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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 

According to recent filings, the Curtis James Jackson, III (“50 Cent” or “Debtor”) has 1-49 creditors, $10,000,001 to $50 million in Assets, and estimated liabilities of $10,000,001 to $50 million. Listed among the 20 largest creditors are Sleek Audio, LLC, Lastonia Leviston, Suntrust Bank, 8X10 Boutique LLC, Premium Assignment Corp. and American Express.  The Debtor