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Rapper Files for Bankruptcy Protection
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13.07.2015
50 Cent has filed for federal bankruptcy protection.
Known legally as Curtis Jackson III, the rapper filed for Chapter 11 bankruptcy protection in U.S. District Court.
The filing lists both assets and liabilities tallied between 10 and 50 million dollars.
His debts are primarily consumer based.
The filing follows a Friday decision for Jackson to pay a woman for posting a video of sexually explicit nature online without her consent.
The New York jury ordered him to pay $5 million for his actions.
The jury is scheduled to deliberate on further punitive damages for invasion of privacy.
Known legally as Curtis Jackson III, the rapper filed for Chapter 11 bankruptcy protection in U.S. District Court.
The filing lists both assets and liabilities tallied between 10 and 50 million dollars.
His debts are primarily consumer based.
The filing follows a Friday decision for Jackson to pay a woman for posting a video of sexually explicit nature online without her consent.
The New York jury ordered him to pay $5 million for his actions.
The jury is scheduled to deliberate on further punitive damages for invasion of privacy.
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