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50 Cent has 0 Sense

DanC78

Veteran Seminole Insider
Aug 29, 2003
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or maybe he does?

Does this bankruptcy move make sense?

Sounds like he is trying to avoid having to pay up on a lost lawsuit...I think it was for 5 million.

But seems crazy to me that he would go through all this just to avoid paying. Didn't he sell his shares of Vitiman Water 100 million plus?
 
Filing a Chapter XI was a desperate Hail Mary, filed to stave off an impending 5M + punitives award, all based upon his intentional tort, which debt is not dischargeable.

The filing accordingly accomplishes nothing, other than delay the inevitable, or perhaps jockey for a compromise.
 
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