50 Cent Pays Off Debt, Ends Bankrupty

50 cent pays off debt ends bankruptcy

50 cent pays off debt ends bankruptcy

50 Cent’s financial woes have come to an end.

50 Cent is in the clear after paying off more than $22 million worth of debt. Yesterday, Judge Ann Nevins approved the discharge of Fif’s bankruptcy case in Hartford, Connecticut.

Apparently, 50 paid off everyone that he owed money, and much quicker than the judge anticipated. Back in July, Nevins approved a plan that gave Fif 5 years to pay off of his debt.

However, he paid off the five year plan early with $8.7 million of his own money, and $13.65 million he received in a recent settlement of a legal malpractice lawsuit against the law firm of Garvey Schubert Barer. The G-Unit head honcho received the settlement at the end of last year.

In 2015, 50 filed for chapter 11 reorganization – citing debts of $36 million and assets of less than $20 million.

Yellah Bone
When it comes to digging deep into Hip-hop news, Renee, AKA Yellah Bone is a definite pro. Taking up Journalism in school and actually making it her full time career, Yellah Bone's love for the culture and breaking stories come's alive through her writing. The Bone's content has inspired other journalist from XXL Magazine, and many more big players in the game. Follow her on Instagram as she keeps your ear filled with all the latest.