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
In my August post, I stated that it was too early to tell whether Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), would be able to come to a consensual Chapter 11 plan for repayment with creditors. Jackson has not yet filed his own proposed plan of reorganization. However, it now
Gator Apple has not filed its bankruptcy Schedules and Statement of Financial Affairs yet but they are due to be filed by October 5th absent an extension from the Court. In the meantime, the Debtor filed a Chapter 11 Case Management Summary [Docket Entry 7] (“CMS”) which provides some additional information. According to the CMS,
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.
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
I recently provided insight into some of the issues in the 50 Cent Bankruptcy Case. You can read the article here.
Heather L. Ries is an attorney with the Financial Restructuring and Bankruptcy Department of the law firm of Fox Rothschild LLP. Heather focuses her practice in matters related to bankruptcy, creditors’ rights, commercial
As mentioned in my prior post, debtors in bankruptcy are required to complete and file Schedules which list all of their assets and all of their debts, along with a statement of financial affairs (“SOFA”) listing other important financial information, all under penalty of perjury. Curtis James Jackson, III (“50 Cent” or “Debtor”) filed
As mentioned in an earlier post, the current deadline to object to dischargeability of certain debts in Curtis James Jackson, III’s bankruptcy (“50 Cent” or “Debtor”) pursuant to 11 U.S.C. 523 is October 5, 2015.
The filing of a Chapter 11 bankruptcy case does not automatically result in the discharge of the debts owed by
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