently denies sexual harassment allegations laid by her erstwhile dancers. She refuted these accusations, defending her character and principles strongly.

Prospective Delay of ‘Dune: Part Two’ as Hollywood Strikes Grow More Intense

'Dune: Part Two', the anticipated sequel, faces potential indefinite delay amidst amplified Hollywood strikes, pandemic-induced economic strain, and theatre chain's financial troubles.

Angelina Jolie’s Ex-Business Files Legal Action against Bradd Pitt’s Associates

As the vineyard dispute intensifies, Angelina Jolie's ex-company Nouvel files a legal action against Brad Pitt's associates. The battle over the French winery, Chateau Miraval, unfolds a new drama in their post-marital saga.

Legal Storm Brews Over Kanye West’s Donda Academy Amidst Allegations of Unsafe Conditions

Rapper Kanye West is embroiled in a lawsuit filed by a former gym teacher of Donda Academy, alleging wrongful termination and violation of safety and labor codes due to unsafe conditions.

Madonna revived with an emergency injection

Madonna experienced septic shock from a severe bacterial infection, postponing her tour. She's steadily recovering with the support of her loved ones.