50 Cent Submits $23 Million Bankruptcy Plan to Pay Off Creditors

50 Cent Submits $23 Million Bankruptcy Plan to Pay Off Creditors

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50 Cent Submits $23 Million Bankruptcy Plan to Pay Off Creditors news
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It looks like 50 Cent wants to resolve his ongoing bankruptcy case that has brought him so much unwanted attention. The G-Unit leader’s lawyers submitted a plan to a bankruptcy judge that will potentially see him pay off his creditors.

According to TMZ, Fif and his attorneys filed court documents with hopes of paying out $23 million to creditors over the next five years. The money would be spread out among the three plaintiffs: Sunburst Bank (approximately $4.9 million), Sleek Audio ($17.3 million) and Rick Ross’ baby mama, Lastonia Leviston ($6 million).

50 Cent also says he will liquidate some assets to cover the debts.

However, the plan has to be approved by the judge first.

Last month, 50 Cent reached an agreement with his creditors, which will allow him to pay back 72 to 94 percent of his debt. However, Bankruptcy Judge Ann Nevins wasn’t happy with the rapper posting pictures of himself flaunting money on his Instagram page. The 40-year-old rap mogul submitted a lengthy summary explaining that the wads of money in the pictures are fake.

Subsequently, 50 quit Instagram – although his account remained active – to avoid more persecution from the judge over his money-flossing photos.

Hopefully, 50 Cent can resolve his bankruptcy case and get back to what he does best – get money.

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