Home » Celeb » 50 Cent Makes Shocking Climb Out of Bankruptcy with $23 Million Payment Plan

50 Cent Makes Shocking Climb Out of Bankruptcy with $23 Million Payment Plan

Rapper 50 Cent‘s bankruptcy proceedings have drawn to a close. A judge has signed off on a deal that will let him pay out the $23 million he owes to creditors over a five-year period.

50 Cent BandRumors.com

Yeah, looks like he has no money at all.

Curtis Jackson (the real name of the famous rapper) had his attorney release a statement about the proceedings:

“Mr. Jackson is pleased that the Bankruptcy Court approved his plan of reorganization today, less than one year after filing for chapter 11 to reorganize his financial affairs. Mr. Jackson’s plan of reorganization received overwhelming support from his creditors and was confirmed without objection.”

The statement continued, “The consensual plan resolves all of his creditors’ claims and was the product of Mr. Jackson’s good faith negotiations with his creditors and their confidence in his future prospects. Mr. Jackson appreciates the fresh start this process provides and looks forward to continued success in his personal and professional pursuits.”

50 Cent BandRumors.com

If he weren’t broke before, he will be after paying out the $23 million.

The professionalism of this statement is a far cry from how the rapper presented himself during earlier proceedings. One incident involved a strip club, and of course, some of the money he owes is for a lawsuit in which he distributed a sex tape online without permission.

Read more to see 50 Cent’s shocking behavior during the bankruptcy proceedings:

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