50 Cent Pays Off Debt, Ends Bankrupty
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.