50 Cent Releases Statement About Bankruptcy!!!

Today all the talk was that 50 Cent filed bankruptcy, but now 50 Cent Releases Statement About Bankruptcy.

Before any of you stress out on Fiddy’s behalf, the “Candy Shop” rapper lawyers confirmed the rapper-actor-mogul filed for bankruptcy under the chapter 11 code in Hartford, Connecticut, on June 13. The chapter 11 filing allows him to reorganize his business interests, as opposed to a chapter 7 bankruptcy filing, which would mean liquidation of his assets.

50’s lawyers Followed the announcement of Curtis Jackson III with this statement via Billboard:

“The filing allows Mr. Jackson to reorganize his financial affairs, as he addresses various professional liabilities and takes steps to position the future of his various business interests,” says William A. Brewer III, partner at Brewer, Attorneys & Counselors, and counsel to Mr. Jackson, in a statement.”

“Mr. Jackson’s business interests will continue unaffected in the ordinary course during the pendency of the chapter 11 case.”

[rpi]

They continued saying:

“This filing for personal bankruptcy protection permits Mr. Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs.”

50 Cent took to social media posting a photo of his electric car and writing: