50 Cent Files For Bankruptcy | Music News
Looks like Eminem’s former protege is in serious financial woes. 50 Cent filed for bankruptcy protection on Monday (July 13), the second time this year, after his boxing promotion company also filed for bankruptcy. Coincidently, he filed for bankruptcy the same day he was due to testify in a lawsuit filed by Lavonia Leviston. Last week, jurors determined that 50 cent owed $5 million to Lavinia for emotional distress sustained after 50 cent posted a sex tape of her online. The bankruptcy has effectively halted any financial repercussions. The filing states that the “Candy Shop” singer has $10 to $50 million dollars in assets and $10 to $50 million in liabilities. So for now, it looks like 50 cent won’t be found In Da Club, but more likely In Da Court.
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