50 Cent Reaches Bankruptcy Deal With Creditors

What do you do when the whole world is in your pockets and you have to appear in front of a bankruptcy judge? If you’re 50 Cent, you show up with money stuffed in the front of your pants. Well, fake money, actually.

On Wednesday, 50 Cent appeared in bankruptcy court to make a deal with his creditors. Under the agreement, which is still awaiting approval by a judge, 50 may have to pay his creditors 74 percent of what he owes them.

According to the New York Daily News, U.S. Bankruptcy Court Judge Ann Nevins also heard arguments from U.S. Bankruptcy Trustee for Connecticut Holley Claiborn that she should further investigate 50’s assets because of the money he flaunts on social media. 

“He put the images out that he has large sums of money and then says it’s false,” Claiborn said. “If one is true and the other is not, that invokes a concern with the U.S. bankruptcy trustee about the credibility of the debtor.”

50’s lawyers scoffed at having the judge look more closely into his finances because of the rapper’s social media posts.

“People trolling the Internet are no more inclined to read an examiner’s report than they are the Congressional Record,” said Patrick Neligan, 50’s lawyer.

The biggest creditors that are looking for their payday from 50 include Sleek Audio, who’s owed more than $17 million, and Lastonia Leviston, who reached a $6 million settlement after the rapper released her sex tape.