50 Cent’s bankruptcy case is finally coming to an end after a judge
agreed that he could pay Rick Ross’ babymama $6m damages from her
lawsuit, for the next 5 years. The rapper, who is also owing $17million
to Sleek Audio has also been given 5 years to pay his debt. The rapperโs
lawyer released a statement expressing his pleasure with the outcome.
โMr. 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. Jacksonโs
plan of reorganization received overwhelming support from his creditors
and was confirmed without objection. The consensual plan resolves all
of his creditorsโ claims and was the product of Mr. Jacksonโs good faith
negotiations with his creditors and their confidence in his future
prospects. Mr. Jackson appreciates the fresh start this process provides
and looโks forward to continued success in his personal and
professional pursuits.โ
