50 Cents News: Singer Filed Bankcruptcy Case Over Leaked Audio Tape

Curtis James Jackson III, also known as 50 Cents, filed for bankruptcy last year. The Associated Press stated that Jackson (50 Cents) should pay $5 million to a woman who accused him over a tape  posted without her knowledge.

According to TMZ, it confirmed that 50 Cents filed a case for bankruptcy after Rick Ross won in a $5 million verdict against him. While, Lavonia Leviston who was featured in the leak audio tape, was awarded  $5 million for determining that the rapper has intentionally leaked the tape and embarrassed Rick Ross.

The jury ordered 50 Cents to produce some proof of income and it is worth so that they can determine any disciplinary damage. Nevertheless, the bankruptcy filing first reported that 50 Cent's assets are only valued between $10 to $50 million and his liabilities are in between the range too.

On the other hand, 50 Cents agrees to a settlement with his lawyers that he accused of not doing their job to represent him in legal proceedings that are related to failed headphone deals with a Sleek Audio. He will be receiving $14.5 million for a malpractice suit that he files against his attorneys, Mail Online reported.

After all, the money will go straightly to his creditors whom he still is paying after filing the Chapter 11 bankruptcy way back 2015. 50 Cents lost the case, as he owed the company money. His other creditors owe $23 million and $17 million on which he owes to Sleek Audio. Some report that the bankruptcy judge will still need to sign the deals.

For the meantime, the rapper asked his opinion about his fellow rapper Kanye West that hospitalized. He concluded that Kim's robbery in Paris is a big part of Kanye's breakdown. Furthermore, he quickly defend Kanye about the allegations, that Kanye fake the whole thing for an insurance payout on the canceled concerts

You can buy 50 Cents album on Amazon, such as:

Get Rich Or Die Tryin', In Da Club, Before I Self Destruct