Enter to win every day in CTNOW's 21 Days of Summer Giveaways. Click here to see today's prize.
Topics

Rick Ross

50 Cent files for Chapter 11 bankruptcy after verdict in sex-tape lawsuit

50 Cent files for Chapter 11 bankruptcy after verdict in sex-tape lawsuit

Rapper 50 Cent's "P.I.M.P." days just hit another snag -- he's filed for Chapter 11 bankruptcy. In the Monday filing, Curtis James Jackson III filed for individual bankruptcy protection in Connecticut's U.S. Bankruptcy Court and listed primarily consumer debts that total between $10 million and $50 million, according to court documents obtained by the Los Angeles Times. Jackson's forms, which were filed the same day a jury was to decide punitive damages in his high-profile revenge-porn case, also said he has $10 million to $50 million in assets. Because of the bankruptcy filing, the 40-year-old did not appear in a New York...

Loading

74°