50 Cent's bankruptcy case is over! He's been given 5 years to pay Rick Ross' baby mama $6million - Welcome To Celeski's Blog

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Friday, July 08, 2016

50 Cent's bankruptcy case is over! He's been given 5 years to pay Rick Ross' baby mama $6million

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 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.”

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