50 CENT NOT BANKRUPT ANYMORE
American rapper 50 Cent (right) has reportedly been discharged from bankruptcy after paying off a $22 (`147 crores) million debt. He is in the clear after he repaid his debts with $8.7 (`58 crore) million of his own cash and a $13.65 million malpractice settlement with his former lawyers.
The Get Rich or Die Tryin’ hitmaker filed for bankruptcy in Connecticut federal court in July 2015. This was shortly after a Florida woman named Lastonia Leviston won a $7 million verdict against him in Manhattan state court. He listed $36 million in debts and under $20 million assets. The rapper, whose legal name is Curtis Jackson, drew criticism from the bankruptcy judge for posting social media photos of cash.
Jackson still had over four years to repay the debts under a court-approved bankruptcy plan. The discharge approval says Jackson still owes unspecified amounts to Bentley, SunTrust Mortgage and $50,000 to two women who were injured at his concert.