50 Cent Reaches Deal To Settle Financial Crisis

50 Cent Reaches Deal To Settle Financial Crisis


American rapper, 50 Cent, has been given a pass on his bankruptcy filing.
Fifty Cent, who marked his 41st birthday on Wednesday, spent most of the day in a Connecticut bankruptcy court for the hearing of his financial crisis.
The rapper owes about $28 million, and with the payment plan agreed upon, he will be paying $23.4 million in the next five years.
The plan will have him make a first payment of $7.4 million and $2 million annually for the next five years.
The creditors include Sleek Audio, SunTrust Bank and Lastonia Leviston.

His lawyer says the debt would be funded either by selling his Connecticut property or through his business activities.

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