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
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
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
This week, Curtis James Jackson, III (“50 Cent” or “Debtor”) sought to employ several professionals to assist him with his chapter 11 bankruptcy. The Debtor is seeking to employ two firms as his bankruptcy counsel:
Curtis James Jackson, III, better known as rapper 50 Cent, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court, District of Connecticut (“Bankruptcy Court”) on Monday, July 13th. His bankruptcy filing followed shortly after a New York jury verdict in the amount of $5 million in favor of Lastonia Levitson, who sued him