50 Cent: "I'm out this b*tch. Bankruptcy over" "oh now I remember where I put that Money. LMAO"

[eastside313]

To sum it up, he's broke

Ok. Does it make you feel better to say that for the 1000th time in 50 bankruptcy threads?

 

[Da King]

Ok. Does it make you feel better to say that for the 1000th time in 50 bankruptcy threads?

It hurts me seeing godfather suffer like this

 

[backbreaker65]

I'm not versed in bankruptcy so maybe one of the coli accountant can help. Is this base off him making a certain amount of income? If so will we be seeing him tellin the judge in a year I'm not making enough to meet those payments?

It all depends on what he stipulated to, Like 1 condition is, if he tries to file bankruptcy again as protection the 6 mil agreed to will not be forgiven. He has to pay that or file 7 and they will come in and take assets. He appears to be happy with the terms.

 

[Sonic Boom of the South]

have a net worth of less than 30mil
and have to pay 23mil to other people


this just gives him some years to tread water instead of having to pay a lump sum or doing prison time


and co write a book like you some master mind
but have to give your enemy's bm millons

u gone be feeding ross seed better than your own

 

[El Vato]

[QUOTEf="Scientific Playa, post: 19882959, member: 14121"]y'all already know i was gonna drop this

from the oaktown..not only is she fine she's can spit lol

[/QUOTE]

 

[Keep_It_Hip_Hop_Fam]

And still having millions after paying up $23 million will always be better than what you and I will ever have so?

My name nor yours is in the article.

 

[Bathing Ape]

Be mad at a black man smiling brehs

Thats the weird part, i gotta remember the coli is full of cacs so they enjoy seeinga black man lose even if it is 50 cent who is hated on the coli already. He has to pay all this but will still be richer than everybody on the coli.

 

[El Vato]

you all don't get it..declaring banruptcy dosent mean u broke

 

[Trey0'5Blue2Gz]

Now Kanan can go after Ghost & tommy

this shyt caught me off guard

 

[blockboy504]

The 50 and Drake hate crazy

 

[Animal House]

But why you nikkas are upset though?

Man you nikkas love this nikka

Those hating ass nikkas daping each over off too

 

[The Devil's Advocate]

Fif stans will call this a win

it is a win


the L was losing twice in his cases... that was a major fukking L

why? because there is no payment plan... you pay up, in cash, NOW



instead he gets to pay less... and pay over 5 years... so this was a win vs paying more and paying instantly




bankruptcy doesn't mean you pay zero dollars and get away scott free... y'all gotta learn what you speaking on before you speak on it

 

[Animal House]

 

[The Devil's Advocate]

It was a choice. I keep telling you cats from the very beginning. There was a reason his lawyers stated "personal" and his "businesses" will operate as in normal. There was a reason in the lawyer wanted 50 cent to explain why he "loaned" Curtis James Jackson III enterprises 29 million dollars in Jan 2015. It was a reason while being interviewed as late as 2013 and forward 50 cent would say My companies has more wealth than I do. While you guys was saying he can't move his money that fast ect... He was gearing up for this, he put his monies in his LLCs and he can maintain his business partners and hold up his end of the bargain.

Do you think a broke man can maintain all his business and open a hotel in Morocco? Got the debt reduced from 30 some odd million to 23 million of 5 years 4.62 a year with no interest.

It's not a win per se, but he staved off a big payment with on going interest.

this... nikkas have no idea


actually think 50 is some dummy with $.45 in his account and came up with this plan out of his ass... not like the federal judge actually says he has over 20 million in assets and his lawyers are top notch...



nah... lets take the coli's take on him being broke and this decision being absolutely terrible for him

 

[The Devil's Advocate]

y'all already know i was gonna drop this

white dude behind her needs to be a smiley