Rapper’s Bankruptcy Case Discharged

 HARTFORD, Conn. (AP) _ A federal judge has discharged rapper 50 Cent’s bankruptcy case after he paid more than $22 million.
Bankruptcy Judge Ann Nevins approved the discharge Thursday in Hartford, Connecticut.

The rapper who burst onto the music scene in 2003 with his debut album, “Get Rich or Die Tryin,” filed for Chapter 11 reorganization in 2015, citing debts of $36 million and assets of less than $20 million.
Nevins approved a plan in July calling for 50 Cent, whose real name is Curtis Jackson III, to pay back about $23 million.
Jackson’s lawyers said Thursday that he paid off the five-year plan early with $8.7 million of his own money and $13.65 million that he received in a recent settlement of a legal malpractice lawsuit against other attorneys.

 

(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Connecticut

MLB Power Rankings
Sign Up Today!

Listen Live