50 Cent Files For Bankruptcy Protection
By Patrick Eaton-Robb, July 13, 2015 ABC News
The rapper 50 Cent, known for the album "Get Rich or Die Tryin','" has filed for bankruptcy.
The artist, whose real name is Curtis Jackson III, filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Hartford on Monday, days after a jury ordered him to pay $5 million in an invasion-of-privacy lawsuit. He owns a 50,000-square-foot mansion in nearby Farmington.
The filing lists both the assets and liabilities for the rapper and actor as between $10 million and $50 million and indicates his debts are primarily consumer and not business related.
The filing comes after a New York jury on Friday ordered Jackson to pay $5 million to a woman who said he acquired a video she made with her boyfriend, added himself as a crude commentator and posted it online without her permission.
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