The results are in!
As I mentioned in my May 25th blog post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”) was scheduled for his bankruptcy confirmation hearing yesterday (July 6th).
All impaired creditor classes voted in to accept Jackson’s proposed plan of reorganization (“Repayment Plan”). He filed his own declaration
Since my April 15th blog post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), has made it past the disclosure statement approval phase of his bankruptcy case, and is running towards the plan confirmation finish line.
The confirmation hearing is scheduled for July 6th. At that hearing, the Court will decide
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.
In the Disclosure his attorneys state that “the true benchmark is whether the debtor’s
As a follow up to my Monday post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), filed a Motion to Extend Time to File Amended Disclosure Statement and to File Objections Regarding Amended Disclosure Statement (“Extension Motion”) yesterday. Accordingly, it looks like we may have a short delay finding out about
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
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
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