50 Cent Claims He’s Broke, Files For Bankruptcy

July 13, 2015 / Posted by:

I’m sure Floyd Mayweather is giggling like a damn schoolgirl right now. Or at least he will be, once someone sounds out the wordbankruptcy” for him. According to Page Six, 50 Cent’s name can also double as a description of how much money is currently sitting in his bank account, because he filed for bankruptcy this morning. 50 Cent’s declaration of being Chapter 11-levels of broke comes 3 days after he was found guilty of releasing a sex tape starring a woman named Lastonia Leviston and ordered to pay $5 million plus damages. This is the part where I post an┬áSNL Church Lady “How conveeeeeenient” GIF.

50 Cent was supposed to provide the judge of his sex-tape trial with a statement of his net worth this morning, but instead he decided to hand them a copy of his bankruptcy notice and ask if he could bum $0.50 for a coffee. The jury needed to see how much 50 Cent was worth to determine how much in punitive damages Lastonia Levinson could get. The bankruptcy filing states that 50 Cent has $10 to $50 million in assets and $10 to $50 million in liabilities. This isn’t the first time 50 Cent has filed for bankruptcy in an attempt to sneak his way out of legal obligations; he filed on behalf of his boxing promotion company back in May, right before the sex tape trial was scheduled to begin.

If 50 Cent really wants that judge to believe he’s broke, he probably should have deleted that picture of himself standing in front of a giant wall of cash from his Instagram at the same time he filed for the Big B. Or maybe pictures like this will help his case?

Your honor, of course I’m actually broke. I bought a diamond-encrusted chess set right before I declared bankruptcy for the first time. I clearly don’t make good decisions when it comes to money.

Pic: Instagram

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