Rapper 50 Cent Files Chapter 11: Will Now Be Known as “Two-bits”

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Look, if you call yourself 50 Cent, I can’t help but laugh at the irony of losing all your money. As my son Samm says, does he even have 50 cents left? I just this this guy is beyond ludicrous:

50-Cent-cutting-money

The Wall Street Journal says the rapper 50 Cent filed for bankruptcy protection on Monday, halting a dispute over a sex tape.

The 40-year-old rapper, Curtis James Jackson III, filed for chapter 11 protection in the U.S. Bankruptcy Court in Hartford, Conn., on Monday, the same day he was supposed to appear in a New York state court to determine whether he owes punitive damages in a 2010 lawsuit filed by Lastonia Leviston, rapper Rick Ross’s ex-girlfriend, court records show.

Jurors said last week that Mr. Jackson should pay $5 million to Ms. Leviston, who said that Mr. Jackson violated her privacy by posting a sex tape of her online. Mr. Jackson’s lawyers dispute the amount of the verdict.

The skeletal, five-page bankruptcy petition didn’t reference the lawsuit. Generally, filing for bankruptcy protection halts lawsuits and collection efforts.

Of course 50 Cent. You would file bankruptcy in order to avoid paying a judgement. So in addition to being a awful actor, and terrible singer, you are both an awful and terrible human being. Congrats. I hope you really like your reflection the mirror each day.

Written by Katie McGuire. Follow Katie on Twitter @GOPKatie, or email the author at katiefmcguire@gmail.com

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Katie McGuire

Political Junkie. Mom, Writer, Blogger. Owner of kids and corgis.

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