Rapper 50 Cent Files for Ch. 11 Protection

July 13, 2015, 11:47 PM UTC

The rapper known as 50 Cent filed for bankruptcy protection in Connecticut as a lawsuit against him over a controversial online video plays out in a New York court (In re Curtis James Jackson III, Bankr. D. Conn., 15-21233, petition filed 7/13/15).

The July 13 petition by Curtis James Jackson III listed assets and debt of less than $50 million each for the Grammy-winning musician, whose “Get Rich or Die Tryin’” album in 2003 was made into an autobiographical film.

His boxing promotion company, SMS Promotions, has also filed for bankruptcy, listing assets and debt of $100,000 ...

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