50 Cent’s bankruptcy case is finally coming to an end after a judge agreed that he could pay Rick Ross’ babymama $6m damages from her lawsuit, for the next 5 years. The rapper, who is also owing $17million to Sleek Audio has also been given 5 years to pay his debt. The rapper’s lawyer released a statement expressing his pleasure with the outcome.
“Mr. Jackson is pleased that the Bankruptcy Court approved his plan of reorganization today, less than one year after filing for chapter 11 to reorganize his financial affairs.
Mr. Jackson’s plan of reorganization received overwhelming support from his creditors and was confirmed without objection. The consensual plan resolves all of his creditors’ claims and was the product of Mr. Jackson’s good faith negotiations with his creditors and their confidence in his future prospects. Mr. Jackson appreciates the fresh start this process provides and looks forward to continued success in his personal and professional pursuits.”