Knuckles Red
<3<3<3
WILL YALL GET YOUR HANDS OUT THIS MAN'S POCKETS?!?!!?!?
Bunch of chatty pattys!!!!
Bunch of chatty pattys!!!!
50 cent files for chapter 11...
- Thread starter GatorStaceyAdams
- Start date
The irony of you using this statement
Donald Trumps firms (Taj Mahal, Trump Plaza) filed for bankruptcy- similar to 50's firms (SMS promotions)
However, Donald Trump himself has never filed for bankruptcy.
Smart dumb, you say?
So that innocent woman whose sex tape he released won't get paid? 
Link to tape?So that innocent woman whose sex tape he released won't get paid?
So some of yall legal experts in here... Couldn't Rick Ross' Baby Mom's lawyers just come after his material assets like his houses and cars for the $5 milly?
Not if hes bankrupt
The irony of you using this statement
Donald Trumps firms (Taj Mahal, Trump Plaza) filed for bankruptcy- similar to 50's firms (SMS promotions)
However, Donald Trump himself has never filed for bankruptcy.
Smart dumb, you say?
You have some more reading to do. Through junk bonds, Trump guaranteed the construction of Taj Mahal with his own wealth and personally took a hit. Smart dumb nikka move.
newworldafro
DeeperThanRapBiggerThanHH
Not if hes bankrupt
I'm confused. He may claim bankruptcy, but he can't claim his home and cars disappeared in 24 hours.
BlackAchilles
Veteran
-----
This account was for entertainment purposes only.
Act like 50 is a genius because he lucked out with that Vitamin Water deal, brehs.
Where the fucck is your 100 million at then gwalla motherfuccker?
DonFrancisco
Your Favorite Tio!
Smart move. He won't have to forfeit any real assets and in the mean time restructure his finances. Doesn't own other companies? If that is the case his debt makes sense and he can still buy and live off of his assets from the company.
You have some more reading to do. Through junk bonds, Trump guaranteed the construction of Taj Mahal with his own wealth and personally took a hit. Smart dumb nikka move.
Youre telling me that you cant tell the difference between:
A.) Man invest $10mm into a L.L.C. venture. Business goes belly up and declares bankruptcy.
B.) Man declares bankruptcy against his personal assets
In case A, the claimants and courts can only expect recourse from said venture
In case B, Man's entire assets become free game and at the hands of the court/claimants. This is why you dont see rich people willingly going into personal bankruptcy- way too nebulous an outcome.
I do research at an investment firm that invests in distressed firms- so I am familiar with Chpt 11's. I would need a coli layers to confirm, but I also believe that the $5mln promised to the lady does not go away. She might get restructured (less), but she has a legal claim against 50s assets.
Youre telling me that you cant tell the difference between:
A.) Man invest $10mm into a L.L.C. venture. Business goes belly up and declares bankruptcy.
B.) Man declares bankruptcy against his personal assets
In case A, the claimants and courts can only expect recourse from said venture
In case B, Man's entire assets become free game and at the hands of the court/claimants. This is why you dont see rich people willingly going into personal bankruptcy- way too nebulous an outcome.
I do research at an investment firm that invests in distressed firms- so I am familiar with Chpt 11's. I would need a coli layers to confirm, but I also believe that the $5mln promised to the lady does not go away. She might get restructured (less), but she has a legal claim against 50s assets.
Completely avoid what I stated brehs. My response was to your belief that Trump came out unscathed from the Taj bankruptcy. When your liabilities are equal to or greater than your assets, as in 50's case, then what? 
I'm living coli cash large pleighboiWhere the fucck is your 100 million at then gwalla motherfuccker?
Act like 50 is a genius because he lucked out with that Vitamin Water deal, brehs.
"I took quarter water sold it in bottles for 2 bucks
Coca-Cola came and bought it for billions, what the fukk?"
