According to the Wall Street Journal, 50 Cent officially filed for chapter 11 bankruptcy earlier today. 50 Cent who has made annual Forbes lists, consistently has filed for bankruptcy. Curtis Jackson) has $10 to $50 million in assets and $10 to $50 million in liabilities. It also puts his creditors at between 1 and 49. filing for chapter 11 is used, and has been used by many in the past, as a strategic business maneuver .
Last week, a jury ordered that 50 Cent pay Lastonia Leviston, the mother of Rick Ross‘ daughter, $5 million after 50 used a sex-tape she made with a former boyfriend–not Ross–in a parody video he made under the moniker Pimpin’ Curly. Jackson’s attorney was unable to be reach for comment or clarification for the filling.