Those of you who lose sleep over the bank accounts of millionaires, you can finally rest your weary eyes. 50 Cent’s storied bankruptcy case is finally coming to a close with a judge agreeing to allow him five years to pay off the $23 million he owes. Specifically, $17 million will go to Sleek Audio with the other $6 million going to Rick Ross’ baby mother.
The rapper’s lawyer released a statement expressing his pleasure with the outcome.
“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. Mr. Jackson’s plan of reorganization received overwhelming support from his creditors and was confirmed without objection. The consensual plan resolves all of his creditors’ claims and was the product of Mr. Jackson’s good faith negotiations with his creditors and their confidence in his future prospects. Mr. Jackson appreciates the fresh start this process provides and looks forward to continued success in his personal and professional pursuits.”
That’s a nice and complicated way of saying that 50 got off light. Especially when he did this on Instagram and this at a strip club, chapter 11 be damned.
Now that this pesky financial business is behind him, 50 can continue doing his thing and keeping us thrilled this summer with a new season of Power. Sadly, all those paychecks will be going to other people but at least it’s better than prison.
(Via Rolling Stone)
