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Since my April 8th blog post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), filed his proposed First Amended Plan and Disclosure Statement.  The deadline for creditors and parties-in-interest to object to Jackson’s Disclosure Statement is April 27th, followed by a May 18th hearing on approval.

Jackson’s Plan proposes to allow 

Since my March 28th post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), filed his sixteen-page, Court ordered explanation (“Disclosure”)  regarding the differences between his original Schedules and Statement of Financial Affairs (“SOFA”) and his subsequent amendments.

Transparent pigIn the Disclosure his attorneys state that “the true benchmark is whether the debtor’s

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Since my February post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), objected to the appointment of an examiner, along with Sleek Audio, LLC, Suntrust Bank and Lastonia Leviston (“Largest Creditors”) and filed his own disclosure statement and plan of reorganization.   According to representations made by Jackson’s counsel at the hearing, 

Since my January post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), has objected to the proposed plan and disclosure statement by his largest unsecured creditors Sleek Audio, LLC, Suntrust Bank and Lastonia Leviston (the “Proponents”) on the basis that it would subject to a “near indefinite period of involuntary indentured

Gator Apple filed for chapter 11 bankruptcy protection today in the U.S. Bankruptcy Court, Southern District of Florida.  The Bankruptcy case number is 15-26825-PGH and the case has been assigned to the Honorable Paul G. Hyman.

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Among the 20 largest unsecured creditors are: Empire Apple Holdings, LLC ($4,348.528.00); Coca-Cola USA ($900,000.00); American Express ($50,000.00); Lee

It’s too early to tell whether Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), will be able to come to a consensual Chapter 11 plan for repayment with creditors.  However, based on the recent 2 hour status conference and hearings on various motions, the outlook is hopeful.  Jackson’s counsel indicated that they