Thursday, April 25, 2024

50 Cent Bankruptcy Case Settled, but its Costly

50-Cent

*Happy days are here again for Curtis “50 Cent” Jackson. That’s because his bankruptcy judge signed off on a deal that officially ends his case. However, it won’t be cheap.

Specifically, 50 will pay out $23 million to his creditors over the next 5 years. That would be $17 million to Sleek Audio and $6 million to Lastonia Leviston, according to legal documents obtained by TMZ.

The rapper/actor presented the plan back in April, but the judge is just now approving it.

“Mr. Jackson is pleased that the Bankruptcy Court approved his plan of reorganization today, less than one year after filing for chapter 11 to reorganize his financial affairs,” according to 50 Cent’s lawyer.

READ RELATED STORY: 50 Cent Donates $100,000 to Autism Speaks after Mocking Teen

The lawyer goes on to say: “Mr. Jackson appreciates the fresh start this process provides.”

Meanwhile, Fiddy has been hard at work in his partnership with Effen Vodka, traveling to events and promoting the brand and was even posting up evidence of his hustle earlier.

“My schedule is crazy right now I’m everywhere . No days off, ?#EFFENVODKA #FRIGO,” he captioned an Instagram of himself in a helicopter Wednesday before adding, “I told you I’m a hustler, watch me work.”

?oh now I remember where I put that Money. LMAO #EFFENVODKA #FRIGO

A photo posted by 50 Cent (@50cent) on

 

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