BK The Great
Veteran
50 Cent’sfinancial troubles have been well documented, but the situation might be bleaker than it seemed before. 50 Cent has fired back at three of his biggest creditors — Sleek Audio, SunTrust Bank and Lastonia Leviston — and the repayment plan they have devised for him in his bankruptcy case.
TMZreports that 50 Cent told the judge that his creditors’ plan violates the 13th Amendment. The 13th Amendment to the United States Constitution abolished slavery and involuntary servitude. 50 Cent argues that the plan would create “a near-indefinite period of involuntary indentured servitude” for his creditors.
50 Cent’s creditors are looking for court approval of their plan which reportedly sets the time for 50 Cent’s repayment at more than 150 years. 50 Cent is arguing that this would be “compulsive labor,” which would be unconstitutional.
In his argument against the plan, 50 Cent says, “The plan conditions [50 Cent’s] access to food and shelter on the whims of the trustee, who answers only to the [creditors].” 50 Cent owes his creditors more than $30 million.
While his financial status might be in a state of chaos at the moment, 50 Cent has done a great job of maintaining his image in the midst of it. The G-Unit rapper has stuck to his usual antics of late as he is currently involved in another beef, this time with Jay Electronica.
The situationbeganwhen Jay Electronica threatened to slap 50 Cent on Periscope.
“50 Cent at once, he was a good rapper,” Electronica said. “Right now he got the potential to be a rapper but he’s on some sucker shyt…and we will slap 50 Cent’s eyeballs loose out his scalp.”
When an Instagram user asked 50 Cent why he did not respond to Jay Electronica’s threat, 50 completelydismissedthe New Orleans rapper. “Who is that? I don’t even know a song from him,” 50 wrote.
Yesterday (Feb. 15), Jay Electronica releaseda diss trackcalled “The Curse of Mayweather.” 50 has not responded to the song.
Read More:50 Cent Says His Creditors Are Violating the 13th Amendment - XXL|
TMZreports that 50 Cent told the judge that his creditors’ plan violates the 13th Amendment. The 13th Amendment to the United States Constitution abolished slavery and involuntary servitude. 50 Cent argues that the plan would create “a near-indefinite period of involuntary indentured servitude” for his creditors.
50 Cent’s creditors are looking for court approval of their plan which reportedly sets the time for 50 Cent’s repayment at more than 150 years. 50 Cent is arguing that this would be “compulsive labor,” which would be unconstitutional.
In his argument against the plan, 50 Cent says, “The plan conditions [50 Cent’s] access to food and shelter on the whims of the trustee, who answers only to the [creditors].” 50 Cent owes his creditors more than $30 million.
While his financial status might be in a state of chaos at the moment, 50 Cent has done a great job of maintaining his image in the midst of it. The G-Unit rapper has stuck to his usual antics of late as he is currently involved in another beef, this time with Jay Electronica.
The situationbeganwhen Jay Electronica threatened to slap 50 Cent on Periscope.
“50 Cent at once, he was a good rapper,” Electronica said. “Right now he got the potential to be a rapper but he’s on some sucker shyt…and we will slap 50 Cent’s eyeballs loose out his scalp.”
When an Instagram user asked 50 Cent why he did not respond to Jay Electronica’s threat, 50 completelydismissedthe New Orleans rapper. “Who is that? I don’t even know a song from him,” 50 wrote.
Yesterday (Feb. 15), Jay Electronica releaseda diss trackcalled “The Curse of Mayweather.” 50 has not responded to the song.
Read More:50 Cent Says His Creditors Are Violating the 13th Amendment - XXL|
He has the money hidden and EVERYONE knows it.
$4 mill to SunTrust, $5 mill to Ross, lawyer fees..
