[title size=”1″ content_align=”left” style_type=”default” sep_color=”” margin_top=”” margin_bottom=”” class=”” id=””]50 Cent filed for Chapter 11 Bankruptcy protection July 2015[/title]

50centbankrupt_no1

[title size=”1″ content_align=”left” style_type=”default” sep_color=”” margin_top=”” margin_bottom=”” class=”” id=””]A lot of smart folks out there don’t know what filing for a Chapter 11 actually means.[/title]

 

50 cent bankruptcy shenangins

 

Filing a Chapter 11 (as many businesses have done including 50 cent).

Definition and layman’s term:
Chapter 11 is named after the U.S. bankruptcy code 11, Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor’s business affairs and assets. It is generally filed by corporations which require time to restructure their debts.

Chapter 11 gives the debtor a fresh start, subject to the debtor’s fulfilment of its obligations under its plan of reorganization.

[title size=”1″ content_align=”left” style_type=”default” sep_color=”” margin_top=”” margin_bottom=”” class=”” id=””]You know who else is an expert in Bankruptcy laws?[/title]

bankruptcy chapter 11

[title size=”1″ content_align=”left” style_type=”default” sep_color=”” margin_top=”” margin_bottom=”” class=”” id=””]…And we all know what he can do[/title][youtube id=”https://youtu.be/vgbRoL4hLuE?t=5m30s” width=”600″ height=”350″ autoplay=”no” api_params=”” class=””][/youtube]

Chapter 11…

bankruptcy

[title size=”1″ content_align=”left” style_type=”default” sep_color=”” margin_top=”” margin_bottom=”” class=”” id=””]The interwebs & Haters thought 50 had no more money lol.[/title]

Feb 2016: 50 Cent Has Been Ordered Back Into Bankruptcy Court for Flaunting Cash on Instagram

Bankruptcy chapter 11

[title size=”1″ content_align=”left” style_type=”default” sep_color=”” margin_top=”” margin_bottom=”” class=”” id=””]Long story short… Do your homework haters and don’t believe everything you see or hear.[/title]

50 cent bankruptcy chapter 11

…On another note

50 cent bankruptcy

[title size=”1″ content_align=”left” style_type=”default” sep_color=”” margin_top=”” margin_bottom=”” class=”” id=””]Rick Ross – Confirmed member of Law Enforcement (Corrections officer)[/title][title size=”1″ content_align=”left” style_type=”default” sep_color=”” margin_top=”” margin_bottom=”” class=”” id=””]Drugs Sold = 0[/title]

50 cent chapter 11 bankruptcy

[title size=”1″ content_align=”left” style_type=”default” sep_color=”” margin_top=”” margin_bottom=”” class=”” id=””]Cookies ate: 9000 per annum.[/title]