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# Rapper 50 Cent Files for Bankruptcy
- URL: https://www.hypebot.com/rapper-50-cent-files-for-bankruptcy/
- Published: 2015-07-14T08:45:00.000Z
- Updated: 2015-07-14T08:45:00.000Z
- Description: One major slip online has forced rapper 50 Cent into bankruptcy. In an effort to retain some assets and reorganize his assets, he filed Chapter 11 after loosing a lawsuit claiming he'd. Continue reading [https://www.hypebot.com/hypebot/2015/07/rapper-50-cent-files-for-bankruptcy.html]
- Author: Bruce Houghton
- Tags: Music Business, YouTube & Video, 50 Cent, Associated Press, Chapter 11, Connecticut, Get Rich Or Die Tryin (Clean), Hartford, Mike Tyson, Rick Ross, Starz (TV channel), The Wall Street Journal, Title 11, United States bankruptcy court, United States Code, #wp, #wp-post, #Import 2026-01-21 10:28

[![image from assets.rollingstone.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c7ae3dc8970b-100wi "image from assets.rollingstone.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c7ae3dc8970b-popup?ref=hypebot.com)One **major slip online** has forced rapper **50 Cent into** bankruptcy. In an effort to retain some assets and reorganize his assets, he filed **Chapter 11** after loosing a lawsuit claiming he'd uploaded a video of a **13 minute sex tape.**

[![50](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb0852503f970d-200wi "50")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb0852503f970d-popup?ref=hypebot.com)

Rapper 50 Cent filed for bankruptcy protection on Monday, the day he was scheduled to learn whether he owes punitive damages for posting a woman's sex tape online.

The 40-year-old rapper , who was born Curtis James Jackson III, filed the 5-page petition in U.S. Bankruptcy Court in Connecticut. He lists his address as a mansion in Farmington formerly owned by boxer Mike Tyson.

Last week a jury found Jackson should pay $5 million to Lastonia Leviston, who [accused](http://www.courthousenews.com/2010/02/25/25059.htm?ref=hypebot.com) the rapper of posting a 13-minute sex tape on his website as part of a "rap war" between himself and fellow rapper Rick Ross.

Jackson has [claimed](http://www.courthousenews.com/2015/05/22/blame-for-50-cent-sex-tape-put-on-rick-ross.htm?ref=hypebot.com) that Ross spliced footage of 50 Cent into the video and uploaded it to the Internet himself.

The Chapter 11 petition lists between 1 and 49 creditors, and assets and debts of $10 million to $50 million. Although the petition makes no mention of the lawsuit, pending bankruptcies usually stay suits and collection proceedings.

**Read the full filing [here](http://www.courthousenews.com/2015/07/13/50%20Cent%20Bankruptcy.pdf?ref=hypebot.com).**

via [Courthouse News](http://www.courthousenews.com/2015/07/13/rapper-50-cent-files-for-bankruptcy.htm?ref=hypebot.com)

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