Rapper 50 Cent Files For Chapter 11 Bankruptcy Protection

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  • TheMoneyShot
    BARRELED IN @ SBR!
    • 02-14-07
    • 28672

    #1
    Rapper 50 Cent Files For Chapter 11 Bankruptcy Protection
    Info


    .



    Um... what happened here? Guy was in a couple of movies... thought he rapped ok... what's wrong here?
  • Snowball
    BARRELED IN @ SBR!
    • 11-15-09
    • 30064

    #2
    donehav nuffin
    Comment
    • BrickJames
      SBR Hall of Famer
      • 05-05-11
      • 9749

      #3
      that video is so funny. he clowns the shit out of rick ross's baby mom
      Comment
      • itchypickle
        SBR Posting Legend
        • 11-05-09
        • 21452

        #4
        Fifty knows what he's doing here. Broke 'on the books' but other assets off books keeps him afloat with ease. Just trying to wipe off some bad debt from shittty investments.
        Comment
        • PAULYPOKER
          BARRELED IN @ SBR!
          • 12-06-08
          • 36581

          #5
          He has like fiddy corporations....

          He is not "PERSONALLY" filing bankruptcy.........
          Comment
          • DwightShrute
            SBR Aristocracy
            • 01-17-09
            • 103509

            #6
            never heard of him
            Comment
            • Big Bear
              SBR Aristocracy
              • 11-01-11
              • 43253

              #7
              he is rich.
              Comment
              • TheMoneyShot
                BARRELED IN @ SBR!
                • 02-14-07
                • 28672

                #8
                Originally posted by PAULYPOKER
                He has like fiddy corporations....

                He is not "PERSONALLY" filing bankruptcy.........
                Judging from the story those are consumer debts... which are personal. It would be a personal bankruptcy. The only issue is... he must be showing proof that all of his LLC's or Inc's (businesses) that he owns and/or partnered with don't come close to 10-50 million in profits yearly. Odd part of this is the 10-50 million fluctuation. Should be more accurate than that.

                Well... someone advised him to do it... but I do agree... I think there are some shady business numbers somewhere. That's some crazy personal spending he was doing. Must be C.C bills.
                Comment
                • jtoler
                  BARRELED IN @ SBR!
                  • 12-17-13
                  • 30967

                  #9
                  Chapter 11, this would be the company(s) filing not him personally, so he's ok, Trumper has done this many times.
                  Comment
                  • SomeDayinBuffalo
                    SBR MVP
                    • 08-12-11
                    • 1478

                    #10
                    He is just covering his ass and separating all his other stuff he has going.
                    Comment
                    • mpaschal34
                      SBR Posting Legend
                      • 02-04-13
                      • 12087

                      #11
                      Just living up to his name....50 cents
                      Comment
                      • GUMMO77
                        SBR Hall of Famer
                        • 08-23-10
                        • 9294

                        #12
                        Yup, Trumping it up.
                        Comment
                        • capone1899
                          SBR MVP
                          • 06-16-11
                          • 1054

                          #13
                          WTF?? He made like $100 million on the vitamin water sale.
                          Comment
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