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Re: 50 Cent Files For Bankruptcy
In return all he was left with was 50... cents
In return all he was left with was 50... cents
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IM A FAGGOT FUCK AND MY RAPS JUST SUCK -
Re: 50 Cent Files For Bankruptcy
this shit is as hilarious as embarrassing
shouldve cut back his life standards as soon as he became irrelevant to rapOriginally posted by Neon ErikoOriginally posted by nick216Comment
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Re: 50 Cent Files For Bankruptcy
You guys are all dumb and don't understand how bankruptcy worksComment
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Re: 50 Cent Files For Bankruptcy
He's just setting up a payment plan for that $5mill he would otherwise owe immediately to Rick Ross's ex that he has to pay. Otherwise she could go after all his assetsComment
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Re: 50 Cent Files For Bankruptcy
for everyone who thinks 50 is not fucked http://www.uscourts.gov/services-for...kruptcy-basics
you can't just avoid debts and not pay them, its just now he's paying through the courts with a plan thats been agreed and voted upon by a board of creditors
also the biggest part of chapter 11 bankruptcy in this case is "Debts not discharged include debts for alimony and child support, certain taxes, debts for certain educational benefit overpayments or loans made or guaranteed by a governmental unit, debts for willful and malicious injury by the debtor to another entity or to the property of another entity, debts for death or personal injury caused by the debtor's operation of a motor vehicle while the debtor was intoxicated from alcohol or other substances, and debts for certain criminal restitution orders.11 U.S.C. § 523(a). The debtor will continue to be liable for these types of debts to the extent that they are not paid in the chapter 11 case. 11 U.S.C. § 523(c); Fed. R. Bankr. P. 4007(c).
that means [MENTION=20118]Danny Dorito[/MENTION] is wrong- that 5 mill is the one thing NOT included in the chapter 11Comment
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Re: 50 Cent Files For Bankruptcy
basically this is not the bankruptcy plan you file for VOLUNTARILY its usually court ordered; success rates for this type of reorganization is around 10%Comment
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Re: 50 Cent Files For Bankruptcy
care to comment daniel son
Originally posted by Purple:boosieguns:Originally posted by StreetFam RoddyComment
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Re: 50 Cent Files For Bankruptcy
I don't believe that that's how the sex tape was ruled and I didn't say he wasn't liable you retardComment
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Re: 50 Cent Files For Bankruptcy
If you think 50 doesn't have 10 times that in assets you're incredibly stupidComment
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Re: 50 Cent Files For Bankruptcy
Me: "He's setting up a payment plan..."
The guy that thinks putting eurgh in words is funny: "You can't just avoid debts and not pay them"
Fucking moron
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Re: 50 Cent Files For Bankruptcy
LoL @ thinkin 50 still ballinOriginally posted by Purple:boosieguns:Originally posted by StreetFam RoddyComment
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Re: 50 Cent Files For Bankruptcy
He's got investments everywhere
The uber thing was 50 exaggerating but he's still wealthy af
Problem is that his liabilities just about outweigh his assetsComment
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Re: 50 Cent Files For Bankruptcy
excessive trollin has rotted yung daniels brain
Originally posted by Purple:boosieguns:Originally posted by StreetFam RoddyComment
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Re: 50 Cent Files For Bankruptcy
Do I need to go back to the thread where you listed me as one of your 2 favorite posters Marc?Comment
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Re: 50 Cent Files For Bankruptcy
I still don't see how this is a good situation for fiddy and I also don't see how maliciously releasing a sex tape specifically to humiliate rick ross doesn't fit under that definition danny boy
my point is fiddy paying one or another, chapter 11 is a worst case scenario unless he voluntarily chose it and is planning on transitioning to chapter 7 where a plan is not required at all
obvi dude still wealthy but you can't not look at this as an LComment
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