50 cent files for bankruptcy

[Screwtape]

This nigga is far from broke. Homie pulled a fast one and his the doe so that he ain't gotta pay the people suing him as much money. Think about it. I'd do the same shit

hes pulled a number over the legal system and you can work this out.... but the law cant?

we will see how that works out

 

[Screwtape]

ross just put out a diss track to 50 lmao

 

[Screwtape]

'50 financial woes I never speak of em, years ago pimpin curly we know we ethered him'

 

[your flyness]

50 isnt broke, but the money he has needs to be paid to his creditor, thus Bankruptcy. Pretty much if he does pay out, he will be broke after the fact.

Yall niggas cant have it both ways. Either he will be broke after (not currently) paying his debts, or he perjuring in court...

 

[MeTaL]

50 is far from broke.. I think niggas in here getting chapter 7 and chapter 11 bankruptcy confuse..

50 filed chapter 11 bankruptcy.. Chapter 11 protects you from creditors seeking money.. while you reorganized your debts.. this stops..creditors that the debtor(50) owes money to.. from collecting any money.. it's a 2 year process.. Nobody such as creditors can come at his head in the mean time and collect any type of money from him..

The nigga is going to come up with a payment plan.. 50 is going to use both his existing assets and any income going forward for these payment plans and while he's putting together a plan, his creditors have to leave him alone... that's where the "protection" of chapter 11 comes in...

So once 50 has made the payments determined in the plan... any remaining debts or amounts are discharged...with the exception of taxes, student loans, child support or alimony, criminal fines, and debts... of which the debtor(50) is aware of but the nigga probably is not going to include that in his plan. that's a smart nigga..the bitch may not even get the full amount..

 

[5 Grand]

50 is far from broke.. I think niggas in here getting chapter 7 and chapter 11 bankruptcy confuse..

50 filed chapter 11 bankruptcy.. Chapter 11 protects you from creditors seeking money.. while you reorganized your debts.. this stops..creditors that the debtor(50) owes money to.. from collecting any money.. it's a 2 year process.. Nobody such as creditors can come at his head in the mean time and collect any type of money from him..

The nigga is going to come up with a payment plan.. 50 is going to use both his existing assets and any income going forward for these payment plans and while he's putting together a plan, his creditors have to leave him alone... that's where the "protection" of chapter 11 comes in...

So once 50 has made the payments determined in the plan... any remaining debts or amounts are discharged...with the exception of taxes, student loans, child support or alimony, criminal fines, and debts... of which the debtor(50) is aware of but the nigga probably is not going to include that in his plan. that's a smart nigga..the bitch may not even get the full amount..

Bruh, he swore under oath that his NET WORTH was $4.4 million.

That may not be "broke", but its a far cry from the $144 Million that Forbes Magazine estimated.

 

[R.D.]

Bruh this nigga is taking trolling to the next level lmaooooo

I also actually believe that nigga really take cars and jewelry back or just lease

Post from other thread

 

[R.D.]

50 is far from broke.. I think niggas in here getting chapter 7 and chapter 11 bankruptcy confuse..

50 filed chapter 11 bankruptcy.. Chapter 11 protects you from creditors seeking money.. while you reorganized your debts.. this stops..creditors that the debtor(50) owes money to.. from collecting any money.. it's a 2 year process.. Nobody such as creditors can come at his head in the mean time and collect any type of money from him..

The nigga is going to come up with a payment plan.. 50 is going to use both his existing assets and any income going forward for these payment plans and while he's putting together a plan, his creditors have to leave him alone... that's where the "protection" of chapter 11 comes in...

So once 50 has made the payments determined in the plan... any remaining debts or amounts are discharged...with the exception of taxes, student loans, child support or alimony, criminal fines, and debts... of which the debtor(50) is aware of but the nigga probably is not going to include that in his plan. that's a smart nigga..the bitch may not even get the full amount..

Bruh, he swore under oath that his NET WORTH was $4.4 million.

That may not be "broke", but its a far cry from the $144 Million that Forbes Magazine estimated.

Serious question

How old are you ?

 

[IgboNegro]

50 is far from broke.. I think niggas in here getting chapter 7 and chapter 11 bankruptcy confuse..

50 filed chapter 11 bankruptcy.. Chapter 11 protects you from creditors seeking money.. while you reorganized your debts.. this stops..creditors that the debtor(50) owes money to.. from collecting any money.. it's a 2 year process.. Nobody such as creditors can come at his head in the mean time and collect any type of money from him..

The nigga is going to come up with a payment plan.. 50 is going to use both his existing assets and any income going forward for these payment plans and while he's putting together a plan, his creditors have to leave him alone... that's where the "protection" of chapter 11 comes in...

