By Hassan Sanusi
American rapper and businessman, 50 Cent has filed for chapter 11 bankruptcy protection.
The filing was done today, July 13, 2015 and according to Wall Street Journal, 50 Cent gave evidence of possessions and debts, respectively in the range of $10 million to $50 million.
The court papers were filed in the U.S. Bankruptcy Court in Hartford, a city in Connecticut but the attorney allegedly listed on the liquidation appeal is yet to respond.
1 comment
It is always not such a good news when an artist or business man should have to file for chapter 11 bankruptsy, it simply suggest serious financial dificulty that requires professional and legal interventions for the possiblity for a renegotiation of prior business agreement and rearangement of debts, I hope the rapper/business man 5o Cent would eventually fully bounce back into the finiancial blacks.