Rapper 50 Cent Files for Bankruptcy Protection
Well-known rapper, 50 Cent, files bankruptcy case. Celebrities often are admired. While many people are jealous of celebrities’ wealth and fame, the reality is that celebrities run into the same types of financial problems as everybody else.
Recently the famous rapper 50 Cent ran into money problems. He was faced with the same decision many in Broward County. Florida face every day. Consult with an experienced bankruptcy lawyer and file a bankruptcy case. 50 Cent, whose real name is Curtis James Jackson III, filed a Chapter 11 bankruptcy case which is a reorganization chapter that businesses often use.
Legal Woes Are to Blame for raper, 50 Cent’s Need to File Bankruptcy
Many would think this is a due to a lavish lifestyle. The rapper insists that is not the case. The blame lies in $20 million in debt due to two legal disputes. A judgment was entered against the rapper over a broken business deal to develop headphones. That judgment was for $18.4 million. Another judgment was based on a claim by a woman for violation of her privacy. That judgment was for $5 million.
Curtis James Jackson III (AKA 50 Cent) Hopeful Chapter 11 Will Save Him
The rapper is hoping the bankruptcy filing will allow him to meet his financial burden. This often happens to many people. Bills and finances become hard to manage. Creditors will not stop with the calls and the letters. The accounts are turned over to collection companies. The accounts result in people being dragged into court. Sued over bills they have no way of paying. The lawsuits then become judgments. Judgments can and do lead to wages being garnished and bank accounts being levied. The solution often is to visit a bankruptcy attorney to learn if there is a way out.
Filing Bankruptcy Can Be the Solution!
The filing of a bankruptcy case could be the solution to your problems. Maybe you are not $20 million in debt, but let’s face it, the amount of debt is relative to our life situations. Being under the gun of creditors is stressful, no matter how small or large the number! Lawsuits –or threats of pending lawsuits– can sometimes be the straw that breaks the camels’ back. A famous rapper with lots of money needed the help of a bankruptcy attorney. It is no surprise that people living from paycheck to paycheck also need the help of a local bankruptcy lawyer. It can often be the only way out of debt.
Call Howard Butler for Help!
If you are an up and coming raper but facing financial ruin, or just an average person who finds themself in a financial mess, consider calling and speaking with Howard Butler, a South Florida bankruptcy attorney working from his office in Broward County, FL, helping people solve their debt crisis and getting a fresh start. Call me, Howard Butler, at (954) 797-5338