So once 50 has made the payments determined in the plan... any remaining debts or amounts are discharged...with the exception of taxes, student loans, child support or alimony, criminal fines, and debts... of which the debtor(50) is aware of but the nigga probably is not going to include that in his plan. that's a smart nigga..the bitch may not even get the full amount..

Bruh, he swore under oath that his NET WORTH was $4.4 million.

That may not be "broke", but its a far cry from the $144 Million that Forbes Magazine estimated.

Serious question

How old are you ?

He's like 80 years old

 

[devilbdevil]

50's troll game is on 1000. The ny daily news had a pic in there of him the night before wearin an iced out watch then this nigga show up to court the next day in a plastic g-shock. He better pay the right people with that cash he got stacked away tho or he gon fuck around catch a perjury charge.

 

[ustupidson]

'50 financial woes I never speak of em, years ago pimpin curly we know we ethered him'

 

[[Trillmatic]]

No homo for that Game gif. Fawk was you thinkin? Smh.

 

[ustupidson]

No homo for that Game gif. Fawk was you thinkin? Smh.

lol it made me laugh.

 

[5 Grand]

50 is far from broke.. I think niggas in here getting chapter 7 and chapter 11 bankruptcy confuse..

50 filed chapter 11 bankruptcy.. Chapter 11 protects you from creditors seeking money.. while you reorganized your debts.. this stops..creditors that the debtor(50) owes money to.. from collecting any money.. it's a 2 year process.. Nobody such as creditors can come at his head in the mean time and collect any type of money from him..

The nigga is going to come up with a payment plan.. 50 is going to use both his existing assets and any income going forward for these payment plans and while he's putting together a plan, his creditors have to leave him alone... that's where the "protection" of chapter 11 comes in...

So once 50 has made the payments determined in the plan... any remaining debts or amounts are discharged...with the exception of taxes, student loans, child support or alimony, criminal fines, and debts... of which the debtor(50) is aware of but the nigga probably is not going to include that in his plan. that's a smart nigga..the bitch may not even get the full amount..

Bruh, he swore under oath that his NET WORTH was $4.4 million.

That may not be "broke", but its a far cry from the $144 Million that Forbes Magazine estimated.

Serious question

How old are you ?

I'm 41. What's your point?

 

[R.D.]

50 is far from broke.. I think niggas in here getting chapter 7 and chapter 11 bankruptcy confuse..

50 filed chapter 11 bankruptcy.. Chapter 11 protects you from creditors seeking money.. while you reorganized your debts.. this stops..creditors that the debtor(50) owes money to.. from collecting any money.. it's a 2 year process.. Nobody such as creditors can come at his head in the mean time and collect any type of money from him..

The nigga is going to come up with a payment plan.. 50 is going to use both his existing assets and any income going forward for these payment plans and while he's putting together a plan, his creditors have to leave him alone... that's where the "protection" of chapter 11 comes in...

So once 50 has made the payments determined in the plan... any remaining debts or amounts are discharged...with the exception of taxes, student loans, child support or alimony, criminal fines, and debts... of which the debtor(50) is aware of but the nigga probably is not going to include that in his plan. that's a smart nigga..the bitch may not even get the full amount..

Bruh, he swore under oath that his NET WORTH was $4.4 million.

That may not be "broke", but its a far cry from the $144 Million that Forbes Magazine estimated.

Serious question

How old are you ?

I'm 41. What's your point?

You think like a child...very naive

 

[gee757]

Where is the ggggay-unit brigade accountants @ now? I swear if doo doo gets locked up 4 lyin n court all over a 5mill bill he's a fukin muuuunkee 4 real lol.....especially if donkey Kong got it but let doo doo tell it his ass is a window shopper takin pix wit shit & putting it back ha

 

[BrazilianHairMoney]

Stfu it's plenty of bitches that got shit leaked on the net, why makes this bitch any different

I don't hear none of these other hoes threaten to sue me cuz i leaked they nudes & home videos

lawfully they can sue, but may not know they can.. they can press charges too.

 

[mike06]

well damn....hip hop has had a very very interesting summer

 

[MR.CJ]

50 Cent fails to provide financial records at sex tape trial as he claims he's broke
http://www.nydailynews.com/news/cri...cial-records-sex-tape-trial-article-1.2301999

 

[Screwtape]

50 Cent fails to provide financial records at sex tape trial as he claims he's broke
http://www.nydailynews.com/news/cri...cial-records-sex-tape-trial-article-1.2301999

so apparently he has the money but is claiming broke?

well that is interesting.

edit: man this guy hands over two pages of documents when they asked for 5 years of tax returns? this shit is getting ridiculous.