Cent: Lawsuits are killing me

Many presumed the bankruptcy filing would put the sex tape payout on hold until the former was dealt with.

50 Cent owes the most to Sleek Audio. Here is the recap: (Radio.com) Worry not: 50 Cent is probably going to be just fine. It took place only two months following a Forbes estimate of the rapper’s huge net worth, which had been at $155 million.

My client’s business interests will continue unaffected in the ordinary course during the pendency of the chapter 11 case.

American rapper, 50 Cent, has continued to push his bankruptcy story further.

The music star, businessman and actor, reported in court papers that he has assets and debts in the range of $10m to $50m (£6.5m- £32m), according to the Wall Street Journal.

The rapper said he was just protecting himself by filing the paperwork.

While promoting the release of his forthcoming film Southpaw, the “21 Questions” lyricist also answered pressing inquires on his legal woes, which he addressed on Conan.

So, why the bankruptcy filing?

“Walt Disney had filed for bankruptcy before”.

“Yeah, yeah, yeah, I need protection”, 50 said sarcastically as the audience laughed.

It probably didn’t help Jackson’s case that he has given several interviews this week making light of the bankruptcy and making it clear that he’s not really in serious financial trouble, aside from the lawsuit. It is apparent that Fifty has quality people around him.

Other debts include $5 million to Lastonia Leviston, who sued 50 Cent for posting her private sex tape online, $1 million in legal fees, and $137,880 for a Bentley vehicle lease, among others. That document has not been made public and Leviston’s team has subpoened him to testify about it on Monday